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:

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 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
Training Materials	:	Only soft copy materials will be issued
Training Methodology	:	80% theory, 20% practical
Training Program	:	4 hours per day, from 09:30 to 13:30