Overview
Covid-19 is becoming as much an economic crisis as a public health emergency, with many contractors suffering from broken supply chains, poor cash flow, or legal impediments to performing their contractual obligations. In this unstable world, which has also been compromised by a dramatic drop in the oil price, our previously dependable strategic suppliers are now struggling to deliver the materials, services or works upon which we relied.
This cutting-edge Online Training Course takes a clear look at the role of contract management in the new, Post-Covid world. Join colleagues from across the world in a highly participative online three-day event, and rethink the contract management task and plan ahead.
- At the end of this Online Training Course, you will learn to:
- • Identify and examine the strategic supply risks that contract owners face as a result of the Coronavirus pandemic.
- • Guide contract owners in their analysis of their major contracts, to ensure they can to protect their organizations if their contracts go wrong.
- • Analyze the essential elements to include in a commercial agreement to manage the risks of contractor failure.
- • Apply the protective measures that will be in existing contracts, such as contract variation, termination for convenience, or Force Majeure.
- • Address new risks that have appeared, for health & safety, economic or other reasons.
- • Re-focus their contracts – or even bringing them to an end – to meet new demands and constraints.
- • Reduce the cost of some contracts compared with what is available in the changed market.
- • Implement new contracts to meet new business requirements on the best terms we can get.
TARGET AUDIENCE
This Course is suitable for a broad range of people, but will greatly benefit:
• Contracts Engineers
• Contracts Administration Professionals
• Contract Managers
• Commercial Managers
• Procurement Department members
• Anyone responsible for negotiating, drafting and preparing contracts
• Covid-19 – what’s the situation now?
• Planning for the 90% Economy
• What are the concurrent challenges facing contractors?
• The normal objectives from Contract Management
• What to do when contractors say “I can’t perform”
• Force Majeure – is it a show-stopper or an opportunity?
• Why paying in advance may be appropriate?
• Understanding your own contractual position
• Negotiating a resolution to obstacles to contract performance
• Responsible and Fair contractual behavior
• Your contract management action plan checklist for the next 60 days
