Project Management in Developing Countries Programme
This programme offers a series of courses that will teach you essential skills you need to manage projects in developing countries. Each course is reviewed by an experienced Japanese expert who has undertaken various project management work in more than 30 developing countries and is tailored toward Japanese companies. This course is designed to enable you to apply what you learn from the course into practice immediately.
COURSE 1: Preparing Contracts
This course allows participants to understand the process of effectively and efficiently preparing contracts to ensure value for money, improved services, and appropriate relationships.
It is easy to overlook the importance of preparing contracts because it appears to be a boring, mundane task. Contracts, however, are the basis of most business relationships and contract preparation is a critical skill for most executives. If contracts are well prepared, business relationships will flourish. If they are not, companies may face financial loss, relationship harm, and damaged reputations.
Furthermore, because contracts are made with vendors, employees, customers, and partners these agreements must be prepared carefully. In order to effectively do this, it is necessary to understand the small details and pay attention to the cultural nuances between the East and West because this usually has a significant impact on outcomes.
Topics this course will cover and what participants will be able to do following this course:
Lecturer: Richard Oshowole, Senior Adviser
- The basic elements of contracting:
- Explain the importance of contracting
- Recognise what can go wrong when contracts are not well prepared
- Recall the important points to note when putting a contract together
- Describe the different types of contracts
- The 4-step process to contract preparation
- Define the scope of a good contract
- Design a standard format for contract preparation applying the 4-step process
- Explain the importance of rights, obligations, and jurisdiction in contract preparation
- Types of contract pricing Participants will be able to;
- Describe the different types of contract pricing terms and when to use them