Contract Risk Identifications, Analysis & Risk Management
March 23 - 27, 2015 - Beijing SGT.U.N International
marketing@info.tun.sg
Phone:+65 63763177
Due to the increase of technical uncertainties, market instabil-ity, change of regulations & industry projects, most of the con-tracts are running at higher potential risks. If these risks em-bedded in industry contracts are not properly managed, it may then affect the company’s performance, incomes and rev-enues.Thus risks should always be identified upfront & preven-tion and managing risks from the outset will certainly eliminate or at least decrease the possibility of compensating losses and damages which would be detrimental for the organisations. This workshop aims to upgrade your knowledge and promote your vision to look at the contract’s terms and conditions in industry contracts widely and compressively & revives the strategic view of the most complicated issues of the industry contracts. TEFCEL is particularly doctrine created by the trainer in the oil and gas industry since 2005. TEFCEL stands for issues related to the: Technical, Environmental, Financial, Commercial, Contractual, Eco-nomic and Legal. With this in mind, the course aims to find proper answer to the following questions:What are the risks embedded in the contract terms and conditions?What are the risks embedded in the contract terms and conditions? How to effectively draft and conclude industry contracts?How to punch above your weight when negotiating, executing, Handing Over, and Settling the finality. Key Benefits of Attending This Course Identify and recognise 3 various TEFCEL risks in Industry Contracts Be alerted of various contractual risks in the contracts Understand risks & uncertainties involved in the industry contracts Managing incomes via contact provisions and clauses Determine and utilize substantive or procedural exit clauses in the industry contracts Introduce and promote TEFCEL concept in their organisations and companies Obtaining contract knowledge and transparency Learning how to establish a win-win situation on both sides of the agreement Learning how to establish a balance between cooperation and keep the competitive edge Recognize the risks involved in the industry projects and as may be contributed from these considerations and challenges in industry contracts Acquainting with the best ways and means to improve the lines of communication between TEFCEL management teams of the project and contract between TEFCEL management teams of the project and contract Learning how to manage the contract risks via contractual mechanisms, e.g. JMC, management coordination, approval system, audit, etc) Learning how to establish the balancing power between risks and rewards in industry Contracts.