We currently have no scheduled session for this Course. If you are interested in running this course, please contact our Training Department at firstname.lastname@example.org
Why Choose this Training Course?
Why Choose this Course?
This course is intended to allow professionals and managers with a background other than law or contracts to better understand the processes and issues involved with contracting, and therefore improve their overall management skills. Every organisation relies on contracts to protect the interests of the company and manage risk effectively. It is imperative that everyone in the organisation understands the issues and processes involved in a contracting scenario.
This course will feature:
The benefits of understanding contracts
How contracts can be developed
Different contracting structures
How contracts allocate and manage risk
Examination of specific contract clauses
What are the Goals?
What are the Goals?
By the end of this course, participants will be able to:
Recognise the structure and purpose of contracts
Show how different structures can be used in different situations
Improve the ability of managers to communicate with contracts personnel
Illustrate some of the pitfalls that exist within commonly-used contract clauses
Construct and control contract negotiations and management
Who is this Training Course for?
Who is this Course for?
This course will benefit all levels of personnel in a contracting scenario. It will enable them to understand the contract and to be aware of the different issues and risks associated with contracting.
This course is suitable to a wide range of professionals but will greatly benefit:
Those from a Project Management or General Management background who do not think they have sufficient understanding of contract issues
Those new to the function, preparing for a major project, or experienced managers looking for a refresher
How will this Training Course be Presented?
How will this be Presented?
This course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes high levels of participant discussion, group interaction, delegate group exercises and case studies. The training is designed to be dynamic and highly interaction as well as educational.
Delegates are encouraged to raise their own issues and problems faced within their industry or organisations for discussion on a confidential basis. There will be time allocated for one to one discussions with the experienced and knowledgeable trainer.
Day One: The Basis of Contracting
Why we use contracts
Legal requirements for a valid contract
Terms and conditions of the contract
Authority to contract
Day Two: Risk and Different Contracting Types
How to assess and manage risk
Traditional contract types
Modern contract types
Bonds and Guarantees
Letters of Intent
Day Three: Major Contract Terms
Obligation to perform
Indemnities and Insurance,
Day Four: Changes and Variations, Payment and Close-out Issues
Changes and Variations
Letters of Credit
Suspension and Termination
Contractual issues on close out
Day Five: Negotiation, Avoidance and Resolution of Disputes
Negotiation, compromise and settlement
Dispute Review Boards
On successful completion of this training course, a PetroKnowledge Certificate will be
awarded to the delegates