Contract Risk Management and Compliance

Course CodeCO00127

Available Dates & Locations

This course is available in multiple locations and online. Choose the most suitable date and delivery method.

Manama

Dates

Manama

Venue / Hotel

Diplomatic Area 317, Manama | | Bahrain

Duration
1 Week
Price
€5,150
Istanbul

Dates

Istanbul

Venue / Hotel

DoubleTree by Hilton Istanbul Esentepe

19 Mayıs Mahallesi, 19 Mayis Street No 2 Sisli, 34360 Istanbul/İstanbul

Hotel Website
Duration
1 Week
Price
€6,300

Course Overview

This seminar focuses on managing and mitigating risks in contracting to ensure successful project outcomes. Participants will gain insights into the risk mitigation process, strategies to elevate contracts to a strategic level, and skills to identify and allocate risks effectively. The seminar also provides examples of contract terms and conditions designed to address risk management comprehensively.

Course Objectives

  • Provide an understanding of how risk arises·
  • Compare different methods of identifying and assessing risk·
  • Review the impacts of different approaches to risk allocation·
  • Explore different Contract types to transfer risks·
  • Consider the contractual techniques to ensure effective risk allocation·
  • Review risk management techniques during the life of a contract·

Who Should Attend

  • Contract Managers and Contract Administrators
  • Procurement and Purchasing Professionals
  • Project Managers and Project Engineers
  • Commercial and Supply Chain Professionals
  • Legal Advisors and In-House Counsel involved in contracts
  • Finance and Risk Management Professionals
  • Tendering and Bid Evaluation Personnel
  • Professionals involved in vendor and supplier management
  • Personnel responsible for drafting, reviewing, and negotiating contracts
  • Professionals involved in managing contractual claims and disputes
  • Senior managers responsible for strategic contracting decisions
  • Anyone seeking to enhance their knowledge and skills in contract risk management and mitigation strategies

Course Outline

  • The Need for Contractual Relationships
  • Defining Risk
  • Categories of R for Both Sides of a Contract
  • Risk Assessment Process
  • Managing Risk
  • Qualifying Suppliers
  • Defining Internal Control
  • Proportionality of Control