Managing Procurement Contracts & Agreements

Marketing Institute of Singapore - Executive Development


Course introduction

Gone are the days where procurement agreements are easy to understand negotiate and draft. In a highly complex world of international commerce and trade, having a good understanding of procurement agreement is vital. During the one day course, participants will be taught the various skills on how procurement agreement will be secured and including other techniques how to draft and vet a procurement agreement. The one day course will consist of practical discussion, case studies, and negotiations exercises to better illustrate to participants on how Procurement Agreement can be secured.



Course Benefits


At the end of the course, participants will be able to:

Appreciate How Procurement Agreements is to be examined and constructed
Understanding Standard Boiler Plates and Issues
Common pitfalls in understanding procurement agreements
Structuring issues and finding solutions when enforcing Procurement Agreements



Course Pre-Requisites


At the end of the course, participants will be able to:

  • Appreciate How Procurement Agreements is to be examined and constructed
  • Understanding Standard Boiler Plates and Issues
  • Common pitfalls in understanding procurement agreements
  • Structuring issues and finding solutions when enforcing Procurement Agreements



Target Audience


Executives, contracts managers, programme managers, project engineers, managing directors, group financial controllers, company directors, sales directors, business managers, financial controllers, marketing managers and executives, business advisers, bankers, consultants, company secretaries, administrators, credit executives, finance and operation executives, maintenance managers and accounts supervisors



Course Outline


The essentials of a procurement agreement

  • Key points to note in  a procurement agreement
  • How are procurement agreement structured
  • The challenges in structuring procurement agreement
Evaluating the risk and issues in a procurement agreement
  • Definition of risk in procurement agreement
  • Weighing the practical consideration in a procurement agreement
  • The key points to note when considering the risk in a procurement agreement
Key Contracting Terms in a Procurement agreement
  • Key terms in a procurement agreement
  • What are the key clauses in a procurement agreement
  • What to look out when looking at the procurement agreement
Indemnity & Warrant Clauses in a Procurement agreement
  • Definition of an indemnity clause
  • How indemnity clause should be negotiated.
  • Key points to look after an indemnity clause has been negotiated
Role of insurance in contracts In a Procurement agreement
  • Interpreting insurance clause in commercial contracts
  • Insurance and the art of negotiating insurance clause
Limiting liability in a procurement agreement
  • Signing a limited liability agreement
  • Inserting limited liability clauses into a procurement agreement
  • The art of negotiating this limited liability clause
The art of negotiating procurement agreement in Asia
  • The key points to note when signing with a procurement agreement
  • The due diligence process when negotiating a procurement agreement
  • The key points to note when concluding a procurement agreement
Arbitration Clause and Governing Law Course
  • Is Arbitration the best way to resolve conflicts?
  • The choice of law and venue
  • How can Arbitration work in overseas jurisdiction
Alternative Dispute Resolution Mechanism
  • Definition of Alternative Dispute Resolution
  • How does Alternative Dispute Resolution operate
  • The key elements of Alternative Dispute Resolution



Available Course Sessions


Course Date, Time Reg. Closes On
1 21 Aug' 17, 9.00am to 5.00pm 18 Aug' 17 Register Now



Trainer Profile


David Shanmugam

David Shanmugam holds a Bachelor of Law degree from the University of London and Master of Business Administration degree from Victoria University. He has many years of legal experience in the private sector and he is presently working in a law firm, and Mr. David Shanmugam is also an Advocate & Solicitor of the Supreme Court of Singapore
Over the years, he has conducted legal training for the corporate sector on the various practical legal issues facing the corporate field and has lectured for many training institutions, on Business and Company Law. His forte is in the field of corporate and commercial drafting of contracts, including company matters. Mr. David Shanmugam has conducted legal training programmes for Singapore Association Institute of Chartered Secretaries and Administrators, National University of Singapore Continuing Education



 

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