Effective Contract Management

Course overview

This interactive two-day programme examines the contract after it has been signed, when it cannot be revised and has to be implemented as written. It focuses on giving participants the necessary knowledge, tools and processes to be able to read and review contracts, which they were not involved in writing and therefore may be unclear as to what the intended interpretation was of each clause.

You will learn how to apply a logical, systematic and comprehensive approach to reading, managing and implementing a contract so that you are confident you fully appreciate what is required of you, your team, and the other contracting party(ies), to satisfy the legal obligations laid out in the contract.

What benefits will be gained from attending this seminar?

This seminar will help you to:

• Understand the 'offer and acceptance' process of reaching agreement on the contract terms
• Be confident that you are operating under a legally binding contract
• Appreciate fully what has been agreed between the contracting parties and what the legal obligations and responsibilities of each are
• Recognise the allocation of risk between the contracting parties
• Realise what the consequences will be if either party do not comply with the contract and fail to satisfy their legal obligations
• Grasp the importance of being proactive in: establishing a project plan; monitoring work and progress; and managing risk
• Value the benefits of undertaking re-cap at the ending of a contract, so as not to repeat mistakes made, or not gain from the learning curve of 'what went well'
• Master new skills through the use of practical exercises and cases