Contracts are the economic lifeblood of all organisations and serve as a primary risk management tool. They set out the objectives parties wish to achieve from a particular relationship; they define that relationship – the parties’ rights and responsibilities to each other, and to third parties. Contracts can be used to minimise exposure to cost and time overruns, potential disputes, and provide forms of security for performance failures. This Coventry Academy training course has been designed to highlight the importance of contracts in everyday business life. It focuses on using differing contracts to balance risk, whether certain arrangements are legally enforceable, and how best to protect your organisation from potential cost and time overruns on contracts. It also features negotiation tips and techniques.
By attending this Coventry Academy training course, you should achieve these goals:
This Coventry Academy training course is suitable for a wide range of professionals involved in procurement and contracting, and whether new or experienced in their roles. These may include: