Contract Professional Training
£4800.00
Overview
In every organisation, the foundation of business activities rests upon the creation, drafting, negotiation, and management of contracts. Those engaged in the contracting process are now expected to act as contract professionals, recognising that contracts are no longer merely an adjunct to their primary roles. The increasing complexity of contracts, especially in international contexts, underscores the vital need for such skills.
With these considerations in mind, the 5-day Contract Professional Training course, offered by Al-Majd Pathways Centre (APC), is meticulously designed to:
Scrutinise the fundamentals of contracting, with a special focus on international contracts.
Explore the methods of contract creation, including competitive tendering.
Address key issues in contract drafting, emphasising clarity of language.
Provide insights into preparing for and conducting negotiations, whether concerning contract terms or post-contract claims.
Review significant aspects involved in bringing a contract to closure.
TRAINING OBJECTIVES
The objectives of the APC Contract Professional Training course are:
To gain an in-depth understanding of the nuances of contracts.
To comprehend the applicability of contracts in international contexts.
To explore diverse contract creation methods and strategies tailored to various project types.
To evaluate different contract types.
To analyse the challenges that often arise in contract drafting.
To enhance negotiation skills relevant to contract-related discussions.
To share practical examples of contract management techniques for optimising organisational outcomes.
WHO SHOULD ATTEND?
This intensive training course is suitable for professionals from various industrial sectors and involved in different procurement processes at any contracting stage, including but not limited to:
Engineering
Project Management
Construction
Tendering
Contracts Management
Procurement
Commercial Management
Finance
Whether you are new to this field or preparing for a major project, this course provides a solid foundation. Additionally, experienced managers seeking a refresher will find value in this training.
TRAINING APPROACH
The Contract Professional Training course by Al-Majd Pathways Centre (APC) combines traditional teaching methods with extensive participant involvement. This includes interactive discussions, exercises, and the encouragement of participants to share their own experiences for discussion and debate. Whenever possible, real-world examples and brief case studies from diverse global industries are incorporated to ensure the course's relevance.
TRAINING OUTLINE
Day 1: The Basis of Contracts
Understanding the global fundamentals of contracts
How contracts are formed worldwide
Exchange of promises
Contract formalities, including writing, sealing, and tax considerations
Mental capacity and the age of contracting parties
Status of corporate entities and their authority to contract
Handling issues with foreign parties and agents
Dealing with scenarios where no agreed contract exists
Day 2: Creating a Contract
Exploring competitive tendering and its purpose
Addressing challenges related to competitive tendering
Other procurement methods, such as single/sole sourcing, framework agreements, and negotiated contracts
Diverse contract types, including traditional and innovative approaches
Selecting the right contract type for specific projects
Utilising standard forms, both at the company and international levels
Awarding contracts, including the use of Letters of Intent and Letters of Award
Considering conditions precedent and conditions subsequent
Managing collateral documents, including bonds, guarantees, and insurance arrangements
Conducting bidder de-briefings and kick-off meetings
Day 3: Drafting Contracts
Emphasising the importance of clear language in contract drafting
Addressing translation challenges
Exploring critical clauses, such as those related to health, safety, and the environment; work/product/service standards; scope of work changes; indemnities; insurance; delivery timelines; liquidated damages/penalties; force majeure; limitation of liability; warranty and guarantee periods; suspension and termination
The concept of the entire agreement
Notifying contract parties
Determining applicable law
Engaging in drafting exercises
Day 4: Negotiation
Phases of negotiation, including awarding contracts and addressing disputes
Negotiation techniques and preparation
Strategies for effective negotiation
Handling difficult negotiation counterparts
Negotiation exercises
Dispute resolution methods, including phase negotiation, arbitration, litigation, mediation, expert determination, and other alternative solutions
Addressing international context challenges in dispute resolution
Day 5: Contract Management
Distinguishing between project and contract management roles
Identifying key roles in contract management
Managing document control and change control
Streamlining payment processes
Assessing the impact of delays
International contract issues
Managing contract terminations
Closing out contracts – contractual considerations
Final course review and participant questions
Format: On-site and Online
Language(s): English
Duration: One Week
Certificate of Completion: Upon successful completion of the program, participants will receive a Certificate of Completion from Al-Majd Pathways Centre (APC).