INTRODUCTION TO THE COURSE
The Mastering Contract Management and Administration training course is designed to enhance the expertise of contract management professionals across various industries. This comprehensive training course equips participants with the essential knowledge, skills, and strategies required to excel in contract management and administration.
This KC Academy Mastering Contract Management and Administration training course will focus on:
- Recognizing the significance of effective contract management
- Identifying contractual risks and challenges while implementing strategic solutions
- Managing and optimizing contract negotiations
- Categorizing different contract types and their applications
- Implementing best practices for achieving excellence in contract management
- Structuring and developing well-defined contracts
COURSE DETAILS
Objectives
By the end of the Mastering Contract Management and Administration training course, delegates will be able to:
- Comprehend the critical roles and responsibilities of a contract management professional
- Effectively resolve complex contractual challenges
- Identify and analyze risks associated with contracts
- Implement proven contract management techniques to enhance performance
- Assess and determine the most suitable contract structures for various scenarios
Training Methodology
The Mastering Contract Management and Administration training course, employs a dynamic and interactive learning approach to ensure deep understanding and retention of key concepts. Participants will engage in a variety of proven adult learning techniques, including:
- Facilitated group discussions and individual exercises
- Real-world case studies and scenario analysis
- Interactive role-playing activities to reinforce practical application
- Critical evaluation of contract management theories and strategies
Organisational Impact
By participating in the Mastering Contract Management and Administration training course, Organisations will benefit from:
- A heightened awareness and understanding of contracting policies and their effective implementation
- Enhanced expertise in contract negotiation, risk management, and dispute resolution
- Improved business outcomes through practical, real-world contract management training
- Adoption of innovative techniques and strategic approaches to tackle modern business challenges
- The ability to develop and present proactive contract management plans across teams, departments, and executive leadership
Personal Impact
Attending the Mastering Contract Management and Administration training course will empower participants to:
- Apply strategic planning techniques in contract negotiation, drafting, implementation, and management
- Strengthen business acumen and decision-making skills in critical commercial activities
- Enhance their ability to make informed, strategic decisions in contract management
- Leverage contract principles for risk management and proactive corporate investment
- Utilize diverse techniques to navigate and resolve contract disputes effectively
- Gain valuable, specialized expertise that enhances professional growth and workplace performance
Who should Attend?
The KC Academy Mastering Contract Management and Administration training course, is designed for a wide range of professionals, including:
- Contract Professionals
- Contract Administrators
- Project & Process Engineers / Managers
- Contract Engineers
- Procurement and Purchasing Managers
- Legal Advisors and Counsel
- Risk Management Specialists
- Supply Chain Managers
- Business Development Managers
- Finance and Compliance Professionals
- Team Leaders and Department Heads
- Senior Executives involved in contract oversight and decision-making
DAILY AGENDA
Day 1: Contacting is a lifestyle
- Law of Contract / Pacta Sunt Servanda
- Sources of Obligations
- Definitions of contract
- Essential Elements of a Valid Contract
- Types of Contracts
Day 2: Procurement and Contracting Process
- Policy and procedures
- Objectives
- Competitive Tendering
- Direct Orders
- Negotiated Contracts
- Contractor Pre-Qualification
- Tender Evaluation Committee
- Budget Cover
- Contract Award Philosophy
- Confidentiality
- Business Ethics
- Unsolicited (not invited) Offers
- Company Approved contractors & Vendors
Contract Management Responsibilities
- Contract Administration
- Contract Documentation
- Distribution of Contract Documentation
- Contract Correspondence
- Contract Commencement and Mobilization
- Kick-Off Meeting
- Contract Execution
- Contract expenditure and Contract Value
- Variations to Contract
- Amendments
- Extensions
- Escalation and De-escalation of Rates
- Payments
- Incentives & Penalties
- Volume Discounts
- Removal of all Temporary Structures Upon Completion
- Well Location Hand-Over
Day 3: Contracting Strategies
- Effective Procurement Cycle
- Contract Evaluation Process
- Award
- Risk Matrix
How to build a contract
- Introductory Thoughts to Drafting Contracts Contract Award
- The Lawyer as the Client’s Guide
- Which Side Should Draft?
- Role of the Non-Drafting Lawyer
- Contractual Language
- What makes contractual language special?
- Doublets and Triplets
- Contract Drafting Basics
- Boilerplate Provisions
Day 4: A Contract
- What is a contract?
- Does the following constitute a Contract?
- What are Contract Terms?
Fundamentals of Drafting Contracts
- Areas of Concern
- How to Draft a Term
- The importance of Punctuation
- What is the Battle of Forms?
Contract Discharge/ Contract Close-Out
- Methods of Discharge
- Discharge from Liability
- Remedies for Non-Performance
- Equitable remedies
- What are the components of the damages’ amount?
- Contract Close-Out
- Final acceptance
- Contractor Warranties
- Managing Retention sums
- Administration of final payments
- Negotiating Claims and Disputes
- Close Out Procedures and handover
- Feedback
- Archiving
Group discussion & Quiz
Day 5: Day Five : Dispute Management & Negotiating Claims and Disputes
- Alternative Dispute Resolution(ADR)
- What is a dispute resolution?
- What are the methods of ADR?
- Hybrid Methods of Dispute Resolution
- Arbitration
- The difference between Arbitration Agreement and Arbitration Clause
- Advantages of Arbitration
- Drawbacks of Arbitration
- Appointment of Arbitrator
- The most common Institutional centers in International Commercial Arbitration
- A glance about Dubai International Arbitration Centre DIAC rules and procedures
Certificate
- On successful completion of this training course, KC Academy Certificate will be awarded to the delegates.