Effective Project Contracting

An Intensive 5 - Day Online Training Course

Effective Project Contracting

Strategy to Implementation

PMI® Registered training
PMI® Registered training

Scheduled Dates

13 - 17 Mar 2022 Online $2,950
23 - 27 Oct 2022 Online $2,950

Are the scheduled dates matching with your needs?

If not, please visit our In-house and course customization area, every course is eligible to be conducted at your own pace.

Why Choose this Training Course?

Why Choose this Online Training Course?

Project contracting arrangements play a vital role in the successful execution of the project; identifying and effectively managing the key risk areas can reduce costs and the potential for disputes, thus improving the efficiency of your organisation.

This highly interactive PetroKnowledge Effective Project Contracting online training course identifies how your organisation can balance risk through the use of the most appropriate contracting strategy for your project, and focuses on how best to deal with key liability issues to bring your projects within time and budget. It also features how to monitor and manage performance failures, and provides tools, tips and techniques on effective resolution of disputes to minimize cost and reputational risk exposure to your organisation.

This PetroKnowledge online training course will feature:

  • The use of different procurement and contracting strategies
  • Handling key risk areas in the procurement process
  • Managing principal liability issues
  • How change can be best managed
  • Ways to deal with performance failures
  • Managing claims and resolving disputes

What are the Goals?

What are the Goals?

By the end of this PetroKnowledge online training course, participants will be able to:

  • Identify the most appropriate contracting strategy
  • Assess and manage key contractual risks
  • Recognize the causes of, and how to deal with change
  • Compare ways of dealing with performance failures
  • Evaluate the most appropriate course of action when disputes arise

Who is this Training Course for?

Who is this Online Training Course for?

This Effective Project Contracting online training course will benefit all levels of personnel involved in any aspect of project procurement and implementation. It will enable a broad range of disciplines to appreciate and understand effective project contracting.

How will this Training Course be Presented?

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.

Organisational Impact

Projects often require complex contractual arrangements, assessing the issues and how to deal with them can be a daunting task.

Your organisation will benefit by:

  • Expanding traditional procurement options to promote project goals
  • Developing an appreciation of the risks of using different types of contracting strategy
  • Enhancing internal capacity to assess and manage key contractual risks
  • Minimizing the time and cost impact of changes and external events
  • Ensuring better monitoring and managing of performance issues
  • Exploring alternative ways of reducing the impact of disputes

Personal Impact

Attendees will gain by participation in this PetroKnowledge Effective Project Contracting online training course as a result of:

  • Broadening your knowledge of a variety of project delivery strategies
  • Extending your understanding of key risk areas and their management
  • Improving your knowledge of contract and relationship management
  • Enhancing your ability to deal with changes and external events
  • Developing your knowledge of monitoring and managing performance failures
  • Boosting your confidence in dealing with contractual issues and disputes

What will you Achieve?

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

PMI® Registered Training Course

The Registered Education Provider (R.E.P. ID:4349) status with the Project Management Institute (PMI®) enables PetroKnowledge to issue applicable Professional Development Hours/Units (PDHs/PDUs) to participants on our Project Management oriented training courses, to help them achieve or maintain PMI® professional credentials.

Daily Agenda

Day One: Selecting Project Delivery Route  

  • Key Principles
  • Factors Influencing Selection
  • Key Procurement Strategies and Delivery Routes
  • Procurement Stages
  • Funding and Level of Risk Transfer
  • Forms of Contract

Day Two: Project Procurement Process 

  • Defining Requirements
  • Distinguishing Selection and Award Criteria
  • Pricing Models
  • Cost and Price Analyses
  • Managing Supply Chain Risk
  • Exposure to Bribery and Corruption

Day Three: Key Liability Issues and Managing the Risks  

  • Management of Risk Process
  • Principal Performance Obligations
  • Cost, Pricing and Payment Risk
  • Indemnities and Insurance
  • Selecting the Appropriate Governing Law
  • Contract and Relationship Management

Day Four: Managing Change and Performance Failures  

  • Scope Creep
  • External Factors Affecting Performance
  • Performance Standards and Monitoring
  • Re-work, Re-Performance and Damages
  • Using Bonds, Warranties and Guarantees
  • Suspension and Termination

Day Five: Managing Claims and Disputes  

  • Assessing Claims
  • Using the Contract to Manage Disputes
  • Negotiation Tools and Techniques
  • Formal Dispute Resolution
  • Alternative Dispute Resolution Processes
  • Course Review and Learning Outcome

Frequently Asked Questions

How can I register for a training course?

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 56 222 7795 | +971 4 567 1530 or send an email to reg@petroknowledge.com

When and how do I arrange payments?

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

When should I expect to receive confirmation of registration?

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

Is there a discount for more than one registrant/course?

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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