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Effective Contract Management

By: Cynet East Africa Consultancy

Kenya

17 - 21 Jun, 2024  5 days

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USD 1,050

Get 10.00% off

Venue: Nairobi

Other Dates

Venue Date Fee  
Nairobi, Kenya 19 - 23 Aug, 2024 USD1050
Nairobi, Kenya 07 - 11 Oct, 2024 USD1050
Nairobi, Kenya 02 - 06 Dec, 2024 USD1050

Contract Management is a critical tool for administering business relationships. It facilitates the management of obligation execution and dictates each and every detail for maximizing financial and operational performance. Contract Management is a strategic solution for many organizations. The entities without effective contract management systems encounter significant quantifiable losses. Hence, in today’s world it is essential to prepare contract specialists and professionals that understand the complexities of contracts and possess fundamental skills for streamlining the communication between the stakeholders.

PROGRAM OBJECTIVES

• Design Detailed Contracts with strategic focus
• Implement effective problem solving techniques
• Comprehend the role and responsibilities of contract manager
• Determine the most suitable contract structure
• Analyze, Mitigate and Manage the Risks of various types of contracts
• Monitor and Evaluate contract performance and suggest improvements
 
MODULES

Module 1

•Introduction of Contract Management
•The need for contractual relationships
•The core concepts and principles of effective contract management
•Designing and Forming the Contracts
•The role of Negotiation

Module 2

•Identifying and Assessing contractual risks
•Implementing Contract Risk Response Mechanism
•Contract Risk Sharing Continuum
•Determining the general terms and Conditions of the contract
•Rules for Contract Drafting
•Contract Types and Structures
•Contract Formalities

Module 3

•Assigning Responsibilities; Setting and Managing Expectations
•Performance Based Contracting and Performance Obligations
•Dealing with Disruptions, Delay and Disruption
•Managing Claims and Payment Issues
•Contract Collateral Documents
•Changes to Contract Documents
•Contract variations: transfer of rights, amendment and the scope of work

Module 4

•Termination, suspension and remedies for default
•Limitation and exclusion of liability, force majeure and waiver
•Law of the contract and dispute resolution
•Recognizing and Dealing with Issues
•Contract Dispute Management
•Internal Dispute Resolution
•External Dispute Resolution: Litigation and Arbitration
•Adjudication, Expert Determination and Mediation
CERTIFICATION
Upon succesful completion of the training, participants will be awarded Cynet East Africa Consultancy certificate.
N/B
Training will be facilitated by Cynet East Africa Consultancy seasoned trainers.
Nairobi Jun 17 - 21 Jun, 2024
Nairobi, Kenya 19 - 23 Aug, 2024
Nairobi, Kenya 07 - 11 Oct, 2024
Nairobi, Kenya 02 - 06 Dec, 2024
USD 1,050.00
USD 1,050.00
USD 1,050.00
USD 1,050.00
(Convert Currency)

Janet Cherono/Nancy Kemunto +254 792 972525/+254 204401089

10% discount for a group of 3 delegates and above
Janet Cherono
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Tags:

Contract Management