- Locations: Sheikh Zayed Rd - Dubai Al Mushrif - Abu Dhabi Al Wurud - Riyadh Kuala Lumpur
- Duration: 5 Days
Course details
Sourcing contracts can consist of anything from a brief document with a price list attached, to hundreds of pages of legal documentation, terms, schedules, and flow charts. Initiating and managing contracts can be a complex process that requires a thorough understanding of specific planning and procurement activities. Successful sourcing relationships are based on careful and detailed preparation before the contract is signed. Both parties need a clear understanding of the type of relationship desired. Therefore, contract management is a systematic process in the purchasing and selling of services and products that involves specific phases and associated activities, including: Planning and Procurement, award and implementation.Choosing the right Contract Strategy is the primary factor in determining contractor performance. It defines the way work will be allocated among contractors, the type of contractors to use, form of contracts (, lump sum or reimbursable cost), the allocation of risks, and how benefits or incentives will be used. Contract strategies are unique to each project, and must reflect cost and savings objectives, the level of scope definition, prevailing market conditions, technology involved, people to be managed, location, specialized skills and services required, and the allocation of responsibilities between owner/proprietor and contractor.
Course Objectives:
By the end of the course, participants will be able to/will have :
- Gained an advanced knowledge on contract management and apply its proven techniques, tools and procedures on planning, strategy, development, legal, negotiation, disputes, claims, counter claims, risk and administration
- Selected the most appropriate contract strategy
- Designed the contract to mitigate the risk of disputes and design a dispute resolution system
- Selected the most suitable contractor and establish the responsibility matrix
- Discussed the project life cycle and the opportunities available in forming an effective approach to contract strategy
- Explained the effect of various organizational roles and their impact on the management and execution of the contract
- Improve their understanding of various types of contracts and the suitability of each one to the particular requirements of the client and contractor
- Create, maintain and enhance effective working relationships through consideration of more collaborative working, joint venture, partnering and alliances
- Apply the contracting policies applicable, and operational aspects of project management in the industrial and commercial environment
- Improve the understanding of contract risk in projects and the development of effective contingency arrangements
- Apply the methods used in review of project performance
- Develop effective management of project handover
- Obtain an awareness of the legal implications of the contracting process and apply an appropriate remedy for disputes resolution and minimization of conflict
Managers and executives in the procurement, finance, legal, risk and supplier relations department
Engineers, administrators and others involved in an operational capacity with contractors and suppliers. Updated on 17 June, 2021
Job roles this course is suitable for:
Project Procurement Manager , Finance Director , Finance Officer , Head of Legal , Director , Enterprise Risk Management , Supplier Management Manager , Supplier Development ManagerCourse Location
About Zoe Talent Solutions
ZOE Talent Solutions is a global training and consulting firm that has been serving leading businesses in many countries. We specialise in capacity building and talent development solutions for individuals and organisations, through our highly customised courses and training sessions, in a wide array of disciplines.
ZOE assists organisations in identifying their most important goals, and guides management teams by working closely with each member, in making lasting improvements to their performance. This process thus promises a definite increase in revenue and savings and a higher Return On Investment (ROI). Over nearly a decade, our team has built a globally recommendable enterprise uniquely equipped skills including and not limited to coaching, facilitation , counselling and strategising.
The highly committed and experienced professionals at ZOE provide their clients with highest available quality in training and capacity building at competitive prices, attached with a unique flexibility to suit the needs of their clients.
Our primary focus is ‘Complete Client Satisfaction’. This forms the basis of our work philosophy, culture and everything we do. Our success has allowed us to under-take an increasingly higher volume of projects recently. Winning the trust of our clients each time, is what motivates us to strive towards an unparalleled excellence.
We triumph by working closely with every organisation to unlock the power in their people and ensure that our training solutions satisfy their learning and development needs, as well as maximise their business success.
ZOE has comprehensive knowledge and experience in Employee and Organisational Development. This, coupled with the commitment to supply innovative and leading Growth Solutions, has seen us continue to grow consistently, even in the face of adverse market conditions.
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