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A highly interactive training course on

Contract Management Principles & Practices

Getting a Grip on Service Providers, Vendors and Contractors
Coventry Academy - Contract Management Principles & Practices
5
Days

Course Schedules

 Dubai
 10-14 Feb 2025
 $5,950
 Dubai
 19-23 May 2025
 $5,950
 London
 30 Jun-04 Jul 2025
 $5,950
 Dubai
 17-21 Nov 2025
 $5,950

Training course overview

 
 

Staff involved in the contracting process must be proficient in contract management principles to effectively manage third-party suppliers. Without the right knowledge and skills, organizations risk suboptimal outcomes in their contracting relationships. Procurement and supplier management can be fraught with challenges, and inexperienced managers may inadvertently incur undesirable liabilities or overlook critical contractual loopholes.

This training course provides contract management professionals with the foundational skills needed to properly manage third-party suppliers across various fields, including construction, equipment supply, and service delivery. Participants will gain the tools to navigate contracting complexities and foster successful supplier relationships.

 
 
 
 

What are the goals?

By attending this Coventry Academy training course participants will learn how to apply Contract Management best principles and practices in order to:

  • Provide Better Outcomes From Commercial Contracts
  • Monitor Contract Performance
  • Be Able to Analyse Contract Obligations and Risks
  • Control Variations to Contract
  • Manage Contract Default
  • Prepare for Contract Claims and Disputes 
  • Consider and Use Different Solutions, Including Contract Suspension and Termination, if Things Go Wrong

Who is this training course for?

This Coventry Academy training course is suitable for a wide range of professionals who are involved in any aspect of Contract Management and who wish to understand, implement and improve their mastery of tools and techniques – and keep a grip on all kinds of third party suppliers. For example:

  • Procurement Officers
  • Contract Engineers
  • Contract Analysts and Administrators
  • Other Contracts and Procurement Professionals
  • Supply Chain Management Team Members

Course Outline

Day One: Introduction to Contract Management
  • What is Effective Contract Management and why do we need it?
  • The causes and effects of contract failure
  • Analysis of the Contract requirements
  • Defining the Job to be done – specifications and the scope of work
  • Key Players in Contract Management
Day Two: Managing Contract Risks
  • Identifying risks affecting time, cost and quality
  • Responses to risk
  • Contract Types and how they manage risk
  • Important contract clauses about risk
  • Using Bonds and guarantees
  • Contract templates: FIDIC, NEC and other standard models 
Day Three: Establishing the Framework for Contract Performance
  • Building a relationship for supplier performance
  • Motivational techniques – carrots and sticks
  • Contractor warranties
  • Monitoring service performance
  • Service Level Agreements
  • Tools and techniques for contract default
Day Four: Best Practices around Price and Cost issues
  • Setting the supplier’s agenda on costs and prices
  • Cost and Price analysis methods
  • Using economic price adjustment techniques
  • Price transparency and cost breakdowns
  • Managing the financial impact of contract variation
  • Negotiation techniques for improving value for money 
Day Five: Contract Management and Administration
  • Handling contractor claims
  • Operating the liquidated damages clause
  • Preventing or resolving disputes
  • Handling defect liability and retention sums
  • Contract administration tasks from award to close out
  • Contract termination and handover

The certificate

  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Coventry Academy
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