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18 - CMN - Contract Management and Negotiation Skills
CMN 135 - Contract Risk Management
Code | Start Date | Duration | Venue | |
---|---|---|---|---|
CMN 135 | 14 October 2024 | 5 Days | Istanbul | Registration Form Link |
CMN 135 | 18 November 2024 | 5 Days | Istanbul | Registration Form Link |
CMN 135 | 23 December 2024 | 5 Days | Istanbul | Registration Form Link |
CMN 135 | 13 January 2025 | 5 Days | Istanbul | Registration Form Link |
CMN 135 | 10 March 2025 | 5 Days | Istanbul | Registration Form Link |
CMN 135 | 05 May 2025 | 5 Days | Istanbul | Registration Form Link |
CMN 135 | 30 June 2025 | 5 Days | Istanbul | Registration Form Link |
CMN 135 | 25 August 2025 | 5 Days | Istanbul | Registration Form Link |
CMN 135 | 20 October 2025 | 5 Days | Istanbul | Registration Form Link |
CMN 135 | 15 December 2025 | 5 Days | Istanbul | Registration Form Link |
Course Description
Contracts come in various styles and forms. They can be verbal or written. However, no matter what they are, they have basic components that needs to be available in any of them. Within the text of the contract lies huge risks that needs to be identified, and managed. In this course, participants will learn how to phrase the contract in way that guarantees a healthy relationship between two or more parties and define the conditions of how each will interact within a given set of circumstances while at the same time, avoid any invisible risks that may appear in the contract.
Course Objectives
- Discussing the most tricky parts of contracts
- Analyzing the areas which pose potential risks
- Learning how to avoid those risks
- Learning the correct wording of a contract
- Correcting mistakes when they happen
Who Should Attend?
- Contracts specialists
- Procurement personnel
- Risk managers
- Auditors
Course Details/Schedule
Day 1
- Contract lifecycle
- Basic contracts components
- Policy for risk management in contracts
- Indemnification
- Individual risk profiles and implications
Day 2
- Development of an integrated context
- Indemnification/hold harmless
- Limitation of liability
- Waiver of subrogation
- Jurisdiction
Day 3
- Incentive contracts
- Award-fee pricing arrangements
- Contract review
- Allocation of risk
- Insurance
- Type of insurance
Day 4
- Subcontractors
- Identifying contingency
- Quantitative analysis for issues management
- Raising the safety risk management bar
Day 5
- Mistakes and misrepresentations
- Impracticability of performance
- Remedies generally
- Types of remedies
- Liquated damages