Contractual Risk Management


Course Objectives

  • To enable the participants to determine the elements of the contract risk management procedure
  • To enable the participants to draw a parallel between contract management and contract risk management
  • To highlight the effective ways to detect, assess, reduce, and monitor contract risks
  • To recognize and describe the many ways in which contract risks manifest
  • To enable comparison between different strategies for identifying and measuring risk
  • To assess the consequences of various measures when allocating risk
  • To understand the effects of various risk-allocation strategies
  • To highlight techniques of risk transfer in contract management
  • To develop the ability to comprehend real contract management requirements and client accountability
  • To facilitate better communication between the commercial, technical, and legal departments to handle issues throughout the lifecycle of a contract
Course Outline

 Understanding and Detecting Contracting Risk

  • Different types of risks in risk management
  • Contractual Relationships: What You Need to Know
  • Both sides of a contract have risk categories established.
  • Risk assessment procedure
  • Management of risks

Transferring and Minimising Risk

  • Risk is transferred through several contract types
  • Contracts with a lump sum payment or a hard fixed price
  • Contracts: reimbursable costs
  • Incentive Contracts as a Concept
  • Arrangements for Pricing: Award fee
  • Indemnities as a concept
  • Description of the Cross Indemnities Concept: Insurance

Types of Contractual Risks

  • Financial contract risk
  • Value leakage
  • Legal contract risks
  • Reputational contractual risks
  • Controversial contract terms
  • Security contract risk

Conditions and Phrases Associated with Risk

  • Events on a larger scale
  • Force majeure
  • Strikes and labour disputes
  • Title and danger
  • Assignment and novation
  • Clauses for subcontractors
  • Risks linked with subcontractors

 Dealing with Financial Risks

  • Payments: Managing the risks associated with payments
  • Currency dangers
  • Economic Risk as a Concept
  • Corruption and deception
  • Excluding or restricting liability
  • Distinctions between contract liability and general liability
  • Common law and the distinctions between contract and tort responsibility

 

المواعيد المتاحة

ابو ظبي
من 05-05-2025    الى 09-05-2025
دبى
من 30-06-2025    الى 04-07-2025
لندن
من 28-07-2025    الى 01-08-2025
دبى
من 25-08-2025    الى 29-08-2025
أمستردام
من 15-09-2025    الى 19-09-2025
القاهرة
من 13-10-2025    الى 17-10-2025
دبى
من 10-11-2025    الى 14-11-2025