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Course details
OverviewThe Introduction to Contracts Management and Formulation course is designed to provide participants with a foundational understanding of contracts their importance and the key principles involved in effectively managing and formulating contracts. This course is suitable for individuals with little or no prior knowledge of contract management and is ideal for professionals seeking to enhance their contract administration skills.
Objective
By the end of this programthe participant will be able to:
- Understand the role and scope of the contract management
- Understand and employ suitable contracting methods
- Be familiar with the different types of contracts
- Select the right type of contracts
- Be able to provide better outcomes from contracts
- Review contract administration techniques
- Explore contract monitoring techniques
- Learn how to get fair treatment in contract changes
- Know how to analyze contracts
- Handle difficult contract management problems
- Discuss contract termination issues
- Learn how to deal with financial problems and their practical solutions.
- How to prepare for claims and disputes
Who Should Attend
- Contract Administrators, Project Coordinators and Contracts Officers and Managers.
- Engineering Project Managers, Construction Managers and Tenders Managers.
- Buyers, Purchasing Managers and Project Managers.
Course Outlines
Day 1
- Effective Contract Management
- The Most Critical Elements
- Key Players In Contract Administration
- Analysis Of The Contract
- Establishing Major Deliverables
Day 2
- What Needs To Be Measured?
- The Most Critical Elements
- Typical Outputs Of Contract Management
- Monitoring Techniques
- Identify The Risk
- Responses To Risk
Day 3
- Contract Types
- Administration In Cost Type Contracts
- Economic Price Adjustments
- Maintaining Contract Schedules
- Major Causes Of Changes
- Contract Price Change
Day 4
- Evaluating Price Changes
- Practical Considerations for Bonds & Guarantees
- Types of Bonds and Guarantees
- Contract termination issues
Day 5
- Financial problems and their practical solutions.
- Claims and disputes
- Case studies
Job roles this course is suitable for:
Contract , Administrators , Coordinators , Engineering , Construction , Tenders , Buyers , PurchasingAbout London Training For Excellence
Empowering Professionals for Over a Decade
London Training for Excellence is a leading provider of professional development programmes, established in 2013. For over eleven years, we have been committed to equipping individuals and organisations with the skills and knowledge they need to excel in today's ever-evolving business landscape.
A Breadth of Expertise
We offer a comprehensive range of training solutions across a diverse set of industries, including:
- Artificial Intelligence (AI): Stay ahead of the curve with cutting-edge training on AI applications, machine learning and data analysis.
- Contact Management: Learn best practices for building and nurturing relationships, managing communication workflows and leveraging technology to optimise your outreach efforts.
- Engineering: Enhance your technical expertise and stay current with the latest advancements in various engineering fields.
- Finance and Legal: Gain a deep understanding of financial concepts, legal frameworks and compliance requirements.
- Human Resources: Navigate the complexities of HR practices, from recruitment and onboarding to employee relations and performance management.
- Leadership and Management: Develop your leadership skills, communication techniques and team-building strategies.
- Logistics: Optimise your supply chain operations and ensure efficient delivery of goods and services.
- Marketing and Sales: Develop effective marketing strategies, hone your sales skills and drive business growth.
- Oil and Gas: Gain specialised knowledge and skills relevant to the oil and gas industry.
- Project Management: Master the art of project planning, execution and delivery to ensure successful project outcomes.
Our Approach
At London Training for Excellence, we believe in delivering high-quality, interactive training programmes that cater to diverse learning styles. Our experienced instructors are industry experts who combine theoretical knowledge with practical application.
Flexible Learning Solutions
We understand that busy professionals require flexible learning options. We offer a variety of delivery methods to suit your needs, including:
- In-person training: provides more significant face-to-face interaction. In a classroom setting, attendees can connect in real-time. In-person training also offers more opportunities for group activities and interactive projects.
- Online Courses: Our comprehensive online courses allow you to learn comfortably in your working environment.
- In-Company Training: Tailor training programmes specifically for your organisation's needs and deliver them on-site for maximum impact and employee convenience.
Investing in Your Success
By investing in training and development with London Training for Excellence, you will gain the knowledge and skills necessary to achieve your professional goals and contribute to the success of your organisation.
Contact Us Today
Let London Training for Excellence help you unlock your full potential and drive positive organisational change. Contact us today to discuss your training needs and explore how we can empower your workforce for the future.
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