The Essentials of Contracting

Contracting arrangements play a vital role in the successful operation of any business or organisation; identifying and effectively managing the key risk areas can reduce costs and the potential for disputes, thus improving the efficiency of your organisation.

This Essentials of Contracting training course focuses on how your organisation can minimise your exposure to risk, reduce costs and the potential for disputes. It provides strategic and practical insights into managing risk through different procurement strategies and discusses best practice in developing tender documentation, criteria and evaluation. It also focuses on how to monitor and manage quality, time and cost risks.

It also features how to monitor and manage performance failures, and provides tools, tips and techniques on effective resolution of disputes to minimise cost and reputational risk exposure to your organisation.

This training course will feature:

• Key strategic considerations in the procurement process
• How best to manage principal risk areas?
• Dealing with key liability issues
• Implication of different types of change events
• Setting and enforcing performance standards
• Minimising claims and disputes

By the end of this training course, participants will be able to:

• Assess which procurement strategy best suits their needs
• Identify and manage key contracting risks
• Assess and manage the implications of change events
• Evaluate performance standards and monitor
• Appraise the different options when facing claims and potential disputes

This training course will benefit a wide range of personnel involved in procurement and contracting, whether new or experienced in their roles. These may include:

• General and project management
• Contracts managers, administrators and claims handlers
• Procurement and purchasing staff
• Engineering, operational and maintenance personnel
• Commercial, financial and insurance professionals