Home » Courses » Contracts Management » The Essentials of Contracting and Contract Negotiation
10 Days
Training
Date Venue Fees(USD) Book your seat
10 - 21 Nov 2019 Dubai - UAE $9,900 Book Now
08 - 19 Mar 2020 Dubai - UAE $9,900 Book Now
09 - 20 Aug 2020 Dubai - UAE $9,900 Book Now
08 - 19 Nov 2020 Dubai - UAE $9,900 Book Now

Why Choose this Training Course?

The Essentials of Contracting and Contract Negotiation training course scheduled to be presented in Dubai will help delegates to develop their ability to negotiate contracts effectively. It will equip them with a range of interpersonal skills, and appreciation of the elements of planning and objective setting in negotiations. There will be an opportunity for delegates to carry out a self-assessment of their skills in key areas of negotiation including team negotiations.

Every day significant monies are made and lost by organizations as a result of the contractual terms and conditions governing contracts for the purchase of goods, equipment, and services. Since all business activities are governed by contractual relationships, it is increasingly important for all those dealing with outside organizations to have an understanding of how to obtain the best possible agreement for their organization.

This AZTech training course will feature:

  • How contracts are created and the main clauses that appear in contracts
  • Alternative contracting strategies and structures
  • Methods to be used in negotiating contracts
  • Commercial issues arising from business agreements written in the English language
  • Negotiating  contractual variations and claims

The Structure

This comprehensive AZTech training course consists of two modules which can be booked as a 10 Day Training event, or as individual, 5 Day courses.

Module 1 - The Essentials of Contracting

Module 2 - Negotiating & Dispute Resolutions

What are the Goals?

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

  • Understand how contracts are formed
  • Explain how to use contract provisions to reduce the risk of disputes
  • Understand the impact dispute may have on relationships over the long term
  • Describe the use of strategies to resolve the causes of disputes
  • Improve appreciation of legal issues in contracts and develop new skills in negotiation

Who is this Training Course for?

This training course will benefit all levels of personnel in contracts and project management, purchasing, supply and procurement. It will enable them to enhance their understanding of different contracting strategies and structures in a variety of applications.

This AZTech training course is suitable to a wide range of professionals but will greatly benefit:

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

How will this Training Course be Presented?

This 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 level of participant discussion, group interaction, delegate group exercises and case studies. Materials include existing contemporary English language contracts in many jurisdictions. 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

Module 1: The Essentials of Contracting

Day One – Choosing the Right Procurement Strategy

  • Key Considerations in Choosing Strategy
  • Issues that Impact on Choice
  • Key Delivery Models
  • Principal Compensation Models
  • Sourcing Strategies
  • Type and Forms of Contract

 

Day Two – Appraisal and Implementation

  • Why, What and How to Procure
  • Selection and Evaluation Criteria
  • Cost and Pricing – Models and Analyses
  • Validity and Objectives of the Contract
  • Managing Supply Chain Risk
  • Navigating Negotiations - Tools and Techniques

 

Day Three – Principal Issues and Their Management

  • Process of Risk Management
  • Dealing with Design Liability
  • Achieving Quality and Standard of Performance
  • Managing Time and Completion Risk
  • Using Indemnities and Insurance
  • Choosing Governing Law and Jurisdiction

 

Day Four - Managing Performance and Changes

  • Assignment, Novation and Subcontracting
  • Implications of Changing Requirements
  • Managing Events External to the Contract
  • Setting Standards of Performance and Monitoring
  • Using Different Types of Security
  • Other Default Mechanisms

 

Day Five – Contract Close Out and Conflict Management

  • Completion and Close Out
  • Minimising Disputes through the Contract
  • Types and Assessment of Claims
  • Tiered Dispute Resolution Mechanisms
  • Consideration of other Resolution Processes
  • Arbitration and Litigation

 

Module 2: Negotiating & Dispute Resolutions

Day Six: Finding a Collaborative Position When Aiming for Agreement

  • The basis of a negotiated settlement
  • Disputes and the need for resolution
  • The place of negotiation in the contractual resolution process
  • Distributive and integrative approach to negotiations
  • Emotion, understanding and perceptions                                         
  • Ethics and the impact on the negotiation process

 

Day Seven: Strategic Approaches to Negotiating Required Outcomes

  • Preparation and goal setting to maintain focus
  • The key stages in planning a negotiation
  • Information needs and sources of negotiation power
  • Taking positions during the negotiation process
  • Drafting your proposal which will open the discussion
  • The discussion and importance of timing when closing deals

 

Day Eight: Negotiation Relationships and Team Dynamics

  • Non-verbal communication and the interpretation of body language
  • Communication skill models used in negotiation                 
  • Proposals, influence and persuasion
  • Establishing commitment
  • Building the negotiating team
  • Managing multi-party negotiations                           

 

Day Nine: The Impact of Culture on the Negotiation Process

  • Interests, positions and escalation
  • Why are international negotiations different?                                             
  • The influence of cultural on negotiation                                                       
  • Stakeholder power behind the interests in negotiation
  • Ploys and tactics and how to respond effectively
  • Negotiation best practice                                                      

 

Day Ten: Resolving Differences and Difficult Situations

  • The negotiator as a mediator in the process
  • Handling difficult negotiators
  • Negotiation case study
  • Team allocation and simulation exercise
  • The Do’s and Don’ts of Negotiating
  • Improving what we do - action planning

The Certificate

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

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