CONTRACT MANAGEMENT

Course Contents

Day 1:

Introduction to Contract Management

• Definition and importance of contract management.
• Objectives and benefits of contract management.
• Challenges in contract management.

Contract Analysis

• Examination and analysis of contract terms and conditions.
• Analysis of financial and legal terms.
• Common issues in contracts and how to deal with them.

Day 2:

Contract Preparation

• Stages of contract preparation and key elements.
• Important legal and financial terms in contract preparation.
• Using clear and precise language in contract drafting.

Contract Negotiation

• Techniques and strategies for successful negotiation.
• Dealing with problems and conflicts during negotiation.
• Ensuring fair and suitable terms for both parties.

Day 3:

Contract Execution

• Managing contract execution and ensuring compliance from all parties.
• Tracking progress and evaluating performance within the contract framework.
• Dealing with problems and risks during contract execution.

Compliance and Legal Risk Management

• Compliance with legal regulations and laws related to contract management.
• Analysis of legal risks and implementation of preventative measures.

Day 4:

International Contract Management

• Unique challenges in international contract management.
• Legal and cultural differences in international contracts.
• Achieving success in international contract management.

Change and Amendment Management in Contracts

• Dealing with required changes in contracts.
• Procedures for contract amendments and evaluating their impact on the project.

Day 5:

Dispute Resolution and Legal Settlements

• Strategies for resolving disputes and methods of settlement in contract management.
• Mediation and arbitration as means of dispute resolution.
• Legal aspects of settlements and contract amendments.

Case Study and Practical Application

• Practical case study on contract management.
• Applying the concepts and skills acquired in the program to solve practical problems.