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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
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
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
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
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
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 One:
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 Two:
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 Three:
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 Four:
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 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
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
Course customization available
Course customization available
This training course is available to be conducted at your own pace & at your own time. Request for a quotation now and our training advisor will contact you shortly
