Personal Skills

Training Course: The Essentials of Contracting


Register Now
Quick Inquiry
Discount Group Download Brochure (40)

PS1070

12 - 16 May 2025

London (UK)

Hotel : Landmark Office Space - Oxford Street

Cost : 5250 € Euro

Introduction

Every day significant monies are made and lost by organizations as a result of the contractual terms and conditions governing contracts for the purchase of goods, equipment, and services. Since all business activities are governed by contractual relationships, it is increasingly important for all those dealing with outside organizations to have an understanding of how to obtain the best possible agreement for their organization.

The course will look at how contracts are created, and some of the main clauses that appear in contracts, together with a number of alternative contracting strategies and structures. The course will then consider methods to be used in negotiating contracts, including techniques relating to negotiating on variations and claims. The course will deal with day to day commercial issues arising from business agreements written in the English language but will use techniques which have wide application to many types of contract in many countries.

Course Objectives of Essentials of Contracting

  • Provide an understanding of how contracts are formed

  • Give in depth analysis of issues behind major contract clauses

  • Improve appreciation of legal issues in contracts

  • Enhance understanding of different contracting strategies and structures

  • Develop new skills in negotiation of contracts and disputes

  • Increase understanding as to how and why disputes arise

  • Learn how to transfer risk through different contract types

  • Explain how to use contract provisions to reduce the risk of disputes

Course Process of Essentials of Contracting

Training will involve a high level of interaction and delegate participation. The intention is that the trainer will explain issues, using real examples, but will then involve the delegates in the discussion, using the information provided. There will also be sessions on negotiating, where delegates will work as teams to seek to agree on disputes in realistic scenarios.

Delegates are encouraged to bring real problem examples with them, for discussion on a confidential basis, and to share their experience of particular issues in their company or industry.

Course  Benefits of Essentials of Contracting

  • Delegates will be introduced to some of the latest international practices in contracting strategy and dispute resolution and shown how to build such practices into their contract documents

  • Professionals should have more confidence in discussing issues with lawyers or with the other parties to contracts

  • A better understanding of legal and practical issues will allow the more effective management of external legal and other resources

  • Non-lawyers will find it easier to instruct and work with specialist lawyer colleagues, improving the performance of both parties

  • Dispute avoidance skills will be enhanced, as will the ability to manage such disputes as do arise in an effective manner

Course Results of Essentials of Contracting

  • Expanding the expertise of personnel involved in developing contractual strategies, negotiating contracts and claims

  • Improve supplier performance in providing fair and reasonable prices for an on-time high-quality scope

  • The total cost of ownership should be reduced

  • Contracts should better reflect the commercial and other aims of the business

  • Contract negotiations should be more structured and focused on business goals

  • Disputes should be reduced, and those that do arise should be settled more quickly, with less cost, delay, and disruption

 Core Competencies of Essentials of Contracting

  • Negotiating skills and techniques

  • Developing contract strategies and structures

  • Understanding contract issues

  • Analyzing and drafting contract clauses

  • Resolution of claims and disputes

  • Risk Analysis

  • Commercial awareness of pricing and performance issues

Course Outlines of Essentials of Contracting

Day 1: How contracts are formed

  • The reasons for using contracts

  • Basic principles in contract formation

  • Examples of formalities for contract formation

  • The use of written or oral contracts

  • Authority to sign a contract

  • Basic contractual structures

  • Use of different types of contract for different business models

Day 2: Main contract provisions and associated issues

  • Scope of work

  • Force majeure

  • How to deal in volatile market conditions

  • Delivery and acceptance

  • Termination and suspension

  • Warranty

  • Selecting the appropriate law to govern the contract

  • Entire agreement

Day 3: Changes and Variations

  • Changes to the contract

  • Scope variations

    • Use of variations clauses

    • Evaluating scope changes

    • Extensions of time

    • Disruption

    • Changes in sequence and timing

  • Controlling and managing change

Day 4: Contractual Documents and Payment Issues

  • Letters of Intent and Award

  • Bonds

  • Progress Payments

  • Parent Company Guarantees

  • Use of commercial standard documents

  • How contracts end

    • Suspension and Termination

  • Types of damages

Day 5: Dispute Resolution

  • Avoiding disputes

  • Recognizing disputes when they arise

  • Contract clause to encourage negotiation

  • Third-party dispute resolution

    • Courts

    • Arbitration

    • Alternative methods – including mediation

  • Post review and analysis

Personal Skills

Training Course: The Essentials of Contracting


Register Now
Quick Inquiry
Discount Group Download Brochure (40)

PS1070

12 - 16 May 2025

London (UK) - Landmark Office Space - Oxford Street

Hotel : Landmark Office Space - Oxford Street

Cost: 5250 € Euro


  About London

The UK capital of London is a city that combines the old and the new. It is as equally famous for the latest fashion and innovation as it is for its impressive heritage. London's attractions range from the Royal Palace to the DIY atmosphere of its markets. It is also a picturesque city of parks and of course, the majestic Thames River. The city extends for miles beyond its ancient core and each neighborhood has its own charming atmosphere for visitors to explore. London also wears its status as a world city proudly and the influence of different cultures is plain to see in the food and fashion of the capital.


  Things to do and places to visit in London

With so many attractions in London, anyone can find something to delight them. Art lovers will enjoy the world-renowned museums and galleries, most of which are free. Sports fans are spoilt for choice by the city's array of football clubs. Theatre and music fans have a vast list of venues to visit, whilst shopaholics have Harrods, Oxford Street, Camden and much more to look forward to after arranging flights to London.

Some unmissable London attractions include:

  • Seeing priceless masterpieces in the Tate Britain or the National Gallery.
  • Watching the changing of the guard at Buckingham Palace.
  • Visiting Trafalgar Square's famous monument.
  • Marveling at the Crown Jewels in the Tower of London.
  • Getting a bird's eye view of the city from the London Eye.
  • Tasting one of Brick Lane's famous curries.
  • Browsing the exclusive shops of Knightsbridge.
  • Visiting a market – Spitalfields for antiques, Camden for clothes or Borough Market for street food.
  • Admiring design from around the world in the Victoria and Albert Museum.
  • Looking for clues at the home of fiction's most famous detective, Sherlock Holmes.
  • Strolling through one of the lovely parks, including Hyde Park, St James' Park or Kew Gardens.
  • Eating Britain's most famous dish, fish and chips.
  • Watching the street performers in Covent Garden.
  • Enjoying the views at a South Bank cafe.
 22 Portman Square, Marylebone, London W1H 7BG, UK
 3 Oudai street, Aldouki, Giza, Giza Governorate, Egypt
 0020233379764
 00201095004484
 00201102960555
 00201102960666
 19 Mayıs Mahallesi, 19 Mayis Street No 2 Sisli, 34360 Istanbul/Turkey
 00905357839460
 Australia Street, Raouche Beirut, Lebanon .، Beirut, Lebanon
 0096181746278
 811 Massachusetts Avenue, Boston, Massachusetts, 02118, USA
 6 Beirut Street - Fifth Circle Abdoun, P.O. Box 831370, 11183 Amman, Jordan
Copyright Global Horizon Training Center © 2019