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A highly interactive training course on

The Essentials of Contracting

Key Learning for Contracts Professionals
Coventry Academy - The Essentials of Contracting
5
Days

Course Schedules

 London
 03-07 Feb 2025
 $5,950
 Dubai
 04-08 Aug 2025
 $5,950
 Dubai
 01-05 Dec 2025
 $5,950

Training course overview

Contracts are essential to the economic stability of organizations, acting as key tools for risk management. They define the goals, rights, and responsibilities between parties, helping to minimize exposure to cost overruns, delays, and disputes, while also providing security against performance failures. This Coventry Academy training course is designed to emphasize the critical role of contracts in business operations. It covers how different contract types can balance risk, the legal enforceability of various arrangements, and strategies to protect your organization from potential issues. Additionally, the course includes valuable negotiation tips and techniques to enhance contract management.

What are the goals?

By attending this Coventry Academy training course, you should achieve these goals:

  • Understand How, When and If Contracts are Legally Enforceable
  • How to Transfer Risk Through Different Contracting Strategies
  • How to Use Contract Provisions to Reduce the Risk of Disputes
  • Analyse What Are the Most Appropriate Forms of Security for Performance Failures
  • Develop New or Enhanced Skills in Negotiating Contracts and Claims

Who is this training course for?

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:

  • Project Managers
  • Contracts Officers
  • Supply Chain Staff
  • Financial Professionals

Course Outline

Day One – Choosing the Right Procurement Strategy
  • Key Considerations in Choosing Strategy
  • Issues that Impact on Choice
  • Key Delivery Models
  • Principal Compensation Models
  • Sourcing Strategies
  • Type and Forms of Contract
Day Two – Appraisal and Implementation
  • Why, What and How to Procure
  • Selection and Evaluation Criteria
  • Cost and Pricing – Models and Analyses
  • Validity and Objectives of the Contract
  • Managing Supply Chain Risk
  • Navigating Negotiations - Tools and Techniques
Day Three – Principal Issues and Their Management
  • Process of Risk Management
  • Dealing with Design Liability
  • Achieving Quality and Standard of Performance
  • Managing Time and Completion Risk
  • Using Indemnities and Insurance
  • Choosing Governing Law and Jurisdiction
Day Four - Managing Performance and Changes
  • Assignment, Novation and Subcontracting
  • Implications of Changing Requirements
  • Managing Events External to the Contract
  • Setting Standards of Performance and Monitoring
  • Using Different Types of Security
  • Other Default Mechanisms
Day Five – Contract Close Out and Conflict Management
  • Completion and Close Out
  • Minimising Disputes through the Contract
  • Types and Assessment of Claims
  • Tiered Dispute Resolution Mechanisms
  • Consideration of other Resolution Processes
  • Arbitration and Litigation

The certificate

  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Coventry Academy
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