Course Description

All commercial transactions carry risk: all organisation can manage risk by contractually determining the nature, content and consequences of all parties’ actions and omissions. Contracts give rise to a range of liabilities by parties assuming rights, responsibilities, duties and obligations, but which can be managed through contractual mechanisms.

This course in considers how organisation can identify and manage key contractual risks and liabilities – what are they, what do they mean, what are the consequences, who takes the risk, and who pays? It focuses on how best to deal with key contractual liability issues to minimize potential exposure to both the financial consequences and damage to reputation.

Course Goal

To enhance the participants’ knowledge, skills, and abilities necessary to manage the contractual liabilities and how to deal with claims and disputes.

Course Objectives

By the end of this course, participant will be able to:

• Identify when to legally enforce the contract.
• Assess and manage key contractual liabilities.
• Analyze how indemnities operate across industries.
• Evaluate the need and use of different types of insurance.
• Deal with claims and disputes.

Who Can Benefit

• Contracts Engineers.
• Project Managers.
• Procurement and Purchasing Staff.
• Finance and Audit Professionals.
• Anyone involved in the management of risk.