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    E-lesson

    Contract Management in the Transformer Industry – Basic level – e-lesson #3

    Basic Level illustration
    Course: Basic level

    Hosted by: Chris Gerber / Free

    A MASTER CLASS FOR NON-LEGAL MANAGERS AND EXECUTIVES

    This was the third and final live session of the basic-level contract management course. The presenter, Chris Gerber, addressed questions from the previous session, clarifying the differences between arbitrators and adjudicators. The course then explored the importance of risk management in contract administration. Key risk areas discussed included lack of contract visibility, inconsistent standards, compliance issues, and financial/reputational risks. Chris outlined strategies for mitigating these risks, such as using legal professionals, evaluating and scoring risks, and developing checklists. An example was provided on managing compliance risks through a matrix approach. The course emphasized that this was an introductory level, with more advanced intermediate and master's level programs to follow, covering topics like analyzing RFQs, selecting contract strategies, and administering projects. Attendees were encouraged to consider continuing their contract management education through these future offerings.

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    E-lesson #3 

    • Contract management and risk.
    • Default and breach.
    • Warrantees and guarantees.
    • Contract conclusion and termination

    See the lessons number 1 and 2 here:

    About the author

    Chris Gerber

    Chris Gerber

    Chris Gerber is a former Transformer OEM CEO with noticeable experience in transformer contracts and project manager. He has worked for and with some of the most noticeable transformer utilities in Africa, the Middle East and Europe as well as several transformer manufacturers in Europe over the last 15 plus years. His practical experience and insight offers a unique reflection on the world of the project and contract manager in the transformer industry. He is amongst others a former university lecturer in business management and holds degrees from the University of Pretoria (South Africa) and the VUB in Brussels, Belgium.

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