Course description
Every day significant monies are made and lost by organizations as a result of the contractual terms and conditions governing contracts for the purchase of goods, equipment, and services.
Since all business activities are governed by contractual relationships, it is increasingly important for all those dealing with outside organizations to have an understanding of how to obtain the best possible agreement for their organization.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
The Essentials of Contracting and Contract Dispute Resolution training course is Ideal for :
- Contracts & Contracting Unit Personnel
- Project Professionals
- Procurement & Purchasing Personnel
- Commercial Professionals
- Anyone involved in the management of risk
Outcome / Qualification etc.
By attending this The Essentials of Contracting and Contract Dispute course you will gain the knowledge and skills to:
- Understand how contracts are formed
- Explain how to use contract provisions to reduce the risk of disputes
- Understand the impact dispute may have on relationships over the long term
- Describe the use of strategies to resolve the causes of disputes
- Improve appreciation of legal issues in contracts and develop new skills in negotiation.
Training Course Content
Day 1
Importance of Contracts, and How to Prepare?
- Need for contracts and how to prepare
- Laws and regulations in a contract
- Understanding the tender process
- Concept of Law of Agency (Agency Authority)
- Methods of strategic sourcing (alternative sourcing strategies)
Day 2
Documents for Security/ Guarantee
- Understanding of the concept of bonds and guarantees
- Security/guarantee documents for parent company
- Insurance policies relating to contract
- Importance of financial security
- Performance security in a contract
- Letters of intent in a contract
Day 3
Format/Layout of a Contract
- Different forms of agreement
- How to put the terms and conditions in a contract
- Different types of contract for a project
- Contract for International Trade ( title ownership) and risks associated with it
- Reaction and preparation of notices
- Understanding the legal process
Amendments/Change to Contract Documents
- Change in clauses to a contract
- How changes in work affect the project contract?
- How to manage claims? , understanding the reason for claims
- How delay in project affect the project contract?
- Understanding and distinguishing between “Novation” and “Assignment” in a contract
Day 4
Resolving Conflicts/Disputes in a Project Work
- Understanding how and when disputes occur
- How to avoid conflict ?
- Understanding how to negotiate and mediate
- Understanding the concept of “Litigation” and “Arbitration”
- Novel practices of dispute management
Day 5
Resolving Differences and Difficult Situations
- The negotiator as a mediator in the process
- Handling difficult negotiators
- Negotiation case study
- Team allocation and simulation exercise
- The Do’s and Don’ts of Negotiating
- Improving what we do - action planning
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...