Distilling the Essence of Contacting

Distilling the Essence of Contracting: Highlights from COPEX’s Training Programme

Last week, delegates from Kuwait and Saudi Arabia attended COPEX’s renowned training programme, “The Essentials of Contracting,” at the Hilton Hotel, Al Habtoor City in Dubai. This comprehensive course explored the vital aspects of creating, modifying, and concluding contracts—an area of critical importance to industries such as petroleum, where effective contract management directly impacts operational success

A Tailored Approach to Learning

Designed to cater to professionals from diverse backgrounds, “The Essentials of Contracting” provides a flexible learning environment. According to Bill Blakemore, COPEX’s senior consultant and course leader:

“This programme has a broad appeal that can be tailored to suit the knowledge and skills of delegates from many diverse backgrounds. It is especially valuable for those who do not necessarily have a legal background.”

Delegates ranged from seasoned professionals experienced in vendor and contractor management to newcomers eager to grasp the legal fundamentals. The course’s versatility ensured that all participants, regardless of their expertise level, found the content both relevant and engaging.

Engaging Discussions and Practical Insights

The programme featured interactive exercises and discussions that encouraged active participation. Bill, a former barrister at the London Bar, shared his enthusiasm for the hands-on nature of the course:

“I enjoy getting delegates to delve into controversial topics, such as liquidated damages and penalties. These discussions help participants understand the complexities of enforceability across different jurisdictions.”

Through role-playing negotiation exercises and practical scenarios, participants gained valuable insights into contract management strategies. This interactive approach ensured that delegates could confidently apply their learnings in real-world situations.

Key Topics Covered

Throughout the week, the training covered a wide array of essential contracting topics, including:

1. Understanding the Purpose of Contracting

   • Exploring why businesses outsource functions and how contracts play a crucial role in risk management.

2. Using Contracts to Manage Risk

   • Insights into transferring business risks—often for a fee—from contract owners to contractors.

3. Contract Planning Tools

   • Effective use of model contract templates to streamline the contracting process.

4. Negotiation Strategies

   • Techniques to address and mitigate unfair contract terms proposed by the other party.

5. Scope and Variations Management

   • Best practices for managing changes to the scope of work during project execution.

6. Bonds and Guarantees

   • The protective role of bonds and guarantees for contract owners.

7. Dispute Resolution Mechanisms

   • Methods such as mediation, arbitration, and adjudication, tailored to complex construction and engineering contracts.

A Course Built on Practical Value

The programme’s emphasis on active learning and real-world applications was evident throughout the week. Bill remarked:

“The practical exercises and role-plays we conduct help delegates retain what they’ve learned. These activities ensure they can effectively apply their skills when they return to their workplaces.”

 

Discover More About This Course

COPEX’s “The Essentials of Contracting“ offers a unique opportunity for professionals to enhance their understanding of contract management. Whether you are new to contracting or an experienced manager, this programme provides the tools and knowledge needed to excel in today’s complex business environments.

To learn more about this course and its upcoming sessions, please visit our website or contact us directly:

• Email: [email protected]
• Phone: +971 4 368 6886

Secure your place today and take the next step in mastering the art of contracting.