Effective Project Contracting

Introduction

World-class organizations understand well the benefits of lower total cost and higher productivity resulting from mastering best practices in the important phases of project and contract management. With a focus on the best practices for processes, methods, and techniques, this Effective Project Contracting training course will make a great contribution to the skill sets of those involved in contracts and projects.

Project contracting arrangements play a vital role in the successful execution of the project, identifying and effectively managing the key risk areas can reduce costs and the potential for disputes, thus improving the efficiency of your organization.

This GLOMACS Effective Project Contracting training course insights into:

• Preparing and administration of both the project plan and the contract
• Critical contractor selection & contractor negotiations
• Identifying and analyzing project and contract risk
• Selecting and leading project and contract teams
• Setting and Measuring Project and Contractor Performance goals
• Managing principal liability issues
• How change can be best managed
• Ways to deal with performance failures
• Managing claims and resolving disputes

Objectives

At the end of this Effective Project Contracting training course, you will learn to:

• Identify the most appropriate contracting strategy
• Assess and manage key contractual risks
• Recognize the causes of, and how to deal with change
• Compare ways of dealing with performance failures
• Evaluate the most appropriate course of action when disputes arise

Training Methodology

Participants will gain greater knowledge through presentations by an experienced international practitioner designed to both educate and challenge. Extensive use will be made of case studies and real examples of contracts and projects. Open and instructive group discussions will also be facilitated encouraging delegates to raise questions, and share their own experiences.

Organisational Impact

Projects often require complex contractual arrangements, assessing the issues and how to deal with them can be a daunting task.

Your organization will benefit by:

• Expanding traditional procurement options to promote project goals
• Developing an appreciation of the risks of using different types of contracting strategy
• Enhancing internal capacity to assess and manage key contractual risks
• Minimizing the time and cost impact of changes and external events
• Ensuring better monitoring and managing of performance issues
• Exploring alternative ways of reducing the impact of disputes

Personal Impact

Attendees will gain by participating in this Effective Project Contracting training course as a result of:

• Broadening your knowledge of a variety of project delivery strategies
• Extending your understanding of key risk areas and their management
• Improving your knowledge of contract and relationship management
• Enhancing your ability to deal with changes and external events
• Developing your knowledge of monitoring and managing performance failures
• Boosting your confidence in dealing with contractual issues and disputes