Course Description

This practical and highly-interactive course includes real-life case studies and exercises where participants will be engaged in a series of interactive small groups and class workshops. This course is designed to provide participants with a detailed and up-to-date overview of developing commercial contracts. It covers the fundamentals of contracts and contract law within the procurement function; the various forms of contracts used within the organization comprising of maintenance contracts, consultancy contracts, manpower contracts etc, the contracts of each as well as their legislative requirements; the standard set of conditions and the use of key contracting terms; the potential risks relating to the formation of the different forms of contracts and how best to address them; and the cycle of approvals necessary for each form of contract within the organization.During this interactive course, participants will learn the rights and obligations under the contract; the links between risk and reward for the contractor; transferring of title and risk through use of INCOTERMS; the need for insurance and indemnities; the delays, suspensions, delivery, acceptance and remedies for failure to perform; the frustration of a contract, rights to terminate, warranty and guarantee periods for latent design effect; and the entire agreement and waiver.

TRAINING METHODOLOGY

This interactive training course includes the following training methodologies as a percentage of the total tuition hours

30 % Lectures
20 % Workshops & Work Presentations
20 % Case Studies & Practical Exercises
30 % Videos, Software & Simulators

In an unlikely event, the course instructor may modify the above training methodology before or during the course for technical reasons.

VIRTUAL TRAINING (IF APPLICABLE)

If this course is delivered online as a Virtual Training, the following limitations will be applicable

Certificates	:	Only soft copy certificates will be issued to participants through Haward’s Portal. This includes Wallet Card Certificates if applicable
Training Materials	:	Only soft copy Training Materials (PDF format) will be issued to participant through the Virtual Training Platform
Training Methodology	:	80% of the program will be theory and 20% will be practical sessions, exercises, case studies, simulators or videos
Training Program	:	The training will be for 4 hours per day starting at 09:30 and ending at 13:30
H-STK Smart Training Kit	:	Not Applicable
Hands-on Practical Workshops	:	Not Applicable
Site Visit	:	Not Applicable
Simulators	:	Only software simulators will be used in the virtual courses. Hardware simulators are not applicable and will not be used in Virtual Training