Course details
One of the major functions of contracting is to ensure that risks to owners and contractor are identified and managed in a way that both parties are satisfied with the project outcome. While a contract cannot, of itself, make risk "go away", it can, and should, identify the risks, determine who is responsible for managing each individual risk, and for the consequences should the risk occur.
The following are the highlights of the seminar:
- Critical understandings of the risk mitigation process
- Knowledge to move contracts from the tactical to a more important strategic focus
- Ability to identify risks that can arise
- Skills in allocating contract and procurement risk
- Examples of Contract Terms and Conditions which allocate risk
Who should take this Seminar?
- Contracts, Tendering, Purchasing, Procurement and Project Personnel
- Contract Administration, Engineering, Operational & Maintenance Personnel
- Risk, Claims, Financial and Audit Personnel
- Individual involved in planning, evaluation, preparation & management of tenders, specifications, awards and contracts that cover materials, equipments and services
About GLOMACS Training & Consultancy
GLOMACS has a passion for excellence and operates under the highest of business and ethical standards. We are proud to have earned recognition as an ISO 9001:2015 and ISO 29990:2010 Certified Training and Consultancy Company.
GLOMACS leading-edge training courses provide business professionals the skills they need to develop their competency, improve their performance, and drive business success. Our talented team of international instructors have exceptional credentials complemented by practical, real-world experience.
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