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Commercial Awareness Course
A comprehensive one day course that will provide a solid grounding in understanding the key commercial issues that are essential for successful Infrastructure or Utility Contract Management . The course will aim to provide an overview to Contractual Formation & Types, Contractual and Payment Mechanisms, Contract Law, Commercial Terminology, Dispute Resolution and Contract Communication & Notices.
£1,600
1 Day
Up To 8 Delegates
Who is the course aimed at?
Operational & Support Function Managers
Supervisors especially those seeking to move into Management
Finance Managers and Administrators
Contract and Commercial Administrators
Functional, engineering, administrative or technical staff
Staff identified as having the potential to be developed
Course Content
1. Contract Formation
What is a Contract
Types of Contract – NEC , FDIC , JCT & Bespoke
How is a Contract formed
Contract layout
Contract Strategy
Payment Mechanisms
2. Introduction to Contract Law
Offer and Acceptance
Consideration and Estoppel
Terms of Contract
Breach and Termination
Damages
3. Terminology
Key Definitions & Words
Acronyms
4. Change Management
Why does it occur
Mechanisms
Implications
Time and Cost
5. Dispute Resolution
Starting Arbitration / Dispute
Mediation
Adjudication
Court Procedure
6. Contarct Commincation and Notcies
Methods
Importance of Communication
Implications of Communication and Notice
7. Summary and Exam
Course Benefits
Reduced Risk of action that may have negative Contractual and Financial implication
Understanding of the risks associated with Communication and Notices
Improved Communication between Operational and Support Teams and the Commercial / QS Teams