Contract Management

Course schedule

Classroom Training:
DateVenueDurationPrice
17 - 21 Jun 2024London5 days£4,250
14 - 18 Oct 2024London5 days£4,250
9 - 13 Dec 2024Barcelona5 days£4,250

Please note: prices shown above are exclusive of VAT (20%).

Course Overview

Gain a deep understanding of contract management with this course, which includes drafting, negotiation, and administration of contracts, as well as dispute resolution and legal compliance.

Who Should Attend

  • Contract management personnel
  • Purchasing executives, senior managers, and professional staff from supply chain management, logistics and inventory planning and control
  • General managers wanting to understand the procurement function
  • Project managers involved in plant and equipment development projects
  • Technical personnel involved in performance specification of plant and equipment
  • Engineering planners working with complex maintenance material requirements
  • Quality managers seeking to understand how supply contracts are managed

Course Outcomes

  • Describe the procurement cycle and the contract management life-cycle
  • Define and develop the right contract
  • Measure supplier performance
  • Analyse contract risks and their impacts
  • Negotiate effectively with suppliers
  • Manage contractual changes
  • Professionally close contracts

Course Topics

Introduction to Contract Management

  • principles of contract law
  • The nines stage of the contract management life-cycle
  • Forming and creating robust procurement contracts
  • Standard terms and conditions for goods and/ or services
  • Special terms and conditions and essential clauses

Key concepts in contracts and associated legal considerations

  • The scope and features of good contract management
  • Specification writing
  • Exiting changing and migrating contracts
  • Managing contract extensions and any allowable price increases
  • Establishing a change control regime

The principles and Process of Contract Negotiation

  • The main models and processes of negotiation
  • Negotiating in a purchaser/supplier relationship
  • Plan and manage a negotiation with a supplier
  • Identify and negotiate key contract variables
  • Reaching a win-win agreement

Contract Risk Assessment and Management Techniques

  • Understanding the various risks that affect all contracts
  • Contract risk analysis
  • Develop robust contracts with a focus on mitigating risk
  • Managing risk through the contract
  • Managing an exit strategy and risk mitigation in event of contractor failure/default

Managing Relationships and Performance

  • The importance of collaboration
  • Key stakeholder management
  • Setting agreed service levels
  • Improving contract performance
  • Managing contract closeout

Excel in Contract Management with LCT’s Premier Training Course

Unlock the full potential of contract management with London Corporate Training (LCT)’s cutting-edge Contract Management Training Course. Designed for both novices and experienced professionals, this course dives deep into the core aspects of contract management, equipping you with the expertise to navigate contracts efficiently in any business landscape. Our comprehensive curriculum spans from the basics of contract creation and negotiation to advanced strategies for execution, management, and renewal. With a focus on practical skills and legal know-how, LCT ensures you’re prepared to tackle the challenges and opportunities presented by contractual agreements in various industries.

Why LCT’s Contract Management Course Stands Out

Expert Guidance: Benefit from the knowledge of seasoned contract management professionals, who bring real-world insights and case studies directly to our interactive classrooms. Dynamic Learning: Experience engaging, hands-on sessions that include simulations, group discussions, and problem-solving exercises, all designed to cement your understanding and application of contract management principles. Valuable Networking: Connect with peers across different sectors, enriching your learning experience and expanding your professional network. Professional Advancement: Complete the course and receive an LCT certification, showcasing your commitment to ongoing professional development in the field of contract management. London Corporate Training is committed to delivering top-tier professional education. Our Contract Management Training Course is meticulously crafted to address the demands of modern businesses, empowering you to enhance your contract management capabilities. By choosing LCT, you’re not just enrolling in a course; you’re investing in a career-transforming opportunity. Advance your contract management skills with LCT. Contact us to learn more about the course and start your journey to becoming a skilled contract manager today.

Excel in Contract Management with LCT’s Premier Training Course

Unlock the full potential of contract management with London Corporate Training (LCT)’s cutting-edge Contract Management Training Course. Designed for both novices and experienced professionals, this course dives deep into the core aspects of contract management, equipping you with the expertise to navigate contracts efficiently in any business landscape. Our comprehensive curriculum spans from the basics of contract creation and negotiation to advanced strategies for execution, management, and renewal. With a focus on practical skills and legal know-how, LCT ensures you’re prepared to tackle the challenges and opportunities presented by contractual agreements in various industries.

Why LCT’s Contract Management Course Stands Out

Expert Guidance: Benefit from the knowledge of seasoned contract management professionals, who bring real-world insights and case studies directly to our interactive classrooms. Dynamic Learning: Experience engaging, hands-on sessions that include simulations, group discussions, and problem-solving exercises, all designed to cement your understanding and application of contract management principles. Valuable Networking: Connect with peers across different sectors, enriching your learning experience and expanding your professional network. Professional Advancement: Complete the course and receive an LCT certification, showcasing your commitment to ongoing professional development in the field of contract management. London Corporate Training is committed to delivering top-tier professional education. Our Contract Management Training Course is meticulously crafted to address the demands of modern businesses, empowering you to enhance your contract management capabilities. By choosing LCT, you’re not just enrolling in a course; you’re investing in a career-transforming opportunity. Advance your contract management skills with LCT. Contact us to learn more about the course and start your journey to becoming a skilled contract manager today.

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