Conference on Mastering Contract Management and Claims Mitigation

Overview:

Introduction:

Effective contract management plays a crucial role in ensuring project success, mitigating risks, and maintaining strong business relationships. Managing contracts efficiently requires a deep understanding of legal frameworks, risk allocation, compliance measures, and dispute resolution strategies. This conference explores advanced contract management principles, focusing on risk mitigation, claims prevention, and dispute resolution techniques. Participants will gain insights into proactive contract administration, early identification of claims, and best methods used for handling disputes.

Conference Objectives:

By the end of this conference, participants will be able to:

• Explore key principles of contract management and compliance.

• Identify potential risks in contract execution and develop mitigation strategies.

• Analyze effective contract administration techniques for monitoring deliverables.

• Recognize early warning signs of claims and disputes.

• Discover dispute resolution methods to manage claims effectively.

Target Audience:

• Contract Managers handling complex agreements.

• Project Managers responsible for contract execution.

• Procurement Professionals managing supplier relationships.

• Legal Advisors involved in contract drafting and disputes.

• Risk Managers overseeing contract-related liabilities.

Conference Outline:

Unit 1:

Advanced Contract Management Principles:

• Key elements of contract management for successful execution.

• Responsibilities in contract administration and oversight.

• Methods for ensuring compliance and performance monitoring.

• How to document contract modifications.

• Tools used for monitoring contract progress and managing obligations.

Unit 2:

Risk Mitigation in Contract Management:

• Strategies used for identifying key risk factors in contract execution.

• Tools used for allocating risks effectively to minimize exposure.

• Strategies for managing contract-related uncertainties.

• Methods for preventing claims through structured risk planning.

• The process of evaluating contract terms to reduce financial and operational risks.

Unit 3:

Contract Administration and Compliance:

• How to establish efficient processes for contract administration.

• Principles of managing timelines, deliverables, and contractor obligations.

• Methods of handling contract amendments and ensuring compliance.

• Performance evaluation techniques for contract execution.

• Reporting and record-keeping methods for accountability.

Unit 4:

Early Identification and Resolution of Claims:

• How to recognize early indicators of potential claims.

• Structured reporting and documentation practices for preventing claims.

• Resolving disputes through structured negotiation approaches.

• Techniques for minimizing claim escalation.

• Effective communication strategies in claims management.

Unit 5:

Claims Management and Dispute Resolution:

• Overview of dispute resolution mechanisms in contract management.

• Strategies for handling claims to avoid costly litigation.

• Frameworks for developing and enforcing structured dispute resolution clauses.

• Techniques for claim negotiation and risk minimization.

• Other legal frameworks used for resolving disputes, including mediation and  arbitration.