COURSE OVERVIEW:

Selecting the optimal contract strategy is a critical decision that dictates the risk profile, administrative burden, and eventual success of any capital project. This course provides a deep dive into the diverse array of contracting models available in the global market, moving beyond basic definitions to explore the strategic application of each. It focuses on the alignment of project objectives—such as speed, cost certainty, and quality—with the specific legal and commercial structures designed to deliver those outcomes.

The scope of this training encompasses a comprehensive comparison of traditional Lump Sum, Re-measurable, and Cost-Reimbursable contracts, alongside more collaborative models like Integrated Project Delivery (IPD) and Alliancing. Participants will learn how to conduct a formal "Contract Strategy Selection" process, evaluating the capabilities of the market against the specific requirements of the project scope. The course addresses the nuances of "Design-Bid-Build" vs. "Design-Build" and "EPC/Turnkey" models, identifying the critical points of risk transfer in each.

Coverage includes a clause-by-clause detailed review of the standard terms and conditions that govern these strategies, with a focus on FIDIC, NEC, and bespoke industrial agreements. Attendees will learn how to draft particular conditions that modify standard forms to suit local laws and specific project risks. By the end of this course, professionals will be equipped to advise their organizations on the most appropriate commercial vehicle for their investments and to manage the resulting agreements with a profound understanding of their legal mechanics.

COURSE OBJECTIVES:

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

• Evaluate diverse contract strategies based on project risk and complexity.
• Implement a structured selection process for the optimal commercial model.
• Differentiate between Fixed-Price, Cost-Plus, and Unit-Price structures.
• Navigate the unique requirements of EPC and Turnkey delivery models.
• Interpret complex terms and conditions within international standard forms.
• Design particular conditions to mitigate specific project-level liabilities.
• Align contract strategies with organizational procurement and ESG goals.
• Manage the transition between different project delivery phases.
• Analyze the impact of "Back-to-Back" strategies in subcontracting.
• Execute effective risk-sharing mechanisms such as "Target Cost" models.
• Monitor contractor compliance with technical and commercial conditions.
• Conduct comprehensive post-award reviews of contract strategy effectiveness.

TARGET AUDIENCE:

This course is intended for Contract Strategists, Procurement Managers, Legal Advisors, Senior Project Managers, and Commercial Directors involved in the planning and acquisition of major works and services.

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.