Mastering Contract Management and Claims Mitigation

Course CodeCO00080

Available Dates & Locations

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

London

Dates

London

Venue / Hotel

82 - 83 Eccleston Square, Pimlico, London SW1V 1PS, UK

Duration
1 Week
Price
€6,300
Sharm El-Sheikh

Dates

Sharm El-Sheikh

Venue / Hotel

Sheraton Sharm Hotel

El-Salam, Qesm Sharm Ash Sheikh, South Sinai Governorate, Egypt

Hotel Website
Duration
1 Week
Price
€4,775
Trabzon

Dates

Trabzon

Venue / Hotel

-

Duration
1 Week
Price
€6,300

Course Overview

This program focuses on effective contract management to enhance company performance and profitability. It offers practical strategies to manage contracts at all stages, reduce disputes, and resolve them efficiently. Participants will learn techniques to improve business practices, seize opportunities, and mitigate risks. The emphasis is on developing commercial awareness through management procedures and key legal principles. This interactive program is designed to boost efficiency and minimize operational losses.

Course Objectives

  • understanding of necessary contractual and legal knowledge
  • understanding of and application of different types of agreements
  • increased commercial awareness needed to enhance the smooth running of contracts
  • increased ability to manage contracts with a view to reducing claims and conflict
  • ability to identify and mitigate risk factors and associated commercial and program implications
  • understanding of the importance of good record-keeping and service of contractual notices
  • increased understanding of commercial liabilities resulting from schedule changes and variations
  • improved ability, successfully to negotiate and maintain long term inter-business contracts with confidence
  • understanding of the need to deal with issues as they arise and to resolve disputes within the contract structure wherever possible
  • ability to analyze, negotiate and implement the most appropriate method of resolving disputes preventing escalation by early identification

Who Should Attend

This program is designed for:

  • Contract Managers and Contract Administrators
  • Procurement and Purchasing Professionals
  • Commercial and Tendering Managers
  • Project Managers and Project Engineers
  • Legal Advisors and Compliance Professionals
  • Supply Chain and Logistics Professionals
  • Finance Professionals involved in contract and payment management
  • Operations and Business Development Managers
  • Professionals responsible for negotiating, drafting, or managing contracts
  • Professionals involved in claims, disputes, and risk management
  • Individuals seeking to improve their contractual, commercial, and negotiation skills in local and international business environments

Course Outline

  • The need for contractual relationships
  • External and internal dimensions of a business relationship
  • Formation of a Contract
  • The key elements of a contract
  • Oral or written?
  • Electronic contracts
  • Terms of the contract
  • Inter-business contracting
  • Law of Agency
  • Sources of Law
  • Developing legal knowledge and skills