BTS

Effective Contract Preparation, Strategies, Elements & Concepts

In your day-to-day operations and business dealings, you would invariably come into contact with contracts/agreements as well as terms & conditions contained in many business documents. This course will help you avoid common mistakes and pitfalls in drafting contracts that can cause your company millions in losses. Gain a detailed appreciation of the crucial elements and concepts of contract law and contract formation. Understand and manage key provisions of contracts relating to liability, indemnity limitations, time bars, penalties, damages, caps, jurisdiction, and law clauses which can make or break a contract.

The Training Course Will Highlight ?

The overall aim of this course is to provide participants with the knowledge, concepts and skills needed to perform all the tasks required in the pre-award phase of a contract. The course covers different contract types as well as the various contracting methods including bidding, competitive proposals and sole sourcing. Participants will learn all the processes and activities required for the contract preparation stage and use them as enablers to develop an effective and comprehensive contract.

You will:

Understand crucial elements of contracts / agreements
Know your liabilities, limitations, penalties, etc.
Learn various ways of recovery and loss prevention
Avoid costly mistakes to your business

Training Objective

By the end of this course, delegates will be able to:

Outline the basic elements of contracting
Identify the major steps involved in contract preparation procedures including developing an effective scope of work, terms and conditions and sourcing strategy
Recognize different types of contracts and discuss several contracting strategies including pricing
Develop a pre-award negotiation plan in order to reach a win-win outcome
Use evaluation criteria to select the most appropriate contractors for the project

Target Audience

Procurement Managers, Purchasing Staff, Engineering, Operational and Maintenance Personnel, Contracts Engineers, Administrators, and Managers, Commercial, Financial and Insurance Professionals, Project and General Management, Contracts & Contracting Unit Professionals, Project Professionals, Procurement & Purchasing Staff, Purchasing Professionals and Procurement Officers, Commercial Professionals, Contract Administrators, Contract Administration Professionals, Contract Managers and Contract Professionals, Supply officers, Buyers, Project Coordinator’s, Project Managers and other Project Professionals, Claims Personnel, Legal Advisers, Contract Strategists, Business Audit Officers, Engineers, Project Construction Professionals, Contract Administrators, Contract Professionals and Project Coordinators, Buyers, Purchasing Professionals and Procurement Officers, Contracts Managers, Project Managers, Tenders, Contracts, Buyers, Purchasing, Financial Personnel, Tendering, Purchasing, Project Management Professionals, Engineering, Operational, Trade, Finance, and Maintenance Professionals, all others who are involved in the planning, evaluation, preparation and management of tenders, specifications, awards, and contracts that cover the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities, those from a Project Management or General Management background who do not think they have sufficient understanding of contract issues, those new to the function, preparing for a major project, or experienced managers looking for a refresher, anyone involved in the management of risk, those involved in implementing and administering contracts and handling claims and change orders; also those involved in any conflict or dispute with a contracting party and interested to learn how to avoid or resolve these contractual issues, those involved in contract and business related negotiations, those involved in any aspect of implementing, managing or administering contracts in the post-award phase.

Training Methods

Daily Agenda