OVERVIEW
The Contract is at the core of all commercial transactions and contracts management is a core competency of all successful organizations. The best organizations in the world understand the benefits of increased profits and higher productivity resulting from mastering best practices in the important phases of contract management.
BENEFITS OF ATTENDING
- Demonstrate a basic understanding of contract administration concepts
- Apply a type of contract appropriate to the contracting situation
- Make correct interpretation of contracts
- Learn Dispute Resolution Alternatives
WHO SHOULD ATTEND?
This course is designed for all staff who are involved with the procurement business. Contract managers, Procurement managers, Purchasing and supply managers, Tender or Project Support Staff, Construction Supervisors and Coordinators and IT Tender and Project Supervisors and Coordinators.
COURSE MODULES
- Contract Overview
- Commercial Contract Types
- Discussion Case
- Contract Terms and Conditions Overview
- Performance Based Contracts (Including Service Level Agreements)
- Structure of a contract
- Clauses in always include in agreements
- Contract Drafting
- Types of Bonds
- Claim and Dispute Resolution
- Nature of Claims
- Liability Establishment
- Types of breaches
- Liquidating Damage
- Dispute Resolution Alternatives
- Mediation and Arbitration
- Negotiation Techniques and Skills
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