CM0169 : Contract Management & Claim Management

 

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 Managing Contractual Claims. It covers the types and importance of claims in the power sector including the legal aspects governing contractual claims; the different types of contracts in power sector and their specific claim-related provisions; identifying potential claims, contractual obligation, rights and claim identification process; and the importance of accurate record-keeping and what documentation is essential for supporting claims. 

 

Further, the course will also discuss the claim notification procedures, claim strategy, cost analysis and impact assessment; the step- by-step guide to write a compelling and legally sound claim document; the essential skills and strategies for negotiating claims effectively with contractors, suppliers, and other stakeholders; and addressing potential objections and defenses raised by the other party. 

 

 

During this interactive course, participants will learn the ADR methods (mediation, arbitration, etc.) and their applicability in the power sector; assessing the pros and cons of pursuing litigation versus negotiating a settlement; handling multi-issue and high-value claims; the claims avoidance techniques and the technology in claim management; and the risk management and its role in claims including the global standard and best practices.