MindShift Training Contract Management MindShift Training
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Price: USD 408
USD 680
Instructor led live virtual classroom online. Classes may be individual or in group.

    Course details

    Contract life cycle management "is the process of systematically and efficiently managing contract creation, execution and analysis for maximising operational and financial performance and minimising risk". There are a number of other definitions of contract management, the majority of which refer to post-award activities. Successful contract management, however, is most effective if upstream or pre-award activities are properly carried out.
    Importance of Contract Management
    Organisations in both the public and private sectors are facing increasing pressure to reduce costs and improve financial and operational performance. New regulatory requirements, globalisation, increases in contract volumes and complexity have resulted in an increasing recognition of the importance and benefits of effective contract management. The growing recognition of the need to automate and improve contractual processes and satisfy increasing compliance and analytical needs has also led to an increase in the adoption of more formal and structured contract management procedures and an increase in the availability of software applications designed to address these needs.

    Introduction to Contract Management
    Introduction to Enterprise Contract Management
    Introduction to and benefits of Contract Lifecycle Management
    Key areas of Contract Lifecycle Management
    Contract Management Roles and Responsibilities
    Upstream or pre-award activities
    • Preparing the business case and securing management approval
    • Assembling the project team
    • Developing contract strategy
    • Risk assessment
    Developing contract exit strategy

    Upstream or pre-award activities
    •     Developing a contract management plan
    •     Drafting specifications and requirements
    •     Establishing the form of contract
    •     Establishing pre-qualification, qualification & tendering procedures
    •     Appraising suppliers
    •     Appraising suppliers
    •     Why appraise?
    •     When to appraise?
    •     What should be appraised?
    •     Who should appraise?
    •             How to appraise?

    Evaluating tenders
    Awarding the contract
    Downstream or post-award activities
    •   Changes within the contract
    •   Service delivery management
    •   Relationship management
    •   Contract administration
    •   Assessment of risk
    •   Purchasing organisation's performance & effectiveness review
    •   Contract closure
    •   Lessons learned for the future
    The Contract Agreement
    • Claims avoidance clauses
    Rules for interpreting contracts

    The Communication Process
    • How to reduce or eliminate ambiguity, Guarding against assumptions
    • Project documentation
    The role of professional services
    Benefits of implementing contract lifecycle management solution
    Dispute and Conflict Resolution
    Monitoring, Tracking and Improving Contract Performance
    Typical Major Claims and Causes
    • Expressed vs. Implied contract terms
    • Delays and concurrent delays
    • Changes/modifications and extra work
    • Adverse physical conditions
    Recognizing and Documenting Claims
    • Cost, Time and Event Analysis
    Reserving Contractor's Claims Rights

    Warranty management
    Contract variations
    Pricing principles
    Service provider's obligation to undertake the change
    Systems and procedures
    Record keeping
    Claims Defenses
    • Early Recognition and Analysis
    Factual Defences, Legal Defences
    Analyzing the Claim
    • Entitlement, Cause and Effective, & pricing (Evaluation)
    Negotiating a Settlement
    • Specifying Your Goals and Strategy
    • The Good Faith Essential
    • Negotiating the Final Price and Agreement
    Putting all Issues Together
    • Effective response of claims events
    • Alternative Dispute Resolution (ADR)
    Updated on 02 July, 2020

    About MindShift Training

    MindShift Training & Consulting is an innovative Business Consultancy and Corporate Training firm set up in Dubai, UAE. Mish Training & Consulting is globally present and provides world-class services through its representative offices in UAE, Lebanon, KSA, Qatar, Oman, Jordan, Iraq, UK, Italy & Canada.

    Our talented team of learning experts and consultants create business advantage for our clients by delivering professional training courses and tailored programs in the field of Engineering such as Civil, Electrical, Mechanical, Industrial, Petroleum as well as Architectural, Environment, Finance, and Business Management courses and Soft Skills. Our expert learning and development team create and run training courses designed to educate and motivate delegates.

    We have an excellent reputation in the Middle East region for offering and delivering Professional Project Management Services, Risk Management Services, Value Management and Contracts, Claims and Dispute Resolution for the Oil, Gas and Petroleum Sectors, Construction and Contracting companies, Electricity, Real Estate, IT companies, various government department and private industries.

    MindShift Training offers over 300 Technical & Non-Technical  programs related to  Project Management, Construction Engineering, Contracts &  Claims, Oil & Gas, Electrical, Finance, Leadership & HR, Health & Safety, IT, Customer Service, Personnel Development and many more. See all MindShift Training courses

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