Effective Contract Administration Claims Management and Negotiating Win-Win Settlements

Location
Germany, - Frankfurt
Dates
Dates flexible
Course Type
Professional Training Course
Accreditation
Yes (Details)
Language
English
Price
$4,500

Course Overview

This program provides a comprehensive practical briefing on the issues and details of effective contract administration claims management and negotiating settlements through a unique multidiscipline (Technical-Legal-Management-Audit-Finance) look at the issues. All Good Business Contract Decisions take into account Multi-discipline Inputs.

Who should take this course

All those involved in any aspect of implementing, managing or administering contracts, also those involved in any step of contract preparation and award for them to realize the importance of a well-prepared contract. Contracts managers and specialists. Personnel responsible for managing contracts to ensure their company achieves maximum benefit from the contract terms.

Accreditation

CPD

Course content

Day 1 - The Management Engineering, Legal-Scheduling-Audit Issues on Contracts:

Rights Duties and Implied Obligations of the Parties under - Your Contract. Under Local Laws Regulations. Under International Law. Rules and Doctrines of Precedence and Interpretation of Contracts Contractual Obligations - As decided by Courts. As applied by Arbitrators. Interpretations during Contract Execution.

Day 2 - Making Tendering Procedures More Effective:

Prequalification Procedure. Tendering Procedure Public Tender Law. Tender/Bid Evaluation. Transferring Risks not legally effective Just by Drafting. When Risk Transfer is actually considered Complete in Law?

Day 3 - Advantages Disadvantages and When to Use:

Cost Reimbursable Contracts. Fixed Price/ Lump Sum Bill of Quantities. Construction Manager Contracts. Single General Contractor Multiple Prime. Fast Track Contracting. Turn Key Contract EPC BOOT. Joint Ventures.

Design Supervision Contracts:

How to protect your interests the issues. Selection Managing Audit Control of Consultant's Design Activity. Consultant Contracts - Analysis and Contract Administration. Conditions to Check for and Include to Protect Owner's Interests. Consultant's Insurance Exclusions Warranties.

Day 4 - Claims on projects:

Nature of Claims. Constructive Variations Issues. Liability Establishment. Causation Proof. Damage Quantification. Fair Reasonable Price Determination and Impact Calculation (VO's Claims) - Direct Costs. Indirect Costs Overheads. Other Contractual Factors to Consider.

Day 5 - Managing Meetings For Negotiating Settlement of Disputes Claims Negotiating VO's Claims:

Preparation. Presentation. Deadly Negotiating Skills. Games/Tricks Others May Play. Bargaining Strategies Tactics. Dispute Resolution-Options Contractual Arrangement. Settlement by Negotiations. Mediation Arbitration Courts. Cost-Benefit Considerations. Management Audit Concerns. Worthwhile Project Closedown Reporting.

About Course Provider

London Training for Excellence offer a wide range of training courses in London for organisations and individuals who wish to advance their skills and knowledge in the business world. With a great training centre in London, London TFE have everything that is needed to understand the basic needs of a business. Each course focuses on the ‘real-life’ issues a business could face and how to tackle them with ease.

London TFE have a team of enthusiastic leaders and instructors who share a passion for education and want to deliver that same passion to every individual who wish to take a business to succession. Each training courses London encourages individual to aim high and reach their full potential.