Contract Management Masterclass: Planning, Development, Negotiation & Formulation of Effective Contracts

Introduction

Contracts are at the core of all commercial transactions, and good contract management is a core competency of successful organisations. The effective expenditure of money and resources is dependent on successful contract management activities - selecting the appropriate models, understanding the legal principles of creating a contract, managing each party’s rights and obligations, and dealing with claims and disputes are all key areas within this discipline.

PROCLAD Academy’s Contract Management Masterclass training course provides a systematic approach to the planning, development, negotiation and formulation of effective contracts and highlights the critical activities to be performed during the pre-award, award, and post-award stages of the tendering and contracting processes.

The key features of PROCLAD Academy’s Contract Management Masterclass training course are:

• Improved outcomes in commercial transactions
• Ensure that contracting is a high value added process
• Mastering skills in managing contract activities
• Exceptional negotiation skills
• Managing the performance of contractors
• Develop confidence in leading, planning, and managing the entire contract process

Learning Objectives

Participants on PROCLAD Academy’s Contract Management Masterclass training course will be able to:

• Systematically develop the contract to fairly and equitably distribute procurement and supply risks
• Learn planning, development, negotiation and formulation of contracts
• Manage the pre-award, award, and post-award stages of the tendering processes
• Understand the most appropriate contract type for the work to be performed
• Develop negotiation skills to successfully negotiate terms and conditions
• Employ effective dispute resolution techniques
• Develop the most appropriate contracts to ensure compliance with contract terms and conditions and avoid cost overruns and late delivery
• Deal with claims, variation orders and contract deviations

Target Audience

PROCLAD Academy’s Contract Management Masterclass training course is suitable for any personnel involved in the planning, evaluation, preparation and management of contracts, specifically in the areas of:

• Procurement
• Engineering
• Construction
• Operations
• Maintenance
• Finance

Participants may be new to their role, preparing for a new or major project, or experienced professionals looking for a refresher.

Training Methodology

PROCLAD Academy’s Contract Management Masterclass training course includes a variety of instructional methods, and involve a high level of interaction. The programme will explain principles and issues, using real examples, and will involve participants through discussion and debate, and individual and group exercises.

Course Outline