Contract Negotiation

Course Title Course Language Est.Duration-days Est.Duration-Hours
Contract Negotiation Management Foundation English 3 21

Learning Objective

  • Gain leverage / Discussion Control & Right target direction
  • Avoid Surprises
  • Think clearly, Set targets/Clear & Measurable Objectives
  • Handle Contract stress, Discussion pressure & Pitfalls
  • Understand the mood and objectives of the other party
  • Foster trust and relationship building (Win-Win)
  • Keep cool under pressure (Perform professionally not personally)
  • Manage the other party
  • Obtain a winning

Course Contents

Understanding the Negotiation Concepts & Importance

  • What do we mean by Negotiation?
  • Why Negotiation is important in our life & Business
  • Is Negotiation a Talent or Acquired Skills & Science to Learn
  •  Soft and Hard Styles
  •  Principled Negotiation (The Harvard Model)
  •  Self-Analysis
  •  Characteristics of an Effective Negotiator
  • Use of Non-Verbal Communication Techniques (Body Language) to Aid Understanding

Negotiation Process
1. Introduction

  • Preparation
  • Listening and discussion
  • Proposal
  • Bargaining
  • Closure

2. Preparation

  • Setting objectives
  • Research
  • Understanding the ‘other’ side
  • Segmentation
  • Anticipating the issues
  • Preparing questions and scenarios
  • Setting limits
  • Selecting the negotiation team
  • Venue
  • Performing a dry run /Rehearsal Developing a ‘Plan B’

3. Negotiation tactics

  • Listening and talking
  • Facts-based vs. emotions
    -based
  • Assertive vs. aggressive
  • Psychological issues
  • Fact-finding and testing the ground
  • Challenging and probing
  • Winning –over the other side
  • Collaboration and compromise
  • Walking away

Certificate

Attendees will get training certificate after the completion of the course