Course duration
Two days
This two-day course requires some preparation light reading before attending. There is also overnight work in preparation for the next day.
Content
The inherent Risks in Managing Contracts
- Introduction
- Contract management and project management lifecylces
- Contracting risks at each of the major stages
Negotiation Risks
- Negotiating for successful contractual outcomes
- Unwrapping key negotiation styles and phases
- Leveraging your bargaining power – common issues faced by inexperienced negotiators
Financial Roles
- The key financial responsibility for both buyer and suppliers
- Costing the acquisition of goods and services and variations
- Mitigating leakages dur to suppler non-performance
Legal Issues
- Key operational issues including breach and remedies
- Other laws that effect a contract
- Key parts of a contract
- Types of contractual terms
- Common legal problems faced by non-lawyer
Managing Contracting Risk
- Identification and mitigation of key contract issues
- Risk in the procurement (including tendering) and contract management phases
- Understanding the goods and services supply chain
Putting it all together
- Costing variations
- Identify key commercial contract risks in their area
- Assess their contract risks
- Create an action plan to mitigate the risks.
This course requires participants to be working with contracts as part of their role.
