Distilling the Essence of Contacting
Participants in AZTech’s training course, “The Essentials of Contracting,” recently gathered to explore key topics in crafting, modifying, and ending contracts—crucial skills in the petroleum industry.
Held at the Hilton Hotel, Al Habtoor City in Dubai, the course attracted professionals from Kuwait and Saudi Arabia.
Bill Blakemore, AZTech’s senior consultant, noted, “This course has broad appeal and can be tailored to fit the diverse skills and knowledge of participants from various backgrounds. It’s designed for those without a legal background but is also beneficial for seasoned professionals.”
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The course accommodates both newcomers and experienced participants. Bill explained, “While some attendees have extensive experience with vendors and contractors, others are new. We cover legal fundamentals for beginners and tackle complex legal issues for the more advanced.”
Bill, a former barrister, enjoys discussing controversial topics like liquidated damages and penalties, stating, “Some participants may view penalties as valid ways to address contractor failures; however, in many jurisdictions, such clauses are unenforceable despite being signed at the project’s start.”
He values active participation, highlighting practical exercises, “I love how engaged participants are with the hands-on exercises. Through role play, they gain memorable experiences that enhance their ability to apply new skills back at work.”
Topics covered include:
- Reasons for contracting out business functions
- Using contracts to manage risk by transferring it from the owner to the contractor
- Utilizing model contract templates
- Negotiating against unfair terms
- Managing changes in work scope
- Employing bonds and guarantees for protection
- Resolving disputes through mediation, arbitration, or adjudication
For more information on this course and future sessions, visit The Essentials of Contracting Course.
