Course Overview

Various projects often require significant investment of time and resources, therefore stakeholders need to carefully look into their contractual responsibilities to ensure minimum disruption to their ventures. Key parties need to identify the potential risks and explore mitigation solutions prior to the start of their projects. As part of continuity planning, key parties are required to work through effective risk management policies in managing contracts.

Training DurationTotal Training Hours : 30 Hours
Training Duration : 1 Week
Total Training Days : 5 Working Days
Training SchedulesWeekdays (Sunday to Thursday)
Regular Sessions : 6 Hrs Per day (9am to 2pm or 3.00pm to 9.00 pm)
Food & refreshments Included

WeekEnds (Friday & Saturday)
Fast Track Sessions: 8 Hours per day (9am to 5pm)
Food & refreshments Included

1) Certificate from Laurels Training Institute, Attested by Knowledge & Human Development Authority (KHDA) government of Dubai, UAE - With Online Worldwide recognition facility

2) Certificate from American Institute of Professional Studies (AIPS) from USA (After 15 Days of course Completion which will couriered to the attendees office address) - With Online Worldwide recognition facility "

Learning AidsYes
Course MaterialHard & Soft Copies of Study Material
Language of InstructionEnglish
Instructor HelplineYes
1. Email
2. Social Media (For Emergency requirements)
Registration Requirements1. Passport Copy
2. Curriculum Vitae
3. Passport size photographs
4. Course Fee
Mode of Payment:Cash / Cheque / Credit Card / Bank Transfer.
Eligibility Criteria
(Who should attend this training)

This event is designed for project owners, project managers, financial controllers, contract/procurement managers, purchasers, sales and marketing professionals and other stakeholders involved in managing projects and contracts involved.

• Contract negotiators

• Legal managers

• In-house lawyers

• Legal counsels

• Business development managers

• Business planners 
Course Benefits

Broaden your understanding of what contracts risk impacts on projects

• Understand better the business partners concerns regarding risk and avoid future challenges

• Learn how to improve the risk clauses used in your company

• Review examples and best practices from around the world and manage contract risk

• Get an insight into assessment techniques such as mapping and risk metrics from a legal perspective

• Participate in challenging contract drafting exercises and ensure a robust contract in the future
Course Contents / Outline

Types & Management of Risk

The requirement for Contractual Relationships

Defining Risk

Categories of Risk for Both Sides of a Contract

Risk Assessment Process

Managing Risk

Qualifying Suppliers

Defining Internal Control

Proportionality of Control


Minimizing & Transferring Risk

Transferring Risk through Contract Types

Firm Fixed Price or Lump Sum Contracts

Cost Reimbursable Contracts

Incentive Contracts

Award-Fee Pricing Arrangements


Cross Indemnities



Risk Related Terms & Conditions

External Events

Force Majeure

Strikes and Other Labour 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


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


Remedies When Bad Stuff Happens

Mistakes and Misrepresentations

Impracticability of Performance

Remedies Generally

Types of Remedies

Liquated Damages


© Laurels Training Institute 2017. All Rights Reserved.