top of page
  • Strategic Key Account Management
    Strategic Key Account Management
    Multiple Dates
    Mon, Jun 24
    This program is tailored to help you identify hidden opportunities for improving the health of the account.
  • Accounting For Non-Accountants
    Accounting For Non-Accountants
    Multiple Dates
    Mon, Jun 24
    This 2-day course introduces accounting principles for non-accountants.
  • Pelatihan Masa Persiapan Pensiun (Retirement Readiness Training)
    Pelatihan Masa Persiapan Pensiun (Retirement Readiness Training)
    This training will be aimed at helping companies to change the existing retirement paradigm.
  • Offshore & Marine Projects and Risks Management
    Offshore & Marine Projects and Risks Management
    In this Project Risk Management seminar, you’ll work through the proactive approach to both sides of risk: threats and opportunities.
  • Creative and Innovative Thinking
    Creative and Innovative Thinking
    Multiple Dates
    Tue, Jun 25
    Creativity and Innovation Training Course covers creative thinking and problem-solving methods that generate new ideas and solve problems.
  • Effective Communication Skills in New Era
    Effective Communication Skills in New Era
    This training will provide participants with a framework for communicating more effectively by understanding other people’s points of view, and by customizing our messages to reach them effectively.
  • Distributed Control System
    Distributed Control System
    Multiple Dates
    Wed, Jun 26
    This training course has been designed with these recent trends in mind while covering the most important components of a DCS in detail. Emphasis is placed on DCS operation, networking, HMI, and Alarms
  • Introduction to Oil & Gas EPC and Project Management for Non Engineers
    Introduction to Oil & Gas EPC and Project Management for Non Engineers
    This course is designed for you who want to enhance your project management skills and to be able to work effectively within your project management teams.
  • Electronic Filing & Documentation Management
    Electronic Filing & Documentation Management
    If the concept of a filing document management system is used properly in an organization, it will help maximize the service process, both to internal customers and to external customers, to create a good image and enhance the competitiveness of the organization.
  • International Oil & Gas Business Management
    International Oil & Gas Business Management
    This course will provide a basis for functional managers and those whose experience has been limited to a particular area of the industry, to prepare for additional responsibilities by providing a broad base of knowledge covering the total spectrum of the Oil and Gas business and related skills.
  • Strategic Human Resources & Talent Management
    Strategic Human Resources & Talent Management
    "The Strategic Human Resources Management" course is based on a proactive approach to the management of people. Using your workplace as the starting point, you will walk through a strategic, competency-based human resource management facilitation model.
  • Contract Administration: Understanding and Implementing Contractual Obligation
    Contract Administration: Understanding and Implementing Contractual Obligation
    The overall aim of this course is to provide participants with the knowledge, concepts, skills, and tools necessary to manage and administer contracts post-award.
  • Project Management with Primavera
    Project Management with Primavera
    Multiple Dates
    Tue, Jul 02
    Primavera P6 solutions can assist you in making enhanced project management decisions by providing start-to-end, real-time visibility into all significant information.
  • 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 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.
  • Mastering Strategic Planning
    Mastering Strategic Planning
    Multiple Dates
    Tue, Jul 02
  • HR for Non HR Executives/Non HR Managers
    HR for Non HR Executives/Non HR Managers
    HR for Non-HR Managers course highlights the full employee lifecycle from pre-employment to post-termination and includes the main labor laws that affect the employer-employee relationship.
  • Simplification of Work Processes & Procedures
    Simplification of Work Processes & Procedures
    This practical and highly engaging course will prepare all participants to design, develop, manage, control, implement, simplify, and monitor work processes and procedures and associated management system documents such as work instructions, forms, labels, and tags.

Our Upcoming Trainings

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

Tue, Dec 17

|

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.

Time & Location

1 more dates

Dec 17, 2024, 8:00 AM – Dec 18, 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