Contracting in the age of global supply chains
International construction projects are often massive undertakings, involving large capital investments. They are unique endeavors with time and cost constraints and long development and execution times. As supply chains become increasingly complex and volatile, these characteristics make contracting for international construction projects is a complex process.
International Contracting Program design
The International Contracting Program covers the entire contract cycle. The program is highly interactive and its concepts as well as best practices are illustrated through many real life cases. All stages of the contracting process are covered through hands-on exercises.
Subjects of the International Contracting Program
During the International Contracting Program, we will prepare participants with different subjects of international contracting:
- Contracting during the entire project life-cycle from the owner’s as well as the contractor’s perspective
- Techniques for segmenting the scope of work into marketable, manageable work packages
- The compilation of an effective invitation to tender and managing the tendering process
- Tendering strategies and the preparation of a tender
- Key legal concepts and the differences between law systems
- Early identification of contracting risks and challenges
- Different types contracts, contract pricing and model contracts
- Assess whether a contract is fit-for-purpose
- Effective procurement and sub-contracting strategies and tactics
- Contract management, including effective monitoring and control
- Managing change and different forms of dispute resolution
- To conduct successfully contract negotiations and land a contract
Case preparation is essential for optimizing the learning outcomes of the international contracting program. Upon timely enrolment, TIAS will send all learning materials well in advance to all participants for the purpose of through case preparations.
Putting theory into practice
After having completed the International Contracting Program, participants will be able to spot potential risks associated with tenders and contracts as well as their financial implications. In addition, participants will be able to come up with ideas and actions to deal with these potential risks.