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Managing Contract Risks and Ensuring Compliance

Managing Contract Risks and Ensuring Compliance

This course deals with the management of contract risks and the assurance of compliance, addressing three issues of risk identification, risk mitigation, and risk management while focusing on legal and regulatory requirements.

City Start Date End Date Fees Register Enquire Download
Kuala Lumpur 16-06-2025 20-06-2025 4950 $ Register Enquire
Cairo 23-06-2025 27-06-2025 3950 $ Register Enquire
Geneva 30-06-2025 04-07-2025 5600 $ Register Enquire
Zurich 07-07-2025 11-07-2025 5600 $ Register Enquire
Barcelona 14-07-2025 18-07-2025 6200 $ Register Enquire
Jakarta 21-07-2025 25-07-2025 4950 $ Register Enquire
London 28-07-2025 01-08-2025 6200 $ Register Enquire
Geneva 04-08-2025 08-08-2025 5600 $ Register Enquire
Madrid 11-08-2025 15-08-2025 6200 $ Register Enquire
London 18-08-2025 22-08-2025 6200 $ Register Enquire
Kuala Lumpur 25-08-2025 29-08-2025 4950 $ Register Enquire
Dubai 01-09-2025 05-09-2025 4300 $ Register Enquire
Madrid 15-09-2025 19-09-2025 6200 $ Register Enquire
London 22-09-2025 26-09-2025 6200 $ Register Enquire
Amsterdam 29-09-2025 03-10-2025 6200 $ Register Enquire
London 06-10-2025 10-10-2025 6200 $ Register Enquire
Paris 13-10-2025 17-10-2025 6200 $ Register Enquire
Dubai 27-10-2025 31-10-2025 4300 $ Register Enquire
Amsterdam 03-11-2025 07-11-2025 6200 $ Register Enquire
Dubai 10-11-2025 14-11-2025 4300 $ Register Enquire
Krakow 17-11-2025 21-11-2025 6200 $ Register Enquire
London 24-11-2025 28-11-2025 6200 $ Register Enquire
Amsterdam 01-12-2025 05-12-2025 6200 $ Register Enquire
Cairo 15-12-2025 19-12-2025 3950 $ Register Enquire
London 22-12-2025 26-12-2025 6200 $ Register Enquire
Casablanca 29-12-2025 02-01-2026 4950 $ Register Enquire

Managing Contract Risks and Ensuring Compliance Course

Introduction:

Contract risk management and compliance is critical in ensuring that both owners and contractors effectively identify and control risks, achieving satisfactory project outcomes. Signing a contract does not eliminate risks; instead, a contract can only outline foreseeable risks, assign responsibility for managing them, and specify the consequences if those risks materialize. This Contract Risk Management and Compliance course focuses on equipping participants with the knowledge to manage risks associated with contracts, ensuring successful project results.

 

Objectives:

At the end of this Contract Risk Management and Compliance course, participants will be able to:

  • Understand the concept of risk in contract management.
  • Compare risk identification and analysis techniques.
  • Evaluate the impact of various risk allocation methods on contract compliance.
  • Identify contract types suitable for risk transfer in advanced risk management.
  • Assess risk management tools, including contractual provisions.
  • Address equity and contractual compliance issues in case of default or changes.

 

Training Methodology:

  • Case studies
  • Interactive workshops
  • Exercises on risk assessment
  • Group sessions
  • Casuistry
  • Simulation
  • Expert inputs
  • Scenario evaluation

 

Course Outline:

Unit 1: Types and Management of Risk

  • The importance of risk in contract risk management.
  • Risks for both parties in a contract.
  • Managing risks using risk management tools.
  • Basic principles of compliance risk management.
  • Internal controls for managing contract risks.
  • Relationship between risk management and contract management.

 

Unit 2: Minimizing and Transferring Risk

  • Methods of risk transfer: contract types.
  • Fixed-price vs. lump-sum contracts for measurable risks.
  • Aligning objectives and controlling contract risks.
  • Risk management tools: indemnities and insurance.
  • Use of cross indemnities and insurance.

 

Unit 3: Terms and Conditions Related to Risks

  • External risks and their management.
  • Force majeure and other risk clauses.
  • Impact of industrial actions and title risks.
  • ICC terms and contract compliance measures.
  • Management of risks related to subcontractors and other parties.

 

Unit 4: Financial Risks Management

  • Payment-related risks and currency risk in international contracts.
  • Economic risks and fraud management.
  • Liability under contracts vs. general law.
  • Impact of "wanton misconduct" on compliance.
  • Understanding contract risks through standard documents.

 

Unit 5: Remedies for Contract Risk Issues

  • Addressing errors and omissions in risk management.
  • Doctrine of impossibility of performance and its role.
  • Common solutions and remedies for contract risk compliance.
  • Role of liquidated damages and warranties in contract management.
  • Management of risk events and coverage.

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