Certificate in Contract Development, Negotiation & Management (CCDNM™)
Certificate in Contract Development, Negotiation & Management (CCDNMTM)Increasingly organisations globally are looking to their contracting function to effectively underpin the operational benefits obtained through both tendering and or negotiation. In addition to effectively contractualising these benefits, contract teams are also expected to be able to balance liabilities, protect against the impacts of termination and ensure that the resulting contract is legally compliant and effective both locally, regionally and internationally.
This interactive five day accredited course leads delegates through the full end of the contracting process, from establishing the specific contract objectives and prioritization of these objectives, through to effective contract negotiation and drafting. The course covers both the technical/legal aspects of contract construction and also expands to incorporate cross cultural contract considerations within both UNCITRAL and International Law and crucially the art of cross cultural negotiation from both a Western, Middle East and Pan-Asean perspective. Enabling delegates to complete the course fully equipped with an understanding of the key legal principles that underpin contracts globally and how these principles may be utilized within effective contract clause construction in order that they are able to provide the optimum contract format that both protects against risks whilst providing capture of operational benefits.
Benefits of attending
By attending this interactive course you will be equipped with the skills to:
- Limit your organization’s exposure through effective contract structuring, negotiation & drafting
- Cultivate a better understanding and appreciation of contracting strategies
- Gain knowledge of complex agreements and the terms and conditions that most often cause contention
- Build flexibility into your contracts by reviewing the applicability of provisions
- Incorporate the latest international legislative and legal issues into your contract risk management process, including UNCITRAL Framework
- Discover current best practice and techniques for defining and managing contract risk, setting & managing performance criteria
- Examine and evaluate the methodology and benefits behind standard contracts
- Review key contractual differences between products, services and solutions
- Explore distribution, sub-contracting, and other third-party relationships.
- Appreciate the key principles behind contractual damage clauses and apply these principles for optimum outcomes for your organization.
Who should attend?
This highly practical and interactive course has been specifically designed for:
- Contract Management Professionals
- Contract Managers and Administrators
- Contract Negotiators
- Contract Lawyers and Attorneys
- Sales Contracting Professionals, including key account managers
- Purchasing, Sourcing and Supply Management Professionals
- Procurement Managers
- Finance Professionals involved in contracting
- Operational Managers
- Commercial Relationship Managers
- Risk & Compliance Managers
- Plus! End-users who impact, or are impacted by, the contracting process
5 Day Course Outline
Prioritizing the contracting objectives
- Developing a list of contracting objectives – technical and commercial to legal
- Balancing Quality, Cost, Delivery & Risk considerations
- The difference between rating and ranking – and the iterative approach
- Separating wants from needs – defining mission critical contractual objectives & managing stakeholder expectation
Key Contract provisions
- Reassessing indemnity and warranty clauses
- Appraisal and benefits of “Knock for Knock” Liability Clauses
- Understanding the full effects of Anti-Indemnity statutes
- Considering alternative pricing clauses –whole life cost approach and alignment with
- Contract objectives
- Overview of contractual obligations which may only be determined by the court
- HSE, Pollution/Spillage
- Case study analysis & review – BP & TransOcean
- Determine the best course of action through applied risk assessment
- Consider your termination rights and the consequences for your operations
- Look for alternatives in penalty clauses and rights of release clauses
- Enforcing clear language in unclear circumstances
Contract negotiation considerations
- Can enterprises renegotiate rates on the basis of the current market chaos?
- Cost analysis models in contract negotiations – issues and opportunities
- Utilising Porters 5 Forces Model – Understand where the balance of power lies
- Between Buyers & Contractors
- Have you gained or lost negotiating power due to recent trends?
Understanding the power & influence matrix and their impact on contracting
- The keys to maximizing power
- Understanding the shift in power and how to control the shift
- The impact of power on negotiations
- Developing a contract specific power influence matrix
- Aligning Contracting Contribution with organizational Strategy
- Corporate growth strategies and how to enable them
- Ensuring & demonstrating Corporate Governance through contracting
- Policies that can be either enabled or disabled through effective contracting
Integrating sourcing and sales strategies into the contracting strategy
- Strategic sourcing and category strategies
- Understanding how sales and revenue recognition strategies drive transactions and negotiations
- Integrating commercial relationships across the entire enterprise – how can sourcing impact sales and vice versa?
Defining the contracting process
- The key phases in world-class contracting processes
- Managing the gates in a gated contracting process
- Mobilizing the optimal tools and talents throughout the contracting process
Key international and cross-cultural contracting Issues
- Assessing key changes within international contracting frameworks – UNCITRAL Impact
- Key elements of International Law & Trade treaties – The impact upon cross cultural Contracting
- Key cultural considerations in contracting – from development and drafting to Negotiation and ongoing vendor relationship management
- Executing contracts globally – review of key requirements including use of digital Signatures
- Managing contractual breach – cultural considerations
Key Equipment and Materials contracts
- Capital equipment agreements
- Equipment rental and lease agreements
- MRO in the operations environment
- Ensuring supply continuity within remote operating environment
- Contractually managing inventory to ensure operational performance
Key Service contracts
- Maintenance services
- Consulting and outsourcing services
- Environmental remediation services
- Transportation and logistics agreements
- Joint ventures – Key IFRS definition & contract party management
- Contractors and their sub-contractors ensuring compliance, reputational protection
- For the buyer organization & exploring excusable/non-excusable delay clauses
- Teaming agreements – risks and rewards
- Distribution and reseller agreements
- Effectively managing Force Majeure clauses
Open discussion on existing contract types and approaches
- Types of Contracts – FEED Competition, EPC, EPCM, Reimbursable, Reimbursable
- Convertible to Lump Sum, Lump Sum Turnkey, etc. & their pros and cons
- Partnerships and Alliances in Contracts – Critical Issues (covering types of partnerships – JV, Consortium, Nominated Subcontractor, etc.)
- Critical Contract Clauses and Related Issues, Contractual Risks in Contracts
- Risks Management in Contracts
- Contractual Risks and Mitigation Measures in Contracts, covering key contract terms and conditions, contractual risks, risks identification, mitigation and management
- Claims Management in Contracts – A win-win approach (or) Effective Management of Variations & Claims
- Disputes and Resolution Mechanisms in Contracts
- Alternative Dispute Resolution (ADR) in Contracts
- Disputes Management in Contracts
- Dispute Avoidance and Mitigation- Overview of UNCITRAL Objectives under International Law
Effective contracting team dynamics
- Creating an effective core team
- Including stakeholders from across the organization as an extended team
- The role of senior management and internal sponsors
- Emotional intelligence (EI) –understanding and managing varying behavioural styles
Pursuing clarity and understanding how to attain it
- Tips on how to generate greater clarity
- The impact of clarity, or a lack of it, in overall contracting success
- Understanding the sections of the contract which are open to the risk of ambiguity
Implementing a world class contracting strategy
- Developing a project plan to implement a contract in both entities
- Setting realistic timeframes and milestones
- Anticipating resistance points and barriers – and overcoming them
- The programme will include a series of group exercises with a high level of delegate interaction.
The CCDNM™ examination is an open book exercise that should be submitted within 7 days of the event finishing.
*Only those who successfully complete the examination and participate effectively in the course case studies will receive the Certificate in Contract Development Negotiation and Management (CCDNM™).
Meet your course director:
Patrick Woods, BS, CPSM, CPSD, C.P.M., CPIM
Patrick is an international training consultant and adjunct professor, specializing in Business Administration, Project Management, Management Development, Supply Chain, Logistics, Procurement and Contracts.
He brings 36 years of experience working in Senior Management positions for Fortune 100 corporations and based on his leadership of a multi-national team for Emerson Worldwide, a global technology and manufacturing company, was recognized by the CEO as the: “team of the year”. For the past 20 years, as the Founder of Supply Chain Education, Patrick has worked with over 300 firms based in 30 countries located primarily in the USA, the Middle East, Africa and Central America.
In collaboration with Missouri State University, USA, Patrick has delivered training which includes: leadership fundamentals, how to move from a tactical cost function to a strategic profit function and risk/cost management. His delivery style is: “Edutainment” where he blends best practices with a gentle dab of humor and as a result, he has won outstanding evaluations from major manufacturing to service to government organizations, including to NGOs in warn-torn countries. He divides his time between the USA (Texas) and Central America (Costa Rica).
Benefits, knowledge and skills gained by attending the CCDNMTM course
- Gain the Certificate in Contract Development, Negotiation & Management (CCDNM™) which is certified, through independent assessment and accreditation, by the International Federation of Purchasing and Supply Management (IFPSM) PAS Standard
- Use CCDNM™ on your business card and on your resume
- The CCDNM™ certificate will be received approximately one month following the close of the training course.
The International Federation of Purchasing and Supply Management (IFPSM) – Accredited Certification
The Certificate in Contract Development, Negotiation & Management (CCDNM™) is certified, through independent assessment and accreditation, by the International Federation of Purchasing and Supply Management (IFPSM) PAS Standard. The accredited certificate reinforces our commitment to assuring the highest recognised Quality Standards in delivering and assessing Programmes internationally.
The International Federation of Purchasing and Supply Management (IFPSM) is the union of 48 National and Regional Purchasing Associations worldwide. Within this circle, about 250,000 Purchasing Professionals can be reached. IFPSM facilitates the development and distribution of knowledge to elevate and advance the procurement profession, thus favorably impacting the standard of living of citizens worldwide through improved business practices. The term procurement is taken to embrace purchasing, materials management, logistics, supply chain management and strategic sourcing. Read more on: www.ifpsm.org
The following Procurement and Supply Chain programs offered by Innoverto Training are certified by the International Federation of Purchasing and Supply Management (IFPSM).
- Advanced Certificate in Strategic Procurement: ACSP™
- Advanced Certificate in Procurement Compliance: ACPC™
- Advanced Certificate in Bid and Tender Management: ACBTM™
- Advanced Certificate in Supply Chain Management: ACSCM™
- Certificate in Contract Development, Negotiation and Management: CCDNM™
This is an unique achievement with BMTG (UK) Ltd being the only organisation in the world, to have achieved this success, with five programs being accredited.
CPD standards Accreditation
Accredited by the prestigious CPD Standards Office.
Any delegate who attends this Accredited course may be issued with a CPD Certificate of Attendance* upon request, which they can use within their formal CPD record for a professional body, institute, or employer. The CPD Standards Office accreditation services works in partnership with the Training Journal and the CPD Institute supporting all forms of professional development and CPD schemes globally and has an increasingly international reputation as the strongest currency in professional development. CPD extends across the globe and is undertaken in most countries. The CPD Certificate of Attendance is issued in soft copy only and contains the applicable CPD credits for each course.
- Early Bird PricingBook and pay before 15, January 2024$3,200.00
AED11744excl VAT tax 5%
- Standard Pricing$3,700.00
AED13579excl VAT tax 5%
Download Brochure and Articles
To learn more and view the course outline fill the form below to download the brochure and related articles.