Effective contract and risk management, combined with precise tendering and contractor selection, are vital to ensuring project success across industries. The ability to develop robust contracts, mitigate potential risks, and select the most qualified contractors not only protects organizational interests but also drives operational excellence. This course equips participants with the knowledge and tools needed to navigate the complexities of procurement, contracting, and risk management in a competitive marketplace.
Organizations face challenges in aligning their procurement processes with strategic objectives while maintaining compliance with legal and regulatory requirements. Poorly drafted contracts, inadequate risk assessment, and suboptimal contractor selection can lead to delays, financial losses, and reputational damage. This workshop addresses these issues by emphasizing best practices in drafting, evaluating, and negotiating contracts while managing associated risks effectively.
Participants will explore the lifecycle of tendering and contracting, starting from identifying project needs to managing contractor relationships post-award. Practical techniques for assessing contractor capabilities, evaluating tender submissions, and mitigating legal and financial risks will be examined in detail. Additionally, the course will provide insights into contemporary challenges, including managing force majeure clauses, handling contract disputes, and navigating complex regulatory environments.
This certificate program is designed to build confidence in applying systematic approaches to tendering and contract management. It blends theoretical knowledge with real-world applications, using case studies and practical examples to illustrate effective strategies and solutions.
Risk management is a key focus, with participants learning to identify, evaluate, and mitigate risks throughout the contract lifecycle. Emphasis will also be placed on performance monitoring, ensuring that contractors meet deliverables within the agreed-upon scope, budget, and timeframe.
By the end of this workshop, participants will gain actionable insights and skills to make informed decisions in tendering, contract management, and risk assessment. This knowledge will empower professionals to optimize procurement outcomes, ensure compliance, and safeguard organizational resources.
