The overall aim of this course is to provide participants with the knowledge, concepts and skills needed to negotiate in each phase of the contract life cycle successfully in order to maintain a good relationship between the two parties, and to reach a win-win outcome.
Participants in this interactive course will learn how to analyze the issues, identify the best practices in negotiating the scope of work, terms and conditions, claims, variation orders and disputes.
Course Methodology
This course relies on the use of individual and group exercises aimed at helping participants learn all key contract management activities. The course also features the use of a number of case studies, presentations and role plays by participants followed by discussions. In addition, this course incorporates pre and post testing.
Course Objectives
By the end of the course, participants will be able to:
Recognize the important role of negotiation in developing a solid contract and the implications of failing to do so
Identify fundamental concepts of successful negotiations including problem solving, communication, and planning techniques that will help in achieving a win-win outcome
Plan and conduct several contract related negotiations in a formal structured manner
Outline critical provisions in the scope of work and explore collaborative approaches to secure agreements on these provisions
Negotiate contractual claims and change orders in order to avoid disputes and legal issues
Discover some of the tactics that are used during contract negotiations
Target Audience
Those involved in contract and business related negotiations. The course will also benefit those involved in negotiating the procurement of goods and services, manpower and different types of material or supplies. This program is worth 30 PDUs.
Target Competencies
Negotiating contracts
Contract preparation
Handling claims
Change management
Technical terms and conditions
Contract administration
Course Outline
Principles of contracts
Elements of a contract
Purpose of contracting
Stages in contract development
Contracting plans and strategies
Contracting methods
When to negotiate and when to tender
Negotiating principles
Concept of negotiation
Secrets of a successful negotiation
Best Alternative to a Negotiated Agreement (BATNA)