Monday 12 July 2021

• Duration: One Week
• City: London
• Fees: Classroom: 3850 GBP / Online: 1925 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”