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Contract Management

London Corporate Training Ltd
Course summary
1 week
Corporate Training for Teams
Next available date: Request information - Worldwide
Course Dates
Worldwide
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Ghana
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Nigeria
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Course description

Graph - London Corporate Training

Contract Management - In-House

This advanced training course in Contract Management is designed to cover the essential aspects of supplier performance measurement, negotiation tactics for successful agreements with the suppliers and the management of contractual changes.

Upon successful completion of this one-week training course, delegates will have the ability to also identify and determine how to resolve supplier disputes and how to terminate contracts.

Suitability - Who should attend?

This training course is designed for:

  • 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

Training Course Content

This Contract Management course will cover:

Introduction to Contract Management

  • Principles of contract law
  • The nines stage of the contract management lifecycle
  • 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

Expenses

The cost of this in-house varies based on number of participants, location and other factors. Request information for a training quote

About provider

London Corporate Training - Professional Training Courses

London Corporate Training have been established in the education, consulting and training industries for two decades. They work as a training team from their head office in London and aim to ensure all of their course participants receive the highest...


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Contact info

London Corporate Training Ltd

London Corporate Training
3 Shortlands, Hammersmith
W6 8DA London

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www.lct.co.uk

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