Managing the Contractual Relationship

Legal agreements – contracts – create relationships between parties. Each party makes binding promises to perform his obligations and receives rights from the other party- for example the obligation to do the work, benefits from a right to be paid for the work. By attending this training workshop, you will examine how these reciprocal promises make a legal agreement, and then consider different types of contract. We will also look at the risks inherent in contracts.

• Managing the relationship with the contractor
• Contract Law basics
• Contract Types
• Contract risks

This training workshop is suitable for:

• Contract Engineers
• Contract Analysts
• Commercial advisers
• Inhouse legal advisers
• Company Secretaries
• Procurement team members
• General managers
• Executives tasked with managing contracts.
• Contract Administrators
• Anyone who wishes to have a good understanding and develop the ability to apply the terms and conditions of a contract.

Upon completion of this training workshop, you will be able to:

• Explain the fundamentals of contract making.
• Discuss the different types of contract, especially those used in construction, such as the lump sum, schedule of rates or cost reimbursement contract.
• Consider particular risks that arise from creating a contract relationship, especially where non-performance by the other party leads to losses.