Petroknowledge

An Interactive 3 - Day Online Training Course

Managing Contracts after the Pandemic

Getting the Contract Performance, you need in a
Covid-Affected world

Print this Course

Code Date Time Fee($)
OL028 16 - 18 Nov 2020 11:00 to 16:00 Dubai [GMT +4] 2,350
OL028 18 - 20 Jan 2021 11:00 to 16:00 Dubai [GMT +4] 2,350
OL028 23 - 25 Aug 2021 11:00 to 16:00 Dubai [GMT +4] 2,350

*All fees are exclusive of VAT


Why Choose this Online Training Course?

Covid-19 is becoming as much an economic crisis as a public health emergency, with many contractors suffering from broken supply chains, poor cash flow, or legal impediments to performing their contractual obligations. In this unstable world, which has also been compromised by a dramatic drop in the oil price, our previously dependable strategic suppliers are now struggling to deliver the materials, services or works upon which we relied.

At the same time, some of our needs have changed. New requirements have become much more important - perhaps reducing upstream activities, moth-balling uneconomic production, obtaining new types of PPE, or simply cash preservation. The existing contracts for services, production, or manufacturing that had worked so well before the coronavirus, may now need significant modification.  

So how should contract owners adjust to a volatile commercial life after Covid-19? 

This cutting-edge PetroKnowledge Online Training Course takes a clear look at the role of contract management in the new, Post-Covid world. Join colleagues from across the world in a highly participative online three-day event, and rethink the contract management task and plan ahead.


Training Objectives

What are the Goals? 

At the end of this PetroKnowledge Online Training Course , you will learn to:

  • Identify and examine the strategic supply risks that contract owners face as a result of the Coronavirus pandemic.
  • Guide contract owners in their analysis of their major contracts, to ensure they can to protect their organisations if their contracts go wrong. 
  • Analyse the essential elements to include in a commercial agreement to manage the risks of contractor failure.
  • Apply the protective measures that will be in existing contracts, such as contract variation, termination for convenience, or Force Majeure.
  • Address new risks that have appeared, for health & safety, economic or other reasons. 
  • Re-focus their contracts – or even bringing them to an end - to meet new demands and constraints.  
  • Reduce the cost of some contracts compared with what is available in the changed market.
  • Implement new contracts to meet new business requirements on the best terms we can get.

Target Audience

Who is this Online Training Course for?  

This PetroKnowledge Online Training Course is suitable for a broad range of people, but will greatly benefit:

  • Contracts Engineers
  • Contracts Administration Professionals
  • Contract Managers
  • Commercial Managers
  • Procurement Department members
  • Anyone responsible for negotiating, drafting and preparing contracts

Training Methods

How will this Online Training Course be Presented?

This PetroKnowledge Online Training Course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.

Daily Agenda

  • Covid-19 – what’s the situation now?
  • Planning for the 90% Economy
  • What are the concurrent challenges facing contractors?
  • The normal objectives from Contract Management
  • What to do when contractors say “I can’t perform”
  • Force Majeure – is it a show-stopper or an opportunity?
  • Why paying in advance may be appropriate?
  • Understanding your own contractual position
  • Negotiating a resolution to obstacles to contract performance
  • Responsible and Fair contractual behaviour 
  • Your contract management action plan checklist for the next 60 days

Certificates

  • On successful completion of this online training course, PetroKnowledge E-Certificate will be awarded to the delegates
  • On successful completion of this PetroKnowledge online training course, E-Certificate with eligible Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates

Related Courses

Reference

Project Management Institute, A Guide to the Project Management Body of Knowledge (PMBOK® Guide), PMBOK® Guide – Sixth Edition (2017).


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Home » Courses » Contracts Management » Managing Contracts after the Pandemic
PetroKnowledge Training


Managing Contracts after the Pandemic
Getting the Contract Performance, you need in a
Covid-Affected world


Code Date Venue Fees
OL028 16 - 18 Nov 2020 N/A $2,350
OL028 18 - 20 Jan 2021 N/A $2,350
OL028 23 - 25 Aug 2021 N/A $2,350



Why Choose this Online Training Course?

Covid-19 is becoming as much an economic crisis as a public health emergency, with many contractors suffering from broken supply chains, poor cash flow, or legal impediments to performing their contractual obligations. In this unstable world, which has also been compromised by a dramatic drop in the oil price, our previously dependable strategic suppliers are now struggling to deliver the materials, services or works upon which we relied.

At the same time, some of our needs have changed. New requirements have become much more important - perhaps reducing upstream activities, moth-balling uneconomic production, obtaining new types of PPE, or simply cash preservation. The existing contracts for services, production, or manufacturing that had worked so well before the coronavirus, may now need significant modification.  

So how should contract owners adjust to a volatile commercial life after Covid-19? 

This cutting-edge PetroKnowledge Online Training Course takes a clear look at the role of contract management in the new, Post-Covid world. Join colleagues from across the world in a highly participative online three-day event, and rethink the contract management task and plan ahead.


Training Objectives

What are the Goals? 

At the end of this PetroKnowledge Online Training Course , you will learn to:

Target Audience

Who is this Online Training Course for?  

This PetroKnowledge Online Training Course is suitable for a broad range of people, but will greatly benefit:

Training Methods

How will this Online Training Course be Presented?

This PetroKnowledge Online Training Course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.

Daily Agenda

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© 2020. Material published by Petroknowledge shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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