Contract Risk Management & Compliance

One of the major functions of contracting is to ensure that risks to owners and contractors are identified and managed in a way that both parties are satisfied with the project outcome. While a contract cannot, of itself, make risk “go away”, it can, and should, identify the risks, determine who is responsible for managing each individual risk, and for the consequences should the risk occur. We developed this interesting and fast-paced course to provide participants with:

• Critical understandings of the risk mitigation process.
• Knowledge to move contracts from the tactical to a more important strategic focus.
• Ability to identify risks that can arise.
• Skills in allocating contract and procurement risk.
• Examples of Contract Terms and Conditions which allocate risk.

The Primary Objectives of the Course are to help Delegates to:

• 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·

• Contract managers and administrators
• Legal advisors and in-house counsel
• Procurement and sourcing professionals
• Risk and compliance officers
• Project managers overseeing contractual obligations
• Professionals involved in negotiation, insurance, and indemnity management
• Senior executives responsible for governance and contract oversight