The Role and Responsibilities of the Contracts Manager Training: An Essential Course for Non-Lawyers

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Apr 24, 2023, 11:15 ET

DUBLIN, April 24, 2023 /PRNewswire/ -- The "The Role and Responsibilities of the Contracts Manager Training Course" training has been added to ResearchAndMarkets.com's offering.

This interactive programme will examine the contract after it has been signed and has to be implemented as written and will focus on giving you the necessary knowledge, tools and processes to be able to read and review contracts.

It will also give you the understanding and skills to communicate to others, internally and externally, the 'as sold' contract meaning to ensure that all promises are completed and that all parties remain within the protection of the legal agreement and are aware of the possible risks, liabilities and consequences if promises are broken.

You will learn how to apply a logical, systematic and comprehensive approach to reading, managing and implementing a contract so that you are confident and fully appreciate what is required of you, your team and the other contracting party(ies) to satisfy the legal obligations laid out in the contract. You will also be provided with a clear understanding of all the legal obligations and liabilities included within contract terms and conditions and gain valuable knowledge of best practice for monitoring and assessing the progress of contracts to ensure that they are actioned successfully and efficiently to provide the
best outcome possible for your organisation.

Drawing on the expert trainer's real-life experiences and using many workshop-style exercises and examples, the topics will be brought to life to help embed learning. There will also be ample opportunity to network with others in similar roles across different organisations.

Why you should attend

As a contracts manager you have the important and, sometimes, onerous responsibility of administering your organisation's contracts in the most efficient and effective way. This practical course provides an in-depth look at the extensive role and responsibilities of the contracts manager and will give you a comprehensive understanding of agreements and their terms.

To ensure the smooth execution of a contract and enable proactive management of potential risks, it is vital to have clarity between the parties of the promises made and the liability allocation. You need to fully understand the contract management framework and best practice to reduce risks in contract delivery, and successfully manage supplier relationships.

Practical exercises, facilitation and discussion sessions are used throughout the course to ensure delegates have a clear appreciation of the added value gained from being proactive in the planning and management of a contract. Attendees will be shown how to anticipate problems and resolve them before they become critical and potentially very costly, rather than managing the project in a reactionary manner.

Whether your contracts are local, national or global this programme will:

Boost your knowledge to understand and manage the legal obligations and requirements set out in the contract
Inject you and your project team with the energy to fulfil your obligations and ensure an effective working relationship with stakeholders
Anticipate where potential risks may arise and proactively manage them to minimise, or neutralise, their impact on the project
Deliver a toolkit of best practice techniques to use successfully on your next project

Who Should Attend:

Contracts managers
Project managers
Commercial managers
Finance managers
Business development managers
Procurement managers
Contract administrators and officers

This highly experiential programme is a must-attend event if you are:

Managing the execution of commercial contracts
Accountable and/or responsible for the successful completion of contracts
Involved in the drafting and negotiation of final contract documents
Unclear of the obligations that contracts place legally on you and your organisation
In need of a refresher on the risks associated with a project

Key Topics Covered:

Day 1

Module 1: Before work commences

Understanding the structure of a legal contract from the contracts manager's perspective

What is required for a contract to be legally binding? LILAC
Understanding what could make the contract void
Offer and acceptance - what they mean in practice
Invitation to treat
Letter of Intent, Authority to Proceed, Heads of Agreement
Legal status of a verbal vs a written contract: acceptance in writing, verbally or by conduct and their implications

PRACTICAL EXERCISE: Co-op vs ICL (International Computers Limited now part of Fujitsu)

Module 2: Reviewing and communicating the signed contract - making a plan of action

Identifying and engaging key stakeholders

Understanding the level of engagement needed for each stakeholder
Skills for effective teamworking - ensuring good communication within the project team
Ensuring the project team has the capacity and the capability to fulfil the contract
Communicating the contract requirements to the project team
Instilling value-for-money behaviours and actions
Assigning responsibility and accountability
Monitoring contract execution and providing feedback to stay on track

Understanding implied and express terms and how they affect contract execution

Understanding the starting point - implied terms
Understanding if and how express terms amend or deviate from implied terms and how they affect the contract in practice

PRACTICAL EXERCISE: Silence - focusing on key contract law acts, eg Sale of Goods Act

Recognising the promises of the contracting parties and their implications

Implications of the 'what', 'when' and 'how much' clauses
Understanding the scope of work/specification, including:
Promises of the supplier and customer
Acceptance criteria/measurement mechanism
Implications of the 'Reasonable' rule in English contract law
Importance of using the 'Definitions' section in the contract

PRACTICAL EXERCISE: Reviewing a scope of supply - identifying and interpreting the promises of each party and reviewing ambiguity

Proactive management of suppliers and subcontractors

The right to review, audit, monitor and drive progress of the contracting parties
Developing KPIs and monitoring against agreed performance goals
Service level agreements and motivating suppliers
Identifying risks and problem solving to keep the contract on track
Intellectual property rights and avoiding infringement
Non-disclosure agreements and managing confidential information

Day 2

Risk identification and management to ensure contract completion

The five stages of risk management: identification, evaluation, mitigation, continuous monitoring, lessons learnt
Categories of potential risk and their implications
Passing, capping and limiting risk clauses

PRACTICAL EXERCISE: Storyboarding - creating a risk register: identifying all the potential risks and which of the contracting parties is responsible/liable for which risks

Understanding the consequences of breach of contract

Risk of termination of the contract if a party breaks their promise/breaches the contract
Compensation, not penalty - the considerations
Force majeure and the Frustrated Contracts Act

Understanding the allocation of risk between the contracting parties

Passing commercial risk/liability with disclaimers, exclusion and indemnity clauses
Limiting commercial risk/liability with limit of liability clauses - liquidated damages
How to manage risk with Plan Bs - warranty clause
Unfair Contract Terms Act
Also consider the liability in tort/civil law

PRACTICAL EXERCISE: Review of a sample contract using a 'toolkit' to identify and evaluate commercial risks

Module 3: Proactive management of commercial risks throughout the contract

The five stages of managing commercial risk

Identifying the potential risks
Evaluating and analysing the risks
Proactive risk management - developing an action plan
Monitoring of the risks and their potential impact
Best practice - evaluating the lessons learnt ready for the future

PRACTICAL EXERCISE: Traffic light analysis: probability and impact, cost and schedule

Making contingency plans to ensure contract completion

Proactive risk management strategies/Mitigation/contingency planning
Solutions not problems approach
Optimum outcome if 'best' outcome is not possible
Moving the project forward - practical remedies

PRACTICAL EXERCISE: Proactive risk management: mitigation and contingency planning

For more information about this training visit https://www.researchandmarkets.com/r/xbwsfe

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