This program will equip you with 360 degree an in-depth understanding of contract management from Contract initiation to Contract Closure as Project, Contract or Business manager through great interpersonal and negotiation skills, and the ability to establish and maintain powerful business relationships.
- This program will help you:
- Understand the implications of different types of contracts
- Make informed and measured decisions regarding legal provisions affecting project timelines and cost
- Establish metrics and forecast and monitor outcomes with greater confidence
- Engage in more productive discussions with legal experts in relation to contracts and ask the right questions
- Address the concerns of colleagues who are not legal specialists and present information in ways that support their decision-making
- Expand your personal and professional network
What you will learn
Led by the finest industry experts through faculty presentations, case studies, interactive sessions, and virtual discussion groups, you will explore the fundamentals of Contract Management, as well as necessary practical skills in effectively managing and administrating contracts for goods, services and turnkey EPCs.
- Apply tools for effective contract management cycle including stakeholders’ management
- Apply proven approaches to tendering, best practices and pricing & bid strategy
- Analyze bid evaluation techniques, techno-commercial evaluation and scorecard
- Practice and improve negotiation in contract perspective – stages, challenges, people, styles & behaviors
- Manage key technical contractual terms related to commencement, design, specifications, testing, completion, warranties / guarantees and documentation
- Comprehend key commercial contractual terms affecting contract performance related to bonds / guarantees, security, milestones, payment terms and procedure, financial close
- Interpret and discuss key risk management issues and strategies – employer and contractor risks, EOT, claims management, liquidated damage types and impact, variations, price adjustments and change management, disputes, defaults and owner’s engineer role
Learning Methodology:
The emphasis on experiential learning and learning through others is what we believe hosts a more conducive learning environment rather than a typical classroom-based lecture. Our tailormade exercises and roleplays play a crucial part in emulating real-life scenarios provide an ideal space to practice newly acquired skills and techniques. We host the freedom for you to reflect and interact with peers on what has been learned at Engenius; boosting your confidence in facing challenges and getting your ideas across in real life.
Admission:
Candidates are admitted to specific sessions on a rolling and space available basis. This is a selective process subject to pre-assessment of your passion, professional achievements, and organizational responsibilities.
Course Features
- Lectures 9
- Quizzes 0
- Duration 12 weeks
- Skill level All levels
- Students 0
- Certificate Yes
- Assessments Yes