This 2-day training programme focuses on contract law, drafting, negotiation, administration, and risk mitigation for project and commercial teams
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Description
Effective Business Contract Administration and Risk Mitigation
Module Overview
Contracts are at the heart of all business relationships, documenting obligations between suppliers, partners, customers, and employees. This 2-day program focuses on equipping participants with essential skills in contract law, drafting, negotiation, administration, and risk mitigation. Participants will explore the core legal principles of valid contracts, identify potentially risky clauses, and learn how to manage contracts effectively to enhance business value while avoiding disputes. Emphasis will also be placed on stakeholder communication, performance monitoring, and practical strategies for minimizing contract-related risks.
Learning Objectives
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Identify the essential elements of a valid contract
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Formulate clear contract terms for a legal and enforceable contract
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Identify possible potential contractual risks on contract clauses
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Identify effective contract management methods
Who Should Attend?
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Project management team: Project Executives, Engineers, Project Managers
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Commercial team members: Contract Executives, Procurement Executives, Quantity Surveyors, Contract Administrators
Course Outline
Module 1: Overview of Contract Law
Module 2: What Can Make Your Contract Lose Legal Effect?
Module 3: Negotiating Contract Terms to Protect Your Rights
Module 4: Key Terms That Affect Contractual Obligations
Module 5: Effective Contract Administration and Risk Mitigation
Download the course outline here
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