How do you avoid a contract crisis when your prime contractor goes bust?
Last year’s bankruptcy of Carillion, the British contractor that operated in the Middle East, Canada and the Caribbean as well as in the UK, should have flashed a huge warning light to contract owners across the globe about the supply chain risks from contractors. No matter how large their organisation, how well prepared are they should their prime construction contractor let them down? This EuroMaTech Advanced Contracts Management training course covers the contracting process from contract award, through planning and management to contract close-out and resolution of disputes. The intention is to develop a delegate’s existing skills in a wide range of contract management situations, and to allow participants to have an awareness of practices in many business sectors including construction, petroleum, engineering and other industries.
Dubbed “the largest ever trading liquidation in the UK” Carillion plc went into compulsory liquidation in January 2018, owing around £7 billion to clients, staff, suppliers and sub-contractors. At the time of its failure, Carillion employed more than 18,000 people and was working on more than 280 major contracts, including the construction of new housing, schools, hospitals and infrastructure projects such as smart motorways.
Managers and professionals involved in the contracting process need to be effective and efficient in applying contract management principles and practices, in order to protect their employers from such contractor failures. One should have and must develop his knowledge and skills, so that they will acquire best results from all the involved parties they are doing business with.
Delegates attending EuroMaTech’s training programme “Advanced Contract Management” will reacquaint themselves with the facts about contractor risk within the wider context of managing major contracts.
Aimed at procurement and contract management professionals from across government and industry, the course will be taking place at the Doubletree by Hilton hotel in Amsterdam from 25th – 29th November and will be facilitated by the British lawyer and instructor, Bill Blakemore.
According to Bill “the training course will focus on managing third-party contractors effectively after the contract award has been made – whether in the field of construction, the supply of equipment and materials, or in the delivery of services”.
Topics that will be covered during the training will include
- Monitoring and managing contract performance
- Knowing how to analyse contract obligations and risks
- Preparing for contract claims and disputes
- Controlling variations to contract
- Managing contract default, and considering remedies including termination
We invite you to take a look at the EuroMaTech website to view the dates of this and other courses being run in exciting venues.
Do you wish to join in the next session of the Advanced Contracts Management training course? Explore here.
Schedule this training course for your team elsewhere? Contact our team and we are happy to assist you in our 24/7 hotline: +971 4 457 1800