International Contracting

Global Sourcing, Selecting Contract Clauses & Successful Completion

Format availability:

In-Person, Online streaming

Duration:

5 Days

Introduction to the course

This KC ACADEMY International Contracting Management training seminar is exclusively and specially designed to provide delegates with an advanced set of skills for dealing with international contracts. International contracting requires a different skill set as organizations need to adhere to different sets of governmental regulations and are subject to separate and distinct laws under disparate legal systems.

International tendering and contractual scenarios require the parties to deal with all manner of additional concerns such as logistics, export and import regulations, differing technical standards, foreign tax issues, payment, and foreign currency exchange. This fast-paced KC ACADEMY International Contracting Management training seminar is specially designed to alert you to the many issues which are involved when one has to work in the international arena. Those who learn how to deal with these issues will add a rich, exciting, and challenging aspect to their career as well as reduced operating costs for their organizations.

This KC ACADEMY training seminar will highlight:

  • International Sourcing Methods
  • Selecting appropriate contract clauses
  • Developing the overall price
  • Risks with global sourcing
  • Dealing with other cultures

Course details

At the end of this KC ACADEMY training seminar, you will learn to:

  • Determine the challenges presented by foreign currency exchange rates
  • Understand how to draft and develop International Contracts
  • Analyze the global sourcing process and methods of finding international suppliers
  • Apply selection criteria for goods and services for global sourcing
  • Learn different approaches to global sourcing and the benefits and disadvantages of each

Participants will be involved in a variety of instructional methods including lectures from an experienced world-class practitioner, hands-on practical exercises, seminar work, team-work, and highly interactive group discussions covering current practices and their relationship to the implementation of new concepts. An innovative and comprehensive electronic course manual and learning tool enabling practical application and reinforcement is provided as part of this KC ACADEMY International Contracting Management training seminar.

Attendees are encouraged to bring real problem examples with them, for discussion on a confidential basis, and to share their experience of particular issues in their company or industry.

The organization will benefit by:

  • Reduced total cost of purchased material, equipment, and services
  • Better outcomes in international transactions
  • Greater productivity resulting from quality goods arriving on time
  • Improved supplier performance
  • Competitive advantage by getting the best values in the world

Attendees will gain by participation in this KC ACADEMY training program as a result of:

  • Increased skill sets in International Contracting and Global Sourcing
  • Broadening of the knowledge-based as a result of international dealings
  • Greater confidence and professionalism
  • Expanded ability to obtain desired outcomes in global sourcing initiatives
  • Increased recognition by the organization due to improved performance

This KC ACADEMY training course is suitable for a wide range of professionals but will greatly benefit:

  • Purchasing, Projects and Contracts Professionals
  • Supply Management, Operations, Maintenance Professionals
  • Engineering and Quality Professionals
  • Project Management Professionals
  • Anyone who is now, or maybe in the future, involved in sourcing goods or services outside their own country and ethical or legal problems arising from differing labour or health and safety standards, etc.

Daily Agenda

DAY 1:
Why Global Sourcing?
  • Why Organizations Outsource?
  • Reasons for Going Global
  • Using Global Sourcing to Penetrate Existing Markets
  • The Global Sourcing Process
  • Process For Selecting Items or Services for Global Sourcing
  • Risks of Global Sourcing
DAY 2:
Global Sourcing Approaches
  • Sourcing Methods 
  • Going Direct
  • Identifying Potential Suppliers
  • Qualifying Potential Suppliers
  • International Tenders
  • Dealing with Other Cultures
DAY 3:
Developing the Landed Cost    
  • International Pricing Issues
  • Currency Issues
  • Taxes and Duties
  • Transportation
  • INCOTERMS – how they impact on price and risk
  • Payment Terms
  • Letters of Credit
DAY 4:
International Terms & Conditions
  • Liquidated Damages and Penalties
  • Bonds and Guarantees
  • Changes and Variations Clauses
  • Conflict of Laws
  • Termination
  • Prevention of Bribery and Corruption
DAY 5:
International Negotiations and Resolution of Disputes 
  • International Negotiations
  • International Contract Administration
  • International Warranty Issues
  • International Dispute Resolution Methods
  • Enforcement of Judgments and Awards in an International Context

Frequently Asked Questions

There are no prerequisites. Our courses are open to students of all backgrounds who are 18 years of age and older. All courses are conducted in English. Video lectures include English subtitles and the option to slow-down, pause, or replay lectures for better retention. Discussion boards are a critical component of each of our courses; therefore, we suggest students have a conversational knowledge of English when pursuing a Certificate of Completion. For any of the art writing courses, students need to be 100% proficient in written English.

You should have an up-to-date web browser such as: Chrome, Safari, Firefox, or Internet Explorer. For more detailed information, please see the guides for supported browsers and basic computer specifications. Our Online Courses can be accessed on a mobile or tablet device, although we strongly encourage you to have access to a desktop or laptop computer and reliable internet connection for certain course components. Former students have told us it is easiest to read discussion threads and complete written assignments on a laptop or desktop computer.

Registration is available on our website. Just follow these simple steps: Click the “Apply Now” button in the top right corner of your screen. Select “Online Courses.” Choose your course(s). You will be asked for basic contact information and your credit card payment. We require full payment at the time of registration and all tuition is billed in US dollars. Be sure to check with your bank or credit card company, as your financial institution may charge a foreign transaction fee.

Our classes are kept small, at no more than 30 students, to better facilitate and encourage personalized interaction with the instructor and fellow participants. Your classmates come from all over the globe and contribute their global perspectives and experience. Some are currently working within the arts while others are just beginning. All classmates share in their passion for the art world.

It is recommended that you begin your course promptly. If you do need to start the course a few days late, contact your instructor as soon as possible after the course has opened to discuss your options. Registration closes on the Friday after the course begins.

Enroll now

Click on a date to enroll and save your seat
Dubai
29 May-02 Jun 2023
Fee: $5,950
Online streaming
28 Aug-01 Sep 2023
Fee: $3,950
London
28 Aug-01 Sep 2023
Fee: $5,950
Amsterdam
27 Nov-01 Dec 2023
Fee: $5,950
Course customization available
Course customization available

This training course is available to be conducted at your own page, at your own time. Request for a quotation now, our training advisor will contact you promptly

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