Home » Courses » Contracts Management » The Essentials of Contracting

Upcoming Sessions

Duration
5 Days
Date Venue Fees(USD) Book your seat
05 - 09 Aug 2018 Dubai - UAE $4,750 Book Now
11 - 15 Nov 2018 Dubai - UAE $4,750 Book Now
10 - 14 Mar 2019 Dubai - UAE $4,950 Book Now

Why Choose this Training Course?

The Essentials of Contracting training course scheduled to be presented in Dubai, is a highly interactive AZTech training course focuses on using differing contracts to balance risk, whether certain arrangements are legally enforceable, and how best to protect your organisation from potential cost and time overruns on contracts. It also features negotiation tips and techniques.

Contracts are the economic lifeblood of all organisations and serve as a primary risk management tool. They set out the objectives parties wish to achieve from a particular relationship; they define that relationship – the parties’ rights and responsibilities to each other, and to third parties. Contracts can be used to minimise exposure to cost and time overruns, potential disputes, and provide forms of security for performance failures.

This AZTech training course will feature:

  • Creating legally enforceable contracts
  • Using different contract structures to achieve different goals
  • Balancing risk distribution between parties
  • Managing performance risk to minimise cost and time impacts
  • Appraising other forms of dispute resolution

 

What are the Goals?

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

  • Understand how, when and if contracts are legally enforceable
  • How to transfer risk through different contracting strategies
  • How to use contract provisions to reduce the risk of disputes
  • Analyse the most appropriate forms of security for performance failures
  • Develop new or enhanced skills in negotiating contracts and claims

 

Who is this Training Course for?

This AZTech training course is suitable to a wide range of professionals but will greatly benefit personnel involved in procurement and contracting, whether new or experienced in their roles. These may include:

  • Contracts & Contracting Unit Professionals
  • Project Professionals
  • Procurement & Purchasing Staff
  • Commercial Professionals
  • Anyone involved in the management of risk
  • Finance Professionals

 

How will this Training Course be Presented?

This AZTech training course will utilise a variety of proven adult training 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. Delegates will be encouraged to raise their own issues and problems faced within their industry or organisations for discussion on a confidential basis.

 

The Course Content

Day One: Function, Formation, and Validity of Contracts

  • Key Principles and Reasons for Contracting
  • Choosing the Right Strategy
  • Forming the Contract on Your Terms
  • Structure, Format and Incorporation of Documents
  • Which Law and Legal Forum
  • Use of International Standard Forms

 

Day Two: Key Contract Provisions and Associated Issues

  • Distribution of Risk and Performance Obligations
  • Programming and Completion
  • Delivery in the Cargo Industry
  • Liabilities, Indemnities and Insurance
  • External Events/Force Majeure
  • Suspension and Termination

 

Day Three: Changes and Variations

  • Changes to the Contract
  • Transfer or Rights: Assignment and Novation
  • Variations to Scope Requirements
  • Controlling and Managing Change
  • Minimising Claims and Disputes
  • Delay and Disruption

 

Day Four: Payment and Securing Performance

  • Price and Payment Terms
  • Managing Payment Risk
  • Bonds, Guarantees and Warranties
  • Reservation of Ownership
  • Managing Performance
  • Remedies for Default

 

Day Five: Dispute Resolution and Conflict Management

  • Minimising Disputes
  • Negotiation, Compromise, Settlement
  • Tiered Dispute Resolution Mechanisms
  • Alternative Dispute Resolution Processes
  • Litigation and Arbitration
  • Course Review and Learning Outcomes

 

The Certificate

  • AZTech Certificate of Completion for delegates who attend and complete the training course

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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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Aztech Training & Consultancy
AZTech Training & Consultancy
P.O. Box: 74716 Dubai,
United Arab Emirates

Toll Free: 800-AZTECH (800 298324)
Tel: +971 4 427 5400
Fax: +971 4 427 5401
Email: info@aztechtraining.com