Contract Planning & Dispute Management for Project & Contract Managers
Course Code: EM05
Course Objective
- Develop project plans with a focus on achieving sustainable benefits.
- Leading the project team towards the use of contracts and project delivery.
- Managing relationships with stakeholders and contracting parties.
- Deepening understanding of the importance of contracts for companies.
- Application of the latest international dispute settlement ideas.
Target Audience
- Contractors, subcontractors
- architects, engineers, business owners, developers, supplies
- Contract managers
- Consultants
- Public sector employees and public institutions
- Financiers
- Bankers
- Legal advisers and arbitrators
- Insurance agents
Course Outline
What is meant by contracts and how to prepare a contract
- The importance of contractual relations.
- Requirements for preparing the right contract, in terms of elements and formal procedures.
- Power and agency.
- Bidding process.
- Provision of alternative sources.
- Contractability for implementation, with special emphasis on the international context.
Structure of contracts
- Form of agreement.
- Hierarchy of terms and conditions.
- Different contractual structures - traditional and modern.
- Risk and position (ownership) in international trade and transferability.
- Notifications and formal procedures.
- Identification of laws and courts concerned.
Annexes
- Set performance commitments.
- Bonds and guarantees.
- Parent company's collateral.
- Letters of intent, letters of reassurance, and letters of awareness.
- Insurance policies.
- Assess the need for financial security.
Variations and Variables
- Differences in contract documents.
- Explanation and definition of replacement of obligation and assignment of liability.
- Variables of contract clauses and variations in scope of work.
- Claims and how they arise.
- Delay and disable.
- Compulsive circumstances.
Settlement of disputes
- Conflict avoidance, multi-level items used to settle disputes.
- Negotiation.
- Litigation.
- Arbitration.
- Mediation, early neutral evaluation ENE,
- Best practices in conflict resolution and management.
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