Contracting Skills

Contracting Skills

Monday 08 Feb 2021

  • Duration: One Week
  • City: London
  • Fees: 3850 GBP

Introduction:

This course on “Contractor Skills” will teach the fundamentals of creating a contract, it’s main clauses and provisions.

Trainees will also learn the different alternative contracting strategies and its arrangements and methods of proper negotiation techniques and how to claim a negotiation.

Course Objectives:

  • Understanding the design and creation of a contract
  • Understanding the clauses and provisions in a contract
  • “How to claim a negotiation?”
  • Understanding the different alternative contracting strategies
  • Understand the skills for contract dispute management
  • Understand the methodology of contract risk management
  • Understand the minimization of dispute through contract clauses

Course Outlines:

Day 1:

Methodology of Design and Creation of a Contract

  • What is a contract? .. Why is it important?
  • Methods of creating a contract
  • Examples of contract creation
  • Business models for contract use
  • Understanding the fundamentals of signing a contract

Day 2:

Risk Management in Contract

  • Methodology of contract management
  • Methodology of guarantee and insurance in contract
  • Risk and performance management in contract
  • Suspension, warranties and termination of a contract

Day 3:

Change and Variation in a Contract

  • Changes in a contract
  • Understanding the transfer of rights agreements in a contract
  • Understanding the changes in the scope of work and variation clauses in a contract
  • Understanding “Novation”- adding a new contract in place of an old one, and its management and methodology
  • Methods for dispute management
  • Termination of a contract and how to control

Day 4:

Security of a Contract Agreement

  • Understanding of the standard form of a contract document
  • Understanding the international standard contract form of an agreement
  • Understanding of security in a contract agreement
  • How to manage payment risk in a contract?
  • Payment assurance through Bonds, guarantees and letters of assurance
  • Solutions for rapid risk management

Day 5:

Management of Conflict and “How to solve them”

  • Understanding on how to create contracts for avoiding conflicts
  • Steps for solving multi-level conflict
  • Steps for contract negotiation
  • Importance of Laws and contracts and Litigation and Arbitration in a contract
  • Process of conflict management
  • Review of the course and “Question and Answer session”
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