This Commercial and Business Contracts training seminar will provide participants a comprehensive understanding of procedures and practice related to the risks inherent in the formation and management of contracts. Through analysis of real-life examples, this Contract Management training program demonstrates how to manage contract risk effectively and to ensure contract negotiations and performance occurs quickly and efficiently. Contracts are valuable and useful tools for companies to maximize value for businesses and minimize the risk of loss or things going wrong. Businesses cannot continue to focus on pricing and key commercial terms alone.
Contracts are vitally important for any business. Understanding and managing contract risk is critical for companies and senior employees. The business and competitive advantages of managing contracts effectively produce significant benefits and a failure to fully understand risk related items in a contract can result in lost opportunities and costly disputes.
Analysis of the risks inherent in the formation and management of contracts
Explain key contract provisions and provide instruction on how to manage contract risk effectively
Interpret essential contract clauses and understand the specific terms and conditions
Develop your ability to negotiate an effective contract to protect your corporation’s interests
Discuss where things can go wrong, and learn how to avoid problems, or mitigate their effects through well-drafted contracts and good management
Recognize how to avoid disputes but be prepared to deal with them if they arise
Contract and Purchasing Personnel
Project Management Professionals
Other employees in corporate or governmental organizations who have a responsibility for drafting, negotiating, or approving contracts.
Professionals such as legal and financial staff
Any personnel involved or interacting with contracts
Quantifying Risks
The Benefits of Understanding Contracts
The Pitfalls of Getting It Wrong
Controlling the Contract Process
Understanding the Deal
Controlling the Negotiation
Contract Formation
Offer and Acceptance
Battle of the Forms
Consideration and Intention
Does a Contract have to be written?
Pre-contractual Issues and Documents
Due Diligence, Permits, and Financial Stability
When are you committed?
Auctions, Bids, and Tenders
Invitations to Tender and Treat
Heads of Terms and Letters of Intent
Bonds and Guarantees
Standby Letters of Credit
Form of Agreement
Contractual Structures
Incorporating Standard Terms of Business
Informal Contracts
Letters of Comfort
Subcontracts and Warranties
Pre-contracts and Post Contract “qualification phrases”
We all operate in an increasingly complex commercial and professional environment that requires us to negotiate on a daily basis not only with customers, clients, suppliers and contractors but also with managers, fellow employees, and colleagues within our own organization.
Pressure equipment such as boilers, pressure vessels, heat exchangers, pressure piping, and associated safety equipment are widely used in many industries (e.g., hydrocarbon processing, chemical, power, pharmaceutical, and manufacturing). Pressure vessels and piping store energy and potentially hazardous fluids and thus have inherent safety risks. Pressure equipment designs are performed in compliance with applicable Regulations, Codes, and Standards and follow sound engineering practices to ensure structural integrity and safeguard public safety. The design covers material selection, stress analysis, fabrication, testing, inspection, operation and failure analysis, codes, standards, and regulations.
ASME Plant Inspector Level 1 Course provides the fundamental principles of the inspection, assessment, and management of fixed pressure equipment. The content of the course is delivered in a systematic manner, from the inspection planning process to inspection practices and evaluation of the associated equipment. It is aimed at the upstream and downstream Petrochemical industry but is equally relevant to stakeholders from other sectors that utilize pressure equipment.
One of the most well-known IT management and governance frameworks is COBIT 5 Foundation. The framework is adaptable to all organizations of any size.
In addition to giving you an advantage over your peers in terms of professional growth, COBIT 5 offers internationally recognized principles, practices, tools, and models to assist boost the trust and value in IT.
This training offers insights into the world of corporate finance, risk, and governance. Capital markets are central to the globalization phenomenon and essential for a well-functioning society. Because of this centrality and essential nature to societies, focus and attention must be paid to their proper functioning and oversight. To that end, this program offers an overview of the interaction between management and all other stakeholders. Diverse and complex stakeholder demands are best met by an efficient allocation of resources over an extended period.
This program will provide the participant the know-how to: Understand Strategic alliances; Management system needs of Strategic alliances; Causes of Failure of Alliances; Determining the suitability of a proposed alliance