Commercial and Contract Risk Awareness
Training
Inhouse
Description
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Type
Training
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Methodology
Inhouse
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Duration
2 Days
Students will learn: See your role in a broader, more commercial, context. Think more strategically when preparing bid submissions or evaluating tenders. Increase the likelihood of success of winning bids submitted or making the right supplier choice. Identify the benefits of time spent at the front end, pre-contract award, on drafting and negotiating a solid contract in order to reduce problems later, during contract management stage. Appreciate the value of good preparation and groundwork, prior to submitting a bid and in advance of a negotiation. Suitable for: Any engineer or technical professional whose role, and future career development, requires a greater degree of commercial awareness and understanding. This applies particularly to project managers and project engineers who have regular contact with clients and customers and who may find themselves moving into more commercial roles.
Reviews
Course programme
Description:
It is absolutely crucial that engineers have a highly developed sense of commercial and contract risk awareness. There are other risks apart from technical ones, for example knowing when your project is in danger of exposing your organisation to commercial or contractual risk. These risks have financial and legal consequences. The two-day programme is designed specifically to raise the engineer’s awareness of these risks and to equip the participant with ways to deal with them.
What you will learn:
- See your role in a broader, more commercial, context
- Think more strategically when preparing bid submissions or evaluating tenders
- Increase the likelihood of success of winning bids submitted or making the right supplier choice
- Identify the benefits of time spent at the front end, pre-contract award, on drafting and negotiating a solid contract in order to reduce problems later, during contract management stage
- Appreciate the value of good preparation and groundwork, prior to submitting a bid and in advance of a negotiation
- Anticipate, identify and manage potential risks, both pre- and post-contract award
- Make a greater contribution to the profitability of your projects and contracts
- Develop your commercial ‘know-how’
Additional information
Commercial and Contract Risk Awareness