Workshop on 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;
⦁ critically interpret contract provisions;
⦁ 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
⦁ Gross 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