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Seminars

Contract Management for Non-Legal Professionals

Introduction:

Every business and organization is based on the underlying contractual structures which they adopt. The precise type of contractual structure employed varies from the simplest agreement to the more complex project documentation. The drafting and formation of these contracts are often left to the legal and experienced professionals but the organization’s other individuals are left to manage the actual project or contract. These individuals need to understand the workings of the contract and the reasoning for the type of contractual structure used. This course covers essential fundamentals of contract management and contract analysis for non-contract professionals and personnel. It commences with consideration of the different types of contract structure and risk. It then moves on to consider the some of the fundamental clauses that are key concerns for good contract management. We then look at some of the techniques we can use to solve disputes and disagreements between parties to the contract whilst focusing on the need to save essential business relationships. In this course you will study:

  • Different types of contractual structure
  • The skills of contract management
  • The secrets of interpreting contracts
  • Techniques for protecting the organization through the use of contracts

Course Objectives:

By the end of this course delegates will be able to:

  • Understand the structure and purpose of contracts
  • Explain how different contract structures can be used to cover different risks
  • Enhance knowledge of important contract terms and conditions
  • Explain some of the dangers that exist within commonly-used contract clauses
  • Understand the best way to create contracts and see the downside of not doing so
  • Develop a heightened awareness of contract management issues
  • Build a practical understanding of the role and importance of stakeholders
  • Understand risk and the process of its mitigation
  • Understand own preferences in conflict management
  • Develop negotiation skills to capture more value in contract negotiations

Who Should Attend?

Contracts, Purchasing, and Project Personnel, Engineering, Operational, and Maintenance Personnel, Project and Contracts Management Professionals, Tendering, Purchasing, Contract Administration Professionals and Personnel, Engineering, Operational, Finance, Maintenance Professionals, Managers and executives in the procurement, finance, legal, risk and supplier relations department, Business Managers, Commercial staff, Project Engineers, Procurement staff, Legal staff, Contracts analysts & Officers, Contract Leaders & Engineers, Cost & Planning Engineers, Contract Administrators, Contracting Unit Supervisors, Contract Strategists, Project Managers, General Managers involved in contract negotiation and disputes, Commercial Managers, Buyers, Purchasing Managers, Tenders Managers, Supply Chain Managers & Executives, Procurement Managers & Personnel, Construction Managers

Course Outline:

The Structure of Contracts

· Formation of a contract

· The dangers of oral contracts

· Contract components

· Traditional contract structures

· Modern contract structures

· How to deal in today’s unsettled world economy

Important Contract Provisions

· Standard of work

· Controlling subcontractors

· Extensions of time

· Force Majeure

· Changes and variations

Collateral Documents

· Letters of Intent

· Letters of Award

· Bonds and Guarantees

· Parent Company Guarantees

· Choice of Law

· Choice of Courts

Payment and Breach of Contract

· Payment terms

· Dangers of late payment

· Breach of contract

· Types of damages

· Liquidated damages

· Negotiating solutions to contract management issues

Termination and Dispute Resolution

· Suspension

· Termination

· Litigation

· Arbitration

· Mediation

· Expert Determination

COURSE LOCATIONS

Code From To City Fee
CM14 09 Feb 2020 20 Feb 2020 Jeddah US$ 7000 Book
CM14 19 Apr 2020 30 Apr 2020 Bahrain US$ 7000 Book
CM14 22 Jun 2020 03 Jul 2020 Bali US$ 8500 Book
CM14 24 Aug 2020 04 Sep 2020 Bangkok US$ 7500 Book
CM14 11 Oct 2020 22 Oct 2020 Alexandria US$ 6500 Book
CM14 20 Dec 2020 31 Dec 2020 Dubai US$ 7000 Book


DUBAI OFFICE

Ittihad Deira Building,
Al Ittihad Rd, Deira
Dubai,
UAE

info@petrogas-training.com

USA OFFICE

642 E14 Street,
10009-13 Manhattan,
New York (NY)
USA

info@petrogas-training.com

EGYPT OFFICE

52 General Kamal Hejab Street,
Suez Bridge,
Cairo,
Egypt

info@petrogas-training.com
 

COURSE CERTIFICATE

Certificate of Completion will be provided to the candidate(s) who successfully attend and complete the course. Training hours attendance percentage of 75% is required.


TRAINING HOURS

Standard course hours: 8:30 A.M. to 3:30 P.M. Informal discussions: 4:30 P.M. to 5:30 P.M.


TRAINING METHODOLOGY

We use a blend of interactive and hands-on methods, active participation, a variety of instructional techniques, dynamic presentations, individual and group exercises, in depth discussion, DVD’s, role-plays, case studies, examples. All of the information, competencies, knowledge and skills acquired within our training programs, are 100% transferrable to the participants’ workplace.


ASSESSMENT & EVALUATION

Pre-Test and Post-Test Assessment are applied on 5-day and 10-day programs. Also, post course evaluation and candidate’s evaluation are applied to add another level of quality measurement. Candidates’ feedback is highly appreciated to elevate the training service quality.


ORGANIZATIONAL IMPACT

A- Have staff trained in the latest training and development approaches

B- Support nationalization and talent management initiatives

C- Have properly trained and informed people who will be able to add value

D- Gain relevant technical knowledge, skills and competencies


PERSONAL IMPACT

A- Develop job related skills

B- Develop personal skills in subject matter

C- Have a record of your growth and learning results

D- Bring proof of your progress back to your organization

F- Become competent, effective and productive

G- Be more able to make sound decisions

H- Be more effective in day to day work by mastering job-related processes

I- Create and develop competency to perform job well


FREQUENT NOMINATIONS SCHEME

A- 10% discount after 05 candidates’ registration.

B- 15% discount after 10 candidates’ registration.    

C- 20% discount after 20 candidates’ registration.

D- 25% discount after 25 candidates’ registration.

E- 30% discount after 30 candidates’ registration

F- Higher discount rates will be offered based on work volume with different clients.  


SEVERAL NOMINATIONS ON THE SAME COURSE SCHEME

A- One extra free seat is offered on 4 candidates on the same course and dates.

B- Two extra free seats are offered on 6 candidates on the same course and dates.

C- Three extra free seats are offered on 8 candidates on the same course and dates.

D- Four extra free seats are offered on 10 candidates on the same course and dates.

E- Five extra free seats are offered on 12 candidates on the same course and dates.


REGISTRATION POLICY

Nominations to our public courses are to be processed by the client’s Training and/or HR departments. A refund will be issued back to the client in the event of course cancellation or seat unavailability. A confirmation will be issued to the relevant department official(s). 


CANCELLATION POLICY

If a confirmed registration is cancelled less than 5 working days prior to the course start date, a substitute participant may be nominated to attend the same course or a 20% cancellation charge is applied. In case of a no-show, a 100% fee will be charged.


PAYMENT POLICY

Payment is due upon receiving the course confirmation, invoice and/or proforma invoice. However; the fee due can be wire transferred to our bank account directly after course completion. Our bank details are illustrated on the confirmation, invoice and proforma invoice, as well. The above documents can be communicated electronically, i.e., in a soft copy or/and in hard copy based on customer’s request.


COPYRIGHT

© 2017. Material published by PETROGAS shown here is copyrighted. © 2017. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing in any medium, transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.