By attending this  The Essentials of Contracting and Contract Dispute course you will gain the knowledge and skills to:

• Understand how contracts are formed
• Explain how to use contract provisions to reduce the risk of disputes
• Understand the impact dispute may have on relationships over the long term
• Describe the use of strategies to resolve the causes of disputes
• Improve appreciation of legal issues in contracts and develop new skills in negotiation.

The Essentials of Contracting and Contract Dispute Resolution training course is Ideal for :

• Contracts & Contracting Unit Personnel
• Project Professionals
• Procurement & Purchasing Personnel
• Commercial Professionals
• Anyone involved in the management of risk.

Day 1: Importance of Contracts, and How to Prepare?

• Need for contracts and how to prepare
• Laws and regulations in a contract
• Understanding the tender process
• Concept of Law of Agency (Agency Authority)
• Methods of strategic sourcing (alternative sourcing strategies)

Day 2: Documents for Security/ Guarantee

• Understanding of the concept of bonds and guarantees
• Security/guarantee documents for the parent company
• Insurance policies relating to contract
• Importance of financial security
• Performance security in a contract
• Letters of intent in a contract

Day3: Format/Layout of a Contract

• Different forms of agreement
• How to put the terms and conditions in a contract
• Different types of contracts for a project
• Contract for International Trade ( title ownership) and risks associated with it
• Reaction and preparation of notices
• Understanding the legal process

Amendments/Changes to Contract Documents

• Change in clauses to a contract
• How do changes in work affect the project contract?
• How to manage claims? , understanding the reason for claims
• How does a delay in the project affect the project contract?
• Understanding and distinguishing between “Novation” and “Assignment” in a contract

Day 4: Resolving Conflicts/Disputes in a Project Work 

• Understanding how and when disputes occur
• How to avoid conflict?
• Understanding how to negotiate and mediate
• Understanding the concept of “Litigation” and “Arbitration”
• Novel practices of dispute management

Day 5: Resolving Differences and Difficult Situations

• The negotiator as a mediator in the process
• Handling difficult negotiators
• Negotiation case study
• Team allocation and simulation exercise
• The Do’s and Don’ts of Negotiating
• Improving what we do - action planning

BTS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.