Negotiation and Preparation of Contract Documents

Negotiation and Preparation of Contract Documents

Key details

Mode of delivery: Classroom-based

Course code: PCM21E

Duration: 1 day

Fee: £925.00 + VAT

CPD Hours: 6

Course Overview

This session focuses on managing contract variations, handling claims, and addressing project delays, particularly within construction. Participants will explore the causes and consequences of delays, strategies for managing claims, and the application of acceleration and liquidated damages to mitigate risks and maintain timely contract performance.

Agenda

Claims, Variations and Delay

  • Managing contract variations
  • Consequences of delay, including delays by the employer or the contractor
  • Handling contractor claims for extension of time and additional costs, acceleration or disruption
  • Liquidated damages

Course Review

  • Summary and recap of key learning objectives
  • Action Planning

Target Audience

This course is suitable for:

  • Procurement managers and supply chain professionals responsible for contract strategy and risk assessment.
  • Project managers who handle contract variations, delays, and performance issues.
  • Legal and compliance professionals involved in contract review and risk mitigation.
  • Contract and commercial managers who handle contract extensions, defects, contractor claims and disputes.
  • Professionals in construction, oil and gas, energy, engineering, and manufacturing industries who manage contract performance.

Learning Outcomes

By the end of this course, you will be able to implement a successful strategy that enables you to:

  • Identify and evaluate different types of contract variations and their impact on project scope and cost.
  • Analyse the consequences of delays caused by both employers and contractors and determine appropriate remedies
  • Apply legal and contractual principles to assess claims for additional time, costs, acceleration, and liquidated damages.

Categories

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