|Code||Start Date||End Date||Location||Venue||Price||Languages||Register|
|PM 115 - 05||15-12-2019||19-12-2019||5 Stars Hotel||Cairo||$ 4750||English||Register|
|PM 115 - 03||25-08-2019||29-08-2019||5 Stars Hotel||London||$ 5500||English||Register|
|PM 115 - 04||24-11-2019||28-11-2019||5 Stars Hotel||Dubai||$ 4750||English||Register|
|PM 115 - 01||12-01-2020||16-01-2020||5 Stars Hotel||Oman||$ 4950||English||Register|
|PM 115 - 01||08-03-2020||12-03-2020||5 Stars Hotel||Indonesia||$ 5450||English||Register|
Minimizing contract risk and increasing contract compliance used to be one of those topics that elicited mild interest at best from oil and gas executives. While it is true that internal audit groups have always spot checked contracts for compliance, most of these groups simply have not had the resources or the compelling motivation to focus on contract compliance as a thorough and ongoing discipline.
The recent oil price collapse, however, has revitalized interest in this characteristically staid subject: companies must cut costs, and reduce erroneous and/or excessive contractor charges as an effective way to save substantial sums. But there is a catch. Oil and gas companies routinely deal with hundreds of contractual relationships across a vastly extended enterprise. Can such complexity be managed in a way that will not overwhelm internal resources? Is overall contract stability even possible in an environment characterized by difficult financial conditions and complicated operating models?
One of the major functions of contracting is to ensure that risks to owners and contractor are identified and managed in a way that both parties are satisfied with the project outcome. While a contract cannot, of itself, make risk go away, it can, and should, identify the risks, determine who is responsible for managing each individual risk, and for the consequences should the risk occur. We have developed this interesting and fast paced seminar to provide participants with:
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.
By the end of this course, delegates will be able to:
Types and Management of Risk
Minimizing and Transferring Risks
Risk Related Terms & Conditions
Dealing with Financial Risks
Remedies When Bad Stuff Happens