: Mercury Training Center
: Istanbul-Turkey: +905395991206 - Amman-Jordan: +962785666966 - London (UK): +447481362802

Conferences

Contract Risk Management & Compliance


Introduction:

One of the major functions of contracting is to ensure that risks to owners and contractors are identified and managed in a way that both parties are satisfied with the project outcome. While a contract cannot, of itself, make risk “go away”, it can, and should, identify the risks, determine who is responsible for managing each risk, and for the consequences should the risk occur

Targeted Groups:

  • Contracts, Tendering, Purchasing, Procurement, and Project Personnel
  • Contract Administration, Engineering, Operational and Maintenance Personnel
  • Risk, Claims, Financial, and Audit Personnel
  • Project Management Professionals
  • And all others who are involved in the planning, evaluation, preparation and management of tenders, specifications, awards, and contracts that cover the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities

Conference Objectives:

At the end of this conference the participants will be able to:

  • Provide an understanding of how risk arises·
  • Compare different methods of identifying and assessing risk·
  • Review the impacts of different approaches to risk allocation·
  • Explore different Contract types to transfer risks·
  • Consider the contractual techniques to ensure effective risk allocation·
  • Review risk management techniques during the life of a contract·

Targeted Competencies:

  • Critical understanding of the risk mitigation process
  • Knowledge to move contracts from the tactical to a more important strategic focus
  • Ability to identify risks that can arise
  • Skills in allocating contract and procurement risk
  • Examples of Contract Terms and Conditions which allocate risk

Conference Content:
Unit 1: Types and Management of Risk:

  • The Need for Contractual Relationships
  • Defining Risk
  • Categories of R for Both Sides of a Contract
  • Risk Assessment Process
  • Managing Risk
  • Qualifying Suppliers
  • Defining Internal Control
  • Proportionality of Control

Unit 2: Minimizing and Transferring Risk:

  • Transferring risk through Contract Types
  • Firm Fixed Price or Lump Sum Contracts
  • Cost reimbursable Contracts
  • Incentive Contracts
  • Award-Fee Pricing Arrangements
  • Indemnities
  • Cross Indemnities
  • Insurance

Unit 3: Risk-Related Terms & Conditions:

  • External events
  • Force majeure
  • Strikes and other labor disputes
  • Risk and Title
  • Use of ICC Incoterms
  • Assignment and Novation
  • Other clauses that need to flow down to sub-contractors
  • Risks associated with Sub-Contractors

Unit 4: Dealing with Financial Risks:

  • Controlling Risk Associated with Payments
  • Currency Risk
  • Economic Risk
  • Fraud and Corruption
  • Limiting or excluding liability
  • Distinctions between liability in contract, and the general law
  • “Gross negligence”
  • A review of some sample clauses from standard contracts, and other real documents

Unit 5: Remedies When Bad Stuff Happens:

  • Mistakes and Misrepresentations
  • Impracticability of Performance
  • Remedies Generally
  • Types of Remedies
  • Liquated damages
  • Warranties
  • Cover


Switzerland (Geneva)
13/12/2021 - 17/12/2021
Euro 4500
Netherlands (Amsterdam)
13/12/2021 - 17/12/2021
Euro 4500
Kuwait (Kuwait)
19/12/2021 - 23/12/2021
Euro 2500
France (Paris)
20/12/2021 - 24/12/2021
Euro 4500
Canada (Toronto)
20/12/2021 - 24/12/2021
Euro 5000
UAE (Dubai)
26/12/2021 - 30/12/2021
Euro 3700
Italy (Rome)
3/1/2022 - 7/1/2022
Euro 4500
Manama (Bahrain)
9/1/2022 - 13/1/2022
Euro 2500
UK (London)
24/1/2022 - 28/1/2022
Euro 4500
Netherlands (Amsterdam)
24/1/2022 - 28/1/2022
Euro 4500
UAE (Dubai)
30/1/2022 - 3/2/2022
Euro 3700
Jordan (Amman)
30/1/2022 - 3/2/2022
Euro 2500
Egypt (Sharm El-Sheikh)
30/1/2022 - 3/2/2022
Euro 2500
Online
30/1/2022 - 3/2/2022
Euro 1250
Spain (madrid)
14/2/2022 - 18/2/2022
Euro 4500
Turkey (Istanbul)
20/2/2022 - 24/2/2022
Euro 3000
Singapore (Singapore)
7/3/2022 - 11/3/2022
Euro 4500
Egypt (Cairo)
13/3/2022 - 17/3/2022
Euro 2500
Spain (Barcelona)
21/3/2022 - 25/3/2022
Euro 4500
Malaysia (Kuala Lumpur)
3/4/2022 - 7/4/2022
Euro 3500
Online
10/4/2022 - 14/4/2022
Euro 1250
Oman(Muscat)
8/5/2022 - 12/5/2022
Euro 2500
Spain (Barcelona)
9/5/2022 - 13/5/2022
Euro 4500
Morocco (Casablanca)
16/5/2022 - 20/5/2022
Euro 2500
Egypt (Cairo)
22/5/2022 - 26/5/2022
Euro 2500
Turkey (Istanbul)
22/5/2022 - 26/5/2022
Euro 3000
Spain (Marbella)
30/5/2022 - 3/6/2022
Euro 4500
Switzerland (Geneva)
6/6/2022 - 10/6/2022
Euro 4500
USA (Boston)
6/6/2022 - 10/6/2022
Euro 5000
France (Paris)
13/6/2022 - 17/6/2022
Euro 4500
UAE (Dubai)
3/7/2022 - 7/7/2022
Euro 3700
Malaysia (Kuala Lumpur)
17/7/2022 - 21/7/2022
Euro 3500
Online
31/7/2022 - 4/8/2022
Euro 1250
UK (London)
8/8/2022 - 12/8/2022
Euro 4500
Spain (madrid)
15/8/2022 - 19/8/2022
Euro 4500
Turkey (Istanbul)
21/8/2022 - 25/8/2022
Euro 3000
Italy (Rome)
29/8/2022 - 2/9/2022
Euro 4500
Ukraine (Kyiv)
5/9/2022 - 9/9/2022
Euro 3500
Egypt (Sharm El-Sheikh)
11/9/2022 - 15/9/2022
Euro 2500
UAE (Dubai)
25/9/2022 - 29/9/2022
Euro 3700
Egypt (Cairo)
2/10/2022 - 6/10/2022
Euro 2500
Jordan (Amman)
2/10/2022 - 6/10/2022
Euro 2500
Germany (Munich)
3/10/2022 - 7/10/2022
Euro 4500
Greece (Athens)
3/10/2022 - 7/10/2022
Euro 4500
UAE (Dubai)
9/10/2022 - 13/10/2022
Euro 3700
Kuwait (Kuwait)
9/10/2022 - 13/10/2022
Euro 2500
Manama (Bahrain)
16/10/2022 - 20/10/2022
Euro 2500
Online
16/10/2022 - 20/10/2022
Euro 1250
Malaysia (Kuala Lumpur)
23/10/2022 - 27/10/2022
Euro 3500
France (Paris)
31/10/2022 - 4/11/2022
Euro 4500