Contractual Risk Management
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1- Online Training...with international accreditation. The value of participation per person is €1,450
2-Requirement : specifying the course, number of participants
implementation date, and joint coordination.
Group contracting ... 20% Discount For Each Participant In Any Group Of Three Person Or More
Other Places To Hold The Course :
KualaLumpur.. Istanbul.. Dubai.. Cairo.. Riyadh.. Jeddah.. Abu Dhabi.. Doha.. Muscat.. Sharm El Sheikh.. Kuwait.. Tripoli.. Amman.. Beirut.. Damascus.. Tunisia.. Casablanca.. London.. Paris.. Barcelona.. Amsterdam.. Brussels
Contractual Risk Management
Introduction :
The focus of the Contractual Risk Management Training Course is on gaining a thorough grasp of the challenges of contractual risk management in businesses. The course curriculum emphasises the significance of proactive insight and supervision into risk areas connected to the contract’s specified performance outputs and outcomes through planning, monitoring, and proactive insight, and oversight. The participants will learn how to incorporate risk management approaches into contract management. The participant will learn how risk management can decrease or eliminate late deliveries, defects, and cost overruns, as well as harm to reputations, client relationships, and the bottom line. This course will empower the participants with a solid foundation in the fundamentals of contract risk management. It will discuss several risks in contracts and measures observed for mitigating them.
Course Objectives :
At the end of this course, the participants will be able to :
- To enable the participants to determine the elements of the contract risk management procedure
- To enable the participants to draw a parallel between contract management and contract risk management
- To highlight the effective ways to detect, assess, reduce, and monitor contract risks
- To recognize and describe the many ways in which contract risks manifest
- To enable comparison between different strategies for identifying and measuring risk
- To assess the consequences of various measures when allocating risk
- To understand the effects of various risk-allocation strategies
- To highlight techniques of risk transfer in contract management
- To develop the ability to comprehend real contract management requirements and client accountability
- To facilitate better communication between the commercial, technical, and legal departments to handle issues throughout the lifecycle of a contract
Targeted Audience :
- People in engineering, contract management and maintenance
- Employees in procurement, buying, bidding, project management, and contracts
- Personnel in charge of the audit, finance, claims, and risk management
- All specialists engaged in the appraisal, preparation, scheduling, and administration of tenders
Course Outlines :
Module 1 : Understanding and Detecting Contracting Risk
- Different types of risks in risk management
- Contractual Relationships: What You Need to Know
- Both sides of a contract have risk categories established.
- Risk assessmentprocedure
- Management of risks
Module 2 : Transferring and Minimising Risk
- Risk is transferred through several contract types
- Contracts with a lump sum payment or a hard fixed price
- Contracts: reimbursable costs
- Incentive Contracts as a Concept
- Arrangements for Pricing: Award fee
- Indemnities as a concept
- Description of the Cross Indemnities Concept: Insurance
Module 3 : Types of Contractual Risks
- Financial contract risk
- Value leakage
- Legal contract risks
- Reputational contractual risks
- Controversial contract terms
- Security contract risk
Module 4 : Conditions and Phrases Associated with Risk
- Events on a larger scale
- Force majeure
- Strikes and labour disputes
- Title and danger
- Assignment and novation
- Clauses for subcontractors
- Risks linked with subcontractors
Module 5 : Dealing with Financial Risks
- Payments: Managing the risks associated with payments
- Currency dangers
- Economic Risk as a Concept
- Corruption and deception
- Excluding or restricting liability
- Distinctions between contract liability and general liability
- Common law and the distinctions between contract and tort responsibility
Module 6 : If Tragedy Strikes, Here Are Some Remedies
- In general, remedies
- Remedies Come in a Variety of Forms
- Damages that have been liquidated
- Warranties
- Cover
- Real-life examples are discussed.
- Review of the Course, followed by a Question-and-Answer Session
European Business Center Training Methodology :
Our training work is presented in a professional and attractive manner.. Interspersed with interceptive information to renew attention throughout the training period… We aim with this method to train the listener and interact… In addition to practical applications that target the direct skills and knowledge required to be achieved.. It is presented to the trainees in more than one way.. Practical exercises and applications.. Surveys and questions.. A training strategy has been adopted based on pairing between the theoretical and the professional and between the local and the global.
What Does The Participant Get From The Course?
Each participant obtains an internationally accredited training certificate from the European Business Center for Training and Development … which has the ISO certificate in quality No. 9001/2015 from the English international company UKAS .. and receives a training bag containing the scientific material via an electronic flash … in addition to an enjoyable and useful training that is reflected Positive and developmental for individuals and the institution
Note :
We can implement the training course in any of the cities referred to in this course..at the appropriate and required time for the trainees..through joint coordination with the training department at the center..the training is implemented in a distinctive manner according to the best quality standards so that we meet all training requirements and needs.
International Accreditations
European Business Center for Training and Development has obtained international and official accreditations with the highest and best international levels scientifically and technically, which reflect the level of outstanding performance in our training work.. so that it achieves what each participant aspires to by obtaining the best certificates with officially approved scientific and technical standards.
