Strategic Project Contracting: Essential Toolkit for Leaders
Introduction
This course equips professionals with the knowledge and tools to understand, negotiate, and manage contracts effectively. Participants will explore how contracts are created, the critical clauses they contain, and various contracting strategies and structures. Practical negotiation techniques will be emphasised, particularly in handling variations, claims, and dispute resolution. With a focus on commercial issues in English-language agreements, the program highlights strategies applicable across multiple industries and international contexts.
This course will feature:
* Understanding how contracts are created and structured
* Exploring the main clauses and provisions in contracts
* Applying alternative contracting strategies and models
* Using negotiation techniques to handle variations and claims
* Managing day-to-day commercial issues arising from business agreements
Objectives
By the end of this course, participants will be able to:
* Understand how contracts are formed and validated
* Analyse the implications of major contract clauses
* Develop skills to negotiate contracts and resolve disputes
* Transfer and mitigate risk through different contract types
* Apply contract provisions to minimize disputes and ensure compliance
Course Content
Day One: How Contracts are Formed
* Reasons for using contracts
* Principles of contract formation
* Formalities and requirements for enforceability
* Authority to sign and agency principles
* Basic contractual structures and business models
* Types of contracts for different organizational needs
Day Two: Managing Risk Through Main Contract Provisions
* Hierarchy of contract terms
* Warranty, indemnity, and insurance provisions
* Distribution of risk and performance obligations
* Termination, suspension, and force majeure clauses
* Selecting governing law and jurisdiction
* Collateral warranties and entire agreement provisions
Day Three: Changes, Variations, and Claims
* Contract change mechanisms
* Assignment vs. novation of rights and obligations
* Variation clauses and managing scope changes
* Strategies for controlling and managing change
* Minimising claims, disputes, delay, and disruption
Day Four: Standardization and Performance Security
* Standard form contracts and their global applications
* International standard agreements
* Bonds, guarantees, and letters of assurance
* Managing payment risk and ownership reservation
* Remedies for default: rework, damages, penalties, and performance measures
Day Five: Dispute Resolution and Conflict Management
* Using contracts proactively to avoid disputes
* Tiered dispute resolution mechanisms
* Drafting contract clauses that encourage negotiation
* Litigation vs. arbitration: when to use each
* Mediation and modern dispute resolution processes
* Course review and strategic analysis
Enquiries and Registration
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
