Contract Management and Tendering

Course Objectives

  • Compare different methods of identifying and assessing risk
  • Review the impacts of different approaches to risk allocation
  • Explore different Contract types to transfer risks
  • Consider the contractual techniques to ensure effective risk allocation
  • Review risk management techniques during the life of a contract
  • Defining various remedies to mitigate the exposure in the event that a risk occurs.

Who Can Benefit?

  • Staff Professional in Risk, Project, Contract, Project, Claims. Procurement Departments

Course content

  • Risk Assessment
    • Defining Risk
    • Categories of risk for both sides of a contract
    • Risk Assessment Process
    • Managing Risk
    • Defining Internal Control
    • Proportionality of Control
  • Minimizing and Transferring
    • Transferring risk through contract type
    • Firm Fixed Price or Lump Sum Contracts
    • Cost reimbursable Contracts
    • Incentive Contracts
    • Award-Fee Pricing Arrangements
    • Indemnities
    • Insurance
  • Risk Related Terms & Conditions
    • External events
    • Force majeure
    • Strikes and other labour disputes
    • Risk and Title
    • Use of ICC Inco terms
    • Assignment and Notation
    • Other clauses that need to flow down to sub-contractors
    • Risks associated with Sub-Contractors
  • Dealing with Financial Risks
    • Controlling Risk Associated with Payments
    • Currency Risk
    • Economic Risk
    • Fraud and Corruption
    •  Limiting or excluding liability
    • Distinctions between liability in contract, and the general law
  • Remedies When Bad Stuff Happens
    • Mistakes and Misrepresentations
    • Impracticability of Performance
    • Remedies Generally
    • Types o Remedies
    • Liquated damages
    • Warranties

Code Courses Title Date Venue Price Request
PI02 Contract Management and Tendering
03 Feb to 07 Feb 2018 Istanbul contact us
05 May to 09 May 2018 Dubai contact us
04 Aug to 08 Aug 2018 Sharm El-Sheikh contact us
03 Nov to 07 Nov 2018 cairo contact us

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