top of page
  • Offshore Oil and Gas Development Projects, Concepts and Facilities
    Offshore Oil and Gas Development Projects, Concepts and Facilities
    Participants in this training seminar will gain a good understanding of the concept selection, engineering, functional, processing, construction, project management, and cost aspects of oil and gas production and export facilities.
  • Strategic Management in Disruptive Times
    Strategic Management in Disruptive Times
    This program is designed to help you expand your strategic mindset, acquire the skills needed to gain stakeholder buy-in and translate strategy into value-driven decisions.
  • Hazardous Waste Management and Pollution: Contamination & Hazardous Waste - Management & Prevention
    Hazardous Waste Management and Pollution: Contamination & Hazardous Waste - Management & Prevention
    This training is addressed to provide further knowledge about the types of contaminants, the latest issue of contamination, and how to eliminate or minimize these contaminants.
  • Petroleum Project Economics & Risk Analysis
    Petroleum Project Economics & Risk Analysis
    This course provides practical guidance in the application of the techniques of the economic analysis currently used in the oil & gas industry
  • Managing Tenders, Specifications & Contracts
    Managing Tenders, Specifications & Contracts
    This seminar is designed to explore many of the best practices in the initial phases of contracting so that participants will be able to implement the steps needed to create maximum total value for their organization.
  • Project Management Fundamentals for Administrative Professionals
    Project Management Fundamentals for Administrative Professionals
    This Project Management training course will provide a practical approach that gives participants the basic knowledge, processes, skills, tools, and techniques to succeed in their respective industries.
  • Strategic Key Account Management
    Strategic Key Account Management
    Multiple Dates
    Thu, Oct 24
    This program is tailored to help you identify hidden opportunities for improving the health of the account.
  • Cost Reduction Management
    Cost Reduction Management
    Multiple Dates
    Thu, Oct 24
    This program will give you an in-depth understanding of what the true cost management is. It will show you the importance of being cost-conscious and reducing costs through good design and efficient operating practices while taking continuous action on overspending.
  • Sustainable Supply Chain Management
    Sustainable Supply Chain Management
    Multiple Dates
    Thu, Oct 24
    This course has a unique focus on sustainability and ethical trading. We’ll help you become a professional capable of making decisions that consider the full range of economic, social, and environmental impacts of supply chains.
  • Train the Trainer: From Design to Delivery (BNSP)
    Train the Trainer: From Design to Delivery (BNSP)
    "Training the Trainers" covers key areas in which prospective trainers have the responsibility of preparing, developing, delivering, and evaluating training programs. This course is geared toward the BNSP certification.
  • Project Management with Primavera
    Project Management with Primavera
    Multiple Dates
    Tue, Oct 29
    Primavera P6 solutions can assist you in making enhanced project management decisions by providing start-to-end, real-time visibility into all significant information.
  • Cash Flow and Treasury Management
    Cash Flow and Treasury Management
    Multiple Dates
    Mon, Nov 04
    This course is designed to provide information about an entity’s investing and financing activities during the accounting period, as well as show how much cash was generated by the period’s operations. The course will familiarize the participants with relevant financial information to make decisions
  • Basic Petroleum Economic and Risk Analysis for Supporting Personels
    Basic Petroleum Economic and Risk Analysis for Supporting Personels
    This introduction to petroleum economics is an engaging and highly motivating course that allows participants to grasp the fundamentals of how an upstream organization works in financial terms and what is needed to become a successful enterprise.
  • Management of Project Owners Estimate (OE/HPS)
    Management of Project Owners Estimate (OE/HPS)
    This workshop will be guided by speakers who have experience in project management and purchasing and extensive knowledge of statistics and accounting. Each seminar participant will be provided with the software for the calculation Owner Estimate.
  • BNSP Certified Human Resource Practitioner (CHRP)
    BNSP Certified Human Resource Practitioner (CHRP)
    This training exists as a provider of competency certification for HR practitioners. Competency certification is intended to be used as the competency certification scheme of the National Professional Certification Agency (BNSP) and refers to the applicable SKKNI in the field of HRM.
  • Process Safety Management (PSM)
    Process Safety Management (PSM)
    Multiple Dates
    Tue, Nov 05
    This training provides an in-depth study of each PSM element.
  • HR Management for Line Managers and Non-HR Professionals
    HR Management for Line Managers and Non-HR Professionals
    The program focuses on various dimensions of Human Resources which have immense utility in both the short and long term.
  • Workforce Planning and Recruitment
    Workforce Planning and Recruitment
    Multiple Dates
    Tue, Nov 05
    The Workforce Planning course will help you analyze the workforce, develop a strategy to match the demand for staff with the right people at the right time and create a plan for talent management and retention.

Our Upcoming Trainings

Contract Drafting for Procurement, Tendering & Commissioning
Contract Drafting for Procurement, Tendering & Commissioning

Wed, Sep 04

|

Indonesia

Contract Drafting for Procurement, Tendering & Commissioning

This course is addressed to help you construct an effective contract that maximizes the benefits to the organization and minimizes risk.

Registration is closed
See other events

Time & Location

1 more dates

Sep 04, 2024, 8:00 AM – Sep 05, 2024, 5:00 PM

Indonesia

About The Training

OVERVIEW

Drafting of contracts is essential to bridge a negotiation or agreement with a specific purpose or a common goal. Preparation of the contract is defined as a process to produce an agreement. Before a deal or agreement is established, the bargaining that results in conformity of the will is called negotiation.

 

The importance of effective contract drafting can determine the success of a partnership. However, many businesses do not understand how to draft a contract properly and effectively which causes problems in the future. Contract is the basis of the rights and obligations between parties in business activity. Therefore, the preparation of contract negotiations is closely linked with the elements that must be done in advance because technical negotiations act as a basic phase before formulating into constructing the clauses in the contract/agreement. A contract must be stronger to identify and minimize the risks for the organization and efficiently run the projects with minimum disputes. A contract should also focus on the specific needs of the particular business and the situation cannot be emphasized enough. 

This course is addressed to help you construct an effective contract that maximizes the benefits to the organization and minimizes risk.

OBJECTIVES

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

  • Construct relevant contracts for various purposes
  • Examine the commercial impact of particular terms and conditions
  • Examine the impact that would occur commercially to the certain terms and conditions
  • Develop a good contract to minimize disputes between the parties
  • Handle disputes efficiently and effectively
  • Using the methodology used in international contracts

TARGET PARTICIPANTS

  • Professionals
  • Business people
  • Entrepreneurs
  • All people who want to use contracts

COURSE CONTENTS

1. THE IMPORTANCE OF CONTRACT

  • Supervising the process of contract construction
  • The deal involved in the contract
  • Special tricks to negotiate effectively
  • Learning the offer and acceptance
  • Learning the battle of the forms
  • Learning about the considerations and intentions

2. A HANDS-ON GUIDE TO DRAFTING COMMERCIAL CONTRACTS

  • What is a Commercial Contract -The contract law fundamentals & elements
  • The difference between an MOU, a letter of Intent, an agreement
  • Converting MoU, Letter of Intent into a formal Contract
  • Formation of contracts - Techniques in drafting contracts
  • Introductory Provisions including Parties, Recitals, Definitions, etc
  • Critical Provisions including Appointment, Conditions Precedent, Consideration, Covenants, Term & Termination, Representations & Warranties & Indemnities
  • General Clauses like Governing Law, Arbitration, Force Majeure, Arbitration, etc.

3. TENDER PROCESS & DIFFERENT CONTRACT TYPES

  • Auctions and bids
  • Process dealing with tender
  • Inviting tender
  • Proposal’s request
  • Quotation’s request
  • Prequalification
  • Compliance
  • Letters of award
  • Heads of Terms and Letters of Comfort
  • Deciding the type of contract to be used
    • Advantages and disadvantages
    • Fixed fee to solve the problem
    • Modern methodology
  • Clauses to adjust the economic price
  • Bonds and Guarantees
  • Compliance with law/change of law

4. MAIN CONTRACT CLAUSES

  • Obligation to deliver/perform
    • Controlling subcontractors
    • Monitoring and Milestones
  • Payment’s secure
  • Ensuring prompt payment
  • Nonpayment remedies
  • Learning the usage of ‘Letters of Credit’
  • Parent Company Guarantees
  • Time and place of delivery
  • Transfer of title and risk – ICC Incoterms
  • The retention of title clauses
  • The importance of time
  • Delivery, Ownership, and Risk in Procurement
  • Insurance
  • Indemnities – when we need them
  • Liquidated Damages/Penalties and the dangers

5. OTHER KEY CONSIDERATIONS DURING THE COMMISSIONING PROCESS

  • Variations and changes
  • Liability beyond contract
  • The value of Intellectual property
  • When do contracts end?
  • Limiting liability
  • Warranty
  • Which law to apply to the contract?
  • Final contract review and close-out process

6. DEALING WITH DISPUTES

  • Compromise and settlement
  • Dispute Resolution clauses
  • Litigation
  • Arbitration

Share this Training

bottom of page