Legal Writing and Drafting Skills
01/11/2024Advanced Contracts, Project Risk Management & Compliance
01/11/2024Mastering Contract Management and Administration
£4,000.00
Overview:
Contracts play a pivotal role in business profitability, establishing clear terms for both parties involved and defining mutual obligations. Effective contract management and administration foster strong business relationships, drive revenue, control expenses, and secure successful outcomes. This comprehensive training equips participants with essential skills to manage and oversee contracts, ensuring compliance, minimizing risk, and aligning contract outcomes with organizational goals.
Program Objectives:
Upon completing this Mastering Contract Management and Administration course, participants will be able to:
- Recognize the critical role of contract administration in enhancing business performance
- Identify and mitigate contractual risks throughout the contract lifecycle
- Manage changes and risks effectively during contract execution
- Negotiate effectively within contractual contexts
- Draft and interpret essential contractual terms and conditions
- Utilize alternative dispute resolution (ADR) techniques to resolve conflicts efficiently
- Understand tendering processes and pricing structures
- Apply practical skills in risk management and dispute resolution
Target Audience:
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- Project Managers and Executives
- Contract Managers and Engineers
- Purchasing Managers and Executives
- Sales Managers and Executives
- Commercial Managers and Executives
Program Outline:
Day 1: Foundations of Effective Contract Management
- Understanding organizational objectives in contract management.
- Developing commercial awareness and building strong business relationships.
- Key skills and expertise for contract management success.
- Legal basics: contract validity, conditions, and warranties.
- Essentials of contract formation: offer, acceptance, and tenders.
- Navigating key legal concepts: statute law, defects, negligence, and delivery timelines.
Day 2: Essentials of Contract Drafting
- Strategic thinking in contract drafting.
- Defining objectives and overcoming communication barriers.
- Crafting precise and effective contractual language.
- Closing loopholes: importance of defined terms and specific language.
- Addressing sub-contracting and termination clauses effectively.
- Recognizing common pitfalls in contract language.
Day 3: Managing Risks, Rules, and Contractual Relationships
- Conducting a comprehensive risk analysis for contracts.
- Strategies for managing operational changes and external influences.
- Identifying and handling financial, technical, and environmental risks.
- Risk planning pre- and post-contract and strategies for risk sharing.
- Contract scenarios: time and materials, fixed price, liability limits, and associated costs.
Day 4: Navigating Contract Terms and Effective Administration
- Handling complex contract terms and conditions.
- Understanding partnerships: consortia, joint ventures, and collaborations.
- Legal implications of force majeure, jurisdictional choices, and small print.
- Techniques for effective contract administration.
- Setting up early warning systems and conducting post-mortems for continuous improvement.
Day 5: Advanced Negotiation Skills and Conflict Resolution
- Characteristics of successful negotiators and negotiation planning.
- Techniques for achieving win-win outcomes in contract negotiations.
- Closing negotiations effectively and finalizing deals.
- Exploring mediation: purpose, timing, and mediation skills.
- Understanding legal remedies: advantages and limitations of litigation vs. ADR.
- Choosing the right dispute resolution method and maintaining confidentiality.