COURSE OVERVIEW:

In an increasingly litigious and regulated global market, the ability to manage contract risk and ensure compliance is a fundamental requirement for business survival and success. This course provides a sophisticated framework for identifying, assessing, and mitigating the diverse risks inherent in commercial and construction contracts. It focuses on the proactive governance of contractual relationships to protect the organization from financial loss, legal liability, and reputational damage.

The scope of this training encompasses the entire risk management lifecycle, from the initial risk identification during the drafting phase to the monitoring of compliance during execution and final close-out. Participants will learn how to utilize quantitative and qualitative risk assessment tools to prioritize exposures and develop robust mitigation strategies. The course addresses the complexities of regulatory compliance, including labor laws, environmental standards, and anti-corruption regulations that impact contractual performance.

Coverage includes the analysis of "hidden" risks in standard contract forms, the management of insurance portfolios, and the implementation of internal controls to prevent non-compliance. Attendees will explore techniques for auditing contract performance and learn how to manage the fallout of risk events through effective crisis management and dispute resolution. By mastering contract risk and compliance, professionals will build more resilient projects and ensure that their organizations operate within a secure and ethical commercial framework.

COURSE OBJECTIVES:

After completion of this course, the participants will be able to:

• Design comprehensive contract risk management frameworks.
• Identify and categorize technical, commercial, and legal contract risks.
• Apply qualitative and quantitative risk assessment methodologies.
• Develop effective risk response strategies: Transfer, Mitigate, or Accept.
• Monitor and ensure compliance with statutory and regulatory requirements.
• Manage insurance programs and verify coverage for project-specific risks.
• Execute regular contract compliance audits and performance reviews.
• Analyze the risk implications of standard contract forms (FIDIC, NEC, etc.).
• Implement internal controls to prevent procurement fraud and unethical behavior.
• Navigate the legal requirements of liability, indemnity, and warranties.
• Manage risk events and project disruptions through effective crisis protocols.
• Conduct post-contract risk evaluations to capture lessons for future projects.

TARGET AUDIENCE:

This course is intended for Risk Managers, Contract Administrators, Compliance Officers, Project Managers, Internal Auditors, and Legal Professionals.

TRAINING COURSE METHODOLOGY:

A highly interactive combination of lectures, discussion sessions, and case studies will be employed to maximize the transfer of information, knowledge, and experience. The course will be intensive, practical, and highly interactive. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. The attendants will also be encouraged to raise more of their questions and to share in developing the right answers using their analysis and experience. There will also be some indoor experiential activities to enhance the learning experience. Course material will be provided in PowerPoint, with necessary animations, learning videos, and general discussions.

The course participants shall be evaluated before, during, and at the end of the course.

COURSE CERTIFICATE:

National Consultant Centre for Training LLC (NCC) will issue an Attendance Certificate to all participants completing a minimum of 80% of the total attendance time requirement.