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Contract - Law and Risk Management
Understanding the legal position and the most significant risks within a contract can help offset the exposure of an organisation to losses in people, time, money and reputation. This course reveals the most important aspects of the law as it relates to contracts, as well as providing tools for identifying and classifying risks.
2 Days
Overview
A contract gone wrong can cost organisations an enormous amount in people, time, money and reputation.
This course explores the legal framework and the most significant risks within a contract to help offset the exposure of the organisation to potential losses.
Who will benefit
Project managers, site supervisors, mine managers, line managers, engineers, senior administrators and other professionals who engage contractors or who are contractors themselves.
This is a professional development support course to those undertaking the Diploma of Contract Management.
Content
- Introduction to contract law
- Legal obligations for contractors and clients
- Entering a contract
- Prepare a contract management plan
- Identify stakeholders and negotiating terms
- Risk management techniques
- Introducing controls to manage risk
- Implement approaches to minimise risk
- Controlling OHS risk within the contract.
Learning Outcomes
Participants should be able to:
- Understand the broad legal framework for contracts
- Identify when there is a binding contract and what terms exist within the contract
- Prepare a plan to manage the contract risks and the relationships with key stakeholders
- Describe a range of approaches to risk management
- Plan control systems to minimise risk
- Minimise OHS risk within the implementation of the contract.
This program is also delivered via a virtual classroom and is indicated by "Virtual" next to the date.
What past course attendees say:
This course examines the early stages of setting up a contract. It helps prepare you for the phases of establishing, planning and procuring the necessary elements to increase the likelihood of the contract achieving its objectives.
This course gets to the heart of ensuring the contract delivers on the promise and any variations are tackled promptly and skilfully. It also takes you through the process of closing-out a contract in a manner that is prudent and compliant.