Contract Management Principles and Practices

Faced with increasing challenges to reduce costs and improve financial and operational performance, companies can benefit from effective contract management to get the best from every project. Business heads, project managers, contract managers, and other professionals involved in the development of contracts must have an understanding of what the binding document actually states and a willingness, by the contractual parties, to cooperate in achieving the desired goal.
 

This 5-day Boost training course is designed to provide participants with the fundamental foundations and practices in managing contracts effectively – whether in the field of construction, the supply of equipment and materials, or in the delivery of services. 

• Gain a comprehensive understanding of the role of contracts within a business. 
• Learn how strategies can be developed to improve the commercial outcomes and the management of contracts. 
• Identify modern tools and techniques for dispute resolution and international conflict negotiations, and apply rules of contract interpretation in project disputes.
• Understand contract components and the process of management from drafting, development, to implementation.
• Prepare, formulate contract claims and disputes for projects.
• Analyze contract obligations and risks.
• Administer contracts appropriately, and know when and how to terminate before or upon completion.