Description
Every Contract has risks that must be reviewed from the perspective of protecting company’s interest and assets. This workshop will help you understand how companies transfer risk through their contracts.
KEY LEARNING OUTCOMES IN BULLET POINTS
In attending this course, the delegate will learn:
How to risk is controlled, distributed and transferred in contracts
How risk allocation can be used effectively to manage contractor/subcontractor risk
Understand Contractual clauses in depth to transfer risk
How to mitigate risk
What type of Contract is best suited to Transfer Risk
Challenges and Risk involved in NDA ( Non –Disclosure Agreement), Letter of Intent (LOI) and Memorandum of Understanding (MOU)
Understanding Risk in Variations and Scope of Work
WHO SHOULD ATTEND
Project Managers
Contract Managers
Contract Administrators
Contract Analyst/Specialist
Procurement Manager
Sourcing Manager
Buyers
Purchase Managers
Purchase Analyst
Supply Chain Managers
In house lawyers
Anyone interested in the subject
DAY 1
Contracting Fundamentals Understanding How Risk is allocated in Contracts by making correct use of |
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Risk Related – Terms and Conditions in Contract |
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DAY 2
Managing Contract Risk |
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Challenges and Risk |
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Transferring Risk Through Type of Contracts | • Firm Fixed Price or Lump Sum Contracts • Cost Reimbursable Contracts • Incentive Contracts • Time and Material Contracts • Unit Price Contracts. |
Scope of Work and Variations |
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