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Contract Management Essentials

London Business Training & Consulting
Course summary
1 week
3,415 GBP excl. VAT 2,049 - 3,415 GBP excl. VAT
Professional Training
Next available date: 01/02/2021 - London
Course Dates
3,415 GBP
3,415 GBP
3,415 GBP
Online courses
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2,049 GBP

Course description

Contract Management Essentials

This course addresses three important areas of responsibility for the contract manager. The first day focuses on contractual relationships – what contracts are, what risks do they address, what types of contract exist and how can you bring all that together to manage the contractor relationship. The second day looks at the "financials" of contracts, including understanding prices and costs, how contract commitments are supported by forms of security and the important topic of payment. The third day is about management of contracts in a dynamic world, where wants and needs change, where contracts need to be varied, and where good administration techniques keep contracts in good shape.

The course will also include a site visit to an organization relevant to the course so delegates can develop an understanding of how their contemporaries function in the real-world.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

Suitability - Who should attend?

This course is suitable for:

  • Contract Engineers
  • Contract Analysts
  • Commercial advisers
  • Inhouse legal advisers
  • Company Secretaries
  • Procurement team members
  • General managers
  • Executives tasked with managing contracts.
  • Contract Administrators
  • Anyone who wishes to have a good understanding and develop the ability to apply the terms and conditions of a contract.

Outcome / Qualification etc.

Upon completion of this course, you will have an excellent grasp of the essentials of making contracts and working with contractors, including:

  • How to create and manage the relationship with a contractor, with a legally enforceable agreement.
  • Understanding prices and the costs that underpin prices, and the different pricing models that contractors use.
  • Contract security, including bonds and guarantees.
  • Managing contracts dynamically, including changing agreements and creating appropriate contract documentation.
  • A practical perspective into contemporary work practices in your field.
  • An Action Plan to be implemented at your workplace using the knowledge and skills acquired through the course.

Training Course Content

Managing the Contractual Relationship

  • Contract Law basics
  • Contract Types
  • Contract risks

Managing the Contract Financials

  • Cost & Price analysis
  • Bonds, Guarantees and warranties
  • Managing payments
  • Managing claims

Managing the Contract in a Dynamic World

  • Managing contractual liabilities and indemnities
  • Managing contract variations
  • Contract documentation
  • Contract administration

Site Visit

  • Industrial visit to a relevant organization.
  • An insight into the internal working of companies.
  • An opportunity to learn through interaction with practising professionals.

Why choose London Business Training & Consulting

Management consultation service 

Paperless service delivery model

Flexible open course schedule

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We offer face-to-face classroom sessions as well as online training sessions through Zoom. With a vast range of scheduled courses to choose from, LBTC aims to satisfy your niche needs for management courses and more. With options of customisability, your every training need is satisfied. LBTC offers everything that helps you push the scales of your career and gain a competitive edge.

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About provider

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London Business Training & Consulting

London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consultancy service provider. LBTC offers 600 management training courses in sixteen (16) subject categories of durations ranging from 1-day to 11-weeks. This includes 90-minute interactive live online training courses....

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Contact info

London Business Training & Consulting

One Lyric Square
W6 0NB London

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