Fundamentals of Contract Management
Start from the basics: what a contract is, the types and contracting methods available, and the clauses that carry the risk. Participants learn to read what the upstream phase has passed down, judge how a supplier is likely to perform, and recognise the elements of a legally sound agreement.
This subject may be offered at different levels; scope, depth and prerequisites are confirmed for the selected programme.
- What is a contract? Analyzing the types of contracts. - Examining the contracting methods, Having a clear knowledge of contractual clauses. - Understanding what has been passed from the upstream phase. - Examining the business environment to foresee how the supplier/contractor may perform. - Understanding the elements of a legal contract. - Analyzing the Contracting methods - competitive and non - competitive. - Examining the risk in contract pricing. - Reviewing the tools and techniques to measure supplier's/contractor's performance. - Basic understanding of how and why claims arise. - Identifying causes of claims and disputes, and how to avoid them. - Basic understanding of the main methods of dispute resolution involving third parties. - Effectively handling claims, variations and disputes.
Location
Courses may be conducted at one of the following hotels in Kuwait:
- Hilton Garden Inn Kuwait – The Avenues
- Hilton Kuwait Resort – Mangaf
- Jumeirah Messilah Beach Hotel & Spa
- Radisson Blu Hotel Kuwait
Or at the client’s premises.
Related Courses
Strategic Contract Management Workshop
Build in-depth command of contract management guidelines, practice and framework. Participants identify monitoring and evaluation approaches that hold compliance to quality and timeliness, assess the risks affecting contract performance, and resolve deviations before they escalate.
Strategic Level Program in Joint Ventures (JVs) Management
Apply expertise in oil, gas and petrochemical contracts, joint venture and licensing agreements alongside a broad grasp of local and international law. Participants cover JV structures and the standard requirements built into MoUs, NDAs and the agreements that follow them.
Strategic Management of Suppliers and Contractors
Plan how contractor performance will be evaluated before the work begins. Participants learn to identify non-compliance with contract terms and the corrective action it calls for, judge when execution risk warrants termination, and negotiate amendments as the business changes.