Advanced Contract Administration: Policies and Procedures

Program Overview:                                                                                                                                                                  

Contract administration is the process of managing contract creation, execution and analysis to maximize operational and financial performance at an organization, all while reducing financial risk. Organizations encounter an ever-increasing amount of pressure to reduce costs and improve company performance. Contract management proves to be a very time-consuming element of business. When a contract is phrased poorly, an organization might lose countless millions of naira over a simple technicality they lacked the resources to identify. Effective contract management can ultimately create a powerful business relationship and pave the road to greater profitability over the long-term, but only when managed correctly, this will facilitate the need for effective contract management professionals and system. This is the focus of this program.

For Whom:

Contract Administrators/Managers in corporations, businesses, labor organizations, governmental agencies contacting Officers, and other procurement specialists wanting more and in-depth training on advanced administration of contracts

Learning objectives:

At the end of the program, participants will be able to:

• negotiate contract terms with outside vendors;
• draft appropriate contracts and amendments;
• interpret contract provisions critically;
• recognize unique requirements, characteristics, and issues that arise in different contract settings;
• manage relationships with contractors in accordance with organizational policies and procedures;
• monitor performance of contracts against performance indicators to ensure all obligations under agreements are met;
• ensure that obligations to contractors are met in accordance with contractual agreements; and
• develop standard service contracts for routine services.

Course Outline

Day 1: Contract Formation, Structure and Risk

• How and when is it Legally enforceable
• Key Contractual Elements and Structure
• Ancillary Documents and Issues
• Different Legal Environments
• Defining Risk – Identification and Impact
• Key Contractual Risks
• Selecting a contract form
  • Letter of intent,
  • A letter contract,
• A formal contract

Day 2: Contracts Conditions and Documentation

• Allocation of risks and how disputes will be settled
• What does a contract consist of:
• General conditions,
• Specific Conditions,
• The contract documents

Day 3: Managing Contractual Risks and Liabilities

• Performance – Quality and Time
• Ownership and Risk of Loss or Damage
• External Events
• Pricing and Payment
• Limiting and Excluding Liability
• Breach of Contract

Day 4: Insurance, Indemnities, Types and Limitations

• What Are They, How Do They Work?
• Negligence – Simple or Gross?
• Operation in Different Legal Systems
• People and Property
• Cross Indemnities
• Catastrophe Risk
• Who Arranges, For Whose Benefit?
• Claims Handling

Day Five: Contractual Dispute Management

• Tiered Dispute Resolution Mechanisms
• Negotiation – Tools and Techniques
• Alternative Dispute Resolution
• Litigation and Arbitration and Enforcement
• Course Review and Learning Outcomes

The Course Package: Includes: Course material in soft copy, Tea break, Lunch, City tour, and certificate of attendance. A laptop with the soft copy of the course material loaded with a carrying bag will be presented to the participants at the end of the course.

Note: Payment is either U$D or the prevailing parallel market rate. We do not accept government official rate.

Training Methodology

• Methodology: Lectures, discussions, exercises, case studies, audio-visual aids will be used to reinforce these teaching/learning methods

For bookings and inquiries, call: +234-8051365946, +234-7087578814 (Office Lines)

24/7 Lines: +234-8068933608, +234-8029170491 & +234-8145745664 & +234-9112830607

Or send us an email:  info@hcaglobalconsult.com or hcaglobalconsult@gmail.com