A Project Management Institute, Inc. (PMI)®Registered Training Course
Managing Contracts after the Pandemic
Getting the Contract Performance You Need in a
COVID-Affected World
Course Overview
COVID-19 is becoming as much an economic crisis as a public health emergency, with many contractors suffering from broken supply chains, poor cash flow, or legal impediments to performing their contractual obligations. In this unstable world, which has also been compromised by a dramatic drop in the oil price, our previously dependable strategic suppliers are now struggling to deliver the materials, services or works upon which we relied.
At the same time, some of our needs have changed. New requirements have become much more important - perhaps reducing upstream activities, moth-balling uneconomic production, obtaining new types of PPE, or simply cash preservation. The existing contracts for services, production, or manufacturing that had worked so well before the coronavirus, may now need significant modification.
So how should contract owners adjust to a volatile commercial life after Covid-19?
This cutting-edge GLOMACS online training course takes a clear look at the role of contract management in the new, Post-Covid world. Join colleagues from across the world in a highly participative online three-day event, and rethink the contract management task and plan ahead.
Training Objectives
At the end of this online training course, you will learn to:
- Identify and examine the strategic supply risks that contract owners face as a result of the Coronavirus pandemic
- Guide contract owners in their analysis of their major contracts, to ensure they can to protect their organisations if their contracts go wrong
- Analyse the essential elements to include in a commercial agreement to manage the risks of contractor failure
- Apply the protective measures that will be in existing contracts, such as contract variation, termination for convenience, or Force Majeure
- Address new risks that have appeared, for health & safety, economic or other reasons
- Re-focus their contracts – or even bringing them to an end - to meet new demands and constraints
- Reduce the cost of some contracts compared with what is available in the changed market
- Implement new contracts to meet new business requirements on the best terms we can get
Who should Attend?
This GLOMACS online training course is suitable for a broad range of people, but will greatly benefit:
- Contracts Engineers
- Contracts Administration Professionals
- Contract Managers
- Commercial Managers
- Procurement Department members
- Anyone responsible for negotiating, drafting and preparing contracts
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
Training Outline
- COVID-19 – What’s the situation now?
- Planning for the 90% Economy
- What are the concurrent challenges facing contractors?
- The normal objectives from Contract Management
- What to do when contractors say “I can’t perform”
- Force Majeure – Is it a show-stopper or an opportunity?
- Why paying in advance may be appropriate?
- Understanding your own contractual position
- Negotiating a resolution to obstacles to contract performance
- Responsible and Fair contractual behaviour
- Your contract management action plan checklist for the next 60 days
Certificates
- On successful completion of this training course, GLOMACS Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor and Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates
Accreditation
GLOMACS is proud to be an Authorized Training Partner (ATP No. 2759) with PMI®. As an ATP, GLOMACS is authorized to issue applicable Professional Development Units (PDUs) and Educational Contact Hours to participants of any of its PMI® approved training courses for PMI® Certification and Re-Certification.
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
What do you need to learn next?
Check our list of courses or let us customize a course for you.
View courses
