Contract Strategy and Management, Lagos
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This document provides information about a three-day course on contract strategy and management taking place in Lagos, Nigeria in July 2014. The course will help participants understand how to develop effective contract strategies, properly manage the tender and contract formation processes, and administer contracts successfully over the project lifecycle. Topics will include contract planning, drafting and risk management, principles of contract law, and dispute resolution. The training uses interactive workshops and real-world examples to provide practical skills for project managers, engineers, and others involved in contract oversight. Participants will receive a certificate upon completion.
Contract Strategy and Management, Lagos
- 1. Contract Strategy and Management 14 – 16 July, 2014 | The Resource Space, Lagos, Nigeria. This course is available for IN-HOUSE; For Further information, please contact: Tel: +234 8037202432, Email: petronomics@yahoo.com. Web: www.thepetronomics.com
- 2. OVER VIEW Successful project delivery starts with an assessment of the best procurement strategy to adopt – and that requires analysis of the organisation’s capabilities and risk management strategies. Many disputes can be avoided by better attention to key elements within the tender and contract documentation. The contractual obligations arising from the tender process need to be recognised in order to protect the principal. The difficulties of designing and applying supplier selection criteria must be mastered in order to get the best outcomes. Strategies to recognise potential for disputes, and their avoidance, provide great benefits. This course addresses all of the above aspects of the contract lifecycle. It is practically orientated with interactive workshops and exercises covering most aspects of the material presented, providing an effective learning opportunity. LEARNING OBJECTIVE At the end of the learning programme, participants would have known how to: Set up risk-managed contract strategy and planning guidelines Review contract law principles to confidently recognise rights and obligations Understand professional services and term works contracts Allocate skills and resources for an optimal team and structure Master the difficulties with designing and applying supplier selection/ evaluation criteria Improve contract drafting, amending and adapting standard forms where appropriate Revise and improve contract administration processes Improve methods to avoid claims, delays, disruptions, performance and contractual issues Address performance management issues in works contracts COURSE CONTENT Contract planning Contract planning Contract philosophies Project delivery methods Contracting for the project lifetime The tender process A review of the tender process Key tender documentation Administration of the tender process Contract formation and interpretation Contract formation Elements of a contract Later written agreements What if there is no contract? Pre-contractual negotiations Documentation Interpretation Implied terms Principles of contract law and vitiating factors Principles of contract law and vitiating factors Promissory estoppels Mistake Misrepresentation Duress, undue influence. Void and illegal contracts See the table of limitations on contracting The professional services and term works contract The professional services and term works contract Nature of the contract Performance and payment Risk and liability Default, termination and disputes General provisions Project-based contracting Project-based contracting Nature of the contract Performance and payment Risk and liability Default, termination and disputes General provisions Contract drafting and amending Contract drafting and amending Structure and format of commercial documents Clarity and precision in drafting Use of standard form contracts Assessing and amending standards Contract start-up Contract start-up Pre-start checklist Contract administration Contract administration and project management Contract administration and project management Project management and contract management Administration and management personnel Establishing lines of communication Establishing systems for control and compliance Reviewing the claims process • Understanding the claims process • The claims process • Formulating a claim • Valuing claims • Payment claims Variations, delays and defects • Variations, delays and defects • Variations • Extensions of time • Delay costs • Damages for delay • Defects
- 3. Performance management • Performance management • Scope, cost, time management • Other management procedures Communication and dispute resolution • Communication and dispute resolution • Communication – why is it so important? • Dispute resolution options • The art of negotiation • Adjudication process Contract close-out • Contract close-out • Completion • Future management WHO SHOULD ATTEND The course will benefit anybody who is involved with the tendering and administration of contracts including project managers, site managers, supervisors, superintendents, administrators and personnel interfacing with contractors such as surveyors, geologists, engineers, QA personnel and OH&S personnel etc CURRICULUM A combination of theory, best practices & expert practical instruction to assist in the development of a robust tendering & contract management framework for the design & delivery of commercial objectives via contractual means. DELIVERABLES Our training programmes are exciting learning events. All participants during the programme entitled to all course materials and a certificate of participation. On a written request, we shall furnish you with a detailed report summarising our perception of participants’ strengths, areas for improvement and proposed action plans within four weeks of concluding the course. Our feedback process ensures your objectives are achieved by the conclusion of our training process. PROGRAMME FEE The programme fee covers tuition, course materials. Payment is due upon receipt of the invoice. Our cancellation policy applies. N126,000.00 per participant IN-HOUSE TRAINING Petronomics Training can work with your organization to provide the course to meet your budget at your convenience (time and location) in the comfort of your working environment. This collaborative effort, emphasize actionable learning, the application of theory in practice and combine core business skills/technical knowledge with dynamic leadership training. If you would like to discuss possible collaboration in developing in- house training, please contact on the details below. REGISTRATION To nominate a participant for this training, kindly forward the details of your nominated participants, (i.e. name, email address, telephone nos.) and stating the course your participant are registered. To nominate a participant for this training, kindly forward the details of your nominated participants, (i.e. name, email address, telephone nos.) and stating the course your participant are registered. Business Development Desk Petronomics Training Telephone: 234 1 8426905-6 0803 720 2432 +971556985290 Email: ayantola.victoria@thepetronomics.com petronomics@yahoo.com www.thepetronomics.com ABOUT US At Petronomics, energy expertise is our resource and inspiring competence is what we enjoy. The application of knowledge in driving innovation and ultimately possibilities is the catalyst that steer a distinctive value proposition. Braced with visionary advisory board, inspired/cultured workforce and experience faculty, we provide superior intellectual resource pool that bridge competency gap for industry operators. The benefits of our expertise are accessible through learning programmes, research and conference services; a blend that sets us as the preferred pool, professionals approach to upgrade business skills THE LEARNING APPROACH In resourcing industry workforce competency, we develop skills and experience that employer’s value by offering a comprehensive range of flexible learning options to meet their learning and development needs through a broad range of learning approach that offers intensive and enjoyable experience to participants. Participants benefit from lectures, case study analysis, group discussion, workshop, and are also encouraged to learn from other managers and professionals on their programme by sharing ideas and experiences. We place a particular emphasis on group work where participants’ real life situations are used as vehicles for learning. FACULTY Key to our approach is the quality to the faculty members. Every faculty member on our 20 member team is rigorously assessed and contracted in line with our Standard Operating Procedure. Each of them understands that they have to deliver training and supporting documentation to the highest standard. They comprise of professionals with outstanding track records in their area of specialty. Whilst they bring to bear several years of hands-on experience in the industry, they are committed to knowledge growth and have an understanding of the link between strategy and knowledge capital. LEARNING ENVIRONMENT Our programmes are conducted in a decent and cozy environment globally. We ensure that our participants are relaxed to refresh in an ambience well conducive for inspiring and creative brainstorming that accelerate the learning curve of individual participants. In consolidation of our value chain, locations are carefully considered using our five star QC indicator like security, banquet facilities, accessibility and customer services. Our programme team works with the facility staff to ensure a personal and warm welcome to participants.