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Live Online Training Schedules

Now participate in a live online course for a highly discounted fee of only $850, as a limited introductory offer.
(Terms and conditions apply)
CML1802 Nov - 04 Nov, 2020$1750Register
CML1808 Feb - 10 Feb, 2021$1300Register
CML1810 May - 14 May, 2021$1800Register
CML1809 Aug - 13 Aug, 2021$1800Register
CML1808 Nov - 12 Nov, 2021$1800Register

Classroom Training Schedules

CML1815 Feb - 19 Feb, 2021Istanbul$4750Register
CML1822 Aug - 26 Aug, 2021Dubai$3950Register

Did you know you can also choose your own preffered dates & location? Customise Schedule

One of the primary features of contracting is to ensure that risks to owners and contractor are diagnosed and controlled in a manner that both events are satisfied with the undertaking outcome. While a contract can’t, of itself, make threat “depart”, it can, and need to, pick out the dangers, determine who is liable for managing each person risk, and for the outcomes should the chance occur.

Who Should Attend?

Personnel who can attend this course are:

  • Engineering, contract administration, and maintenance personnel
  • Procurement, purchasing, tendering, project and contracts personnel
  • Audit, financial, claims, and risk personnel
  • All professionals involved in the evaluation, preparation, planning and tenders management, awards, specifications, and contracts that include the acquisition of equipment, materials, and services.

Course Objectives:

By the end of the course, participants will have the knowledge and skills for:

  • Acknowledging and providing the ways of how risks appear
  • Identifying and assessing risk: Comparison of the different methods
  • Risk allocation: Assess the effects of different approaches
  • Prospect the different types of contracts to transfer the risks
  • Effective risk allocation: Review the contractual techniques
  • Life of a contract: Risk management analysis techniques

Course Outline:

Module I

  • Management and the Types of risk
  • Contractual Relationships: The need
  • Risk: Definition
  • Risk categories defined for Both Sides of a Contract
  • Process of risk assessment
  • Risk management
  • Suppliers: Qualification
  • Internal Control: Definition
  • Control: Proportionality

Module II

  • Transferring and reducing the Risk
  • Risk transfer through the different Contract Types
  • Lump Sum Contracts or firm fixed price
  • Contracts: cost reimbursable
  • Concept of Incentive Contracts
  • Pricing Arrangements: Award fee
  • Concept of Indemnities
  • Concept of Cross Indemnities
  • Description: Insurance

Module III

  • Conditions and the risk related terms
  • Events at an external level
  • Concept of Force majeure
  • Labour disputes and strikes
  • Title and risk
  • ICC Incoterms usage
  • Novation and assignment
  • Additional clauses to be considered for the sub-contractors
  • Sub-Contractors: The associated risks

Module IV

  • Financial Risks: Dealing
  • Payments: Controlling the risks linked with the payments
  • Risk of currency
  • Concept of Economic Risk
  • Corruption and fraud
  • Liability: Excluding or limiting
  • Distinctions between liability in contract, and the general law
  • The general law and the differences between liability in the contract
  • Concept of “Gross negligence”
  • Analysis of real documents and sample clauses from the standard contracts

Module V

  • When Bad Stuff Happens: Remedies
  • Misrepresentations and mistakes
  • Performance: Impracticability
  • General remedies
  • Remedies types
  • Damages: Liquidated
  • Description: Warranties
  • Description: Cover
  • Real examples discussion
  • Summary

General Notes

  • All our courses can be facilitated as Customized In-House Training course.
  • Course duration is flexible and the contents can be modified to fit any number of days.
  • As for Open Enrolment Courses, we offer our clients the flexibility to chose the location, date, and time and our team of experts who are spread around the globe will assist in facilitating the course.
  • The course fee includes facilitation, training materials, 2 coffee breaks, buffet lunch and a Certificate of successful completion of Training.
  • FREE Consultation and Coaching provided during and after the course.
Online Courses
Customized Schedule is available for all courses irrespective of dates on the Calendar. Please get in touch with us for details.
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Due to the recent COVID-19 pandemic, we've decided to offer live online webinar training classes for all of our courses.

You can participate in our training sessions with the safety & comfort of your own home or office. This helps you fulfill your learning requirements, while availing massive discount on regular course fees.

Register for a live online session now.

To register for a course, please fill the information request form on the course page, or reach us through the live chat or WhatsApp using the apps below.

Live Online Training

Now participate in a live online course for a highly discounted fee of Only $850, as a limited introductory offer.

(Terms and conditions apply)