Advanced Contract Management

London Business Training and Consulting

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This comprehensive Contract Management course covers three critical areas of responsibility for contract managers. On the first day, the focus is on contractual relationships, including understanding the purpose of contracts, identifying and managing risks, exploring different contract types, and effectively managing contractor relationships.

The second day delves into the financial aspects of contracts. Participants will gain insights into comprehending prices and costs, ensuring contract commitments through various forms of security, and navigating the important topic of payment.

The third day addresses the dynamic nature of contract management. It explores strategies for managing contracts in an ever-changing environment where needs and requirements evolve. Participants will learn how to handle contract variations, employ effective administration techniques, and maintain contracts in optimal condition.

Additionally, this Contract Management course highlights three additional crucial areas of responsibility for contract managers. Firstly, it delves into managing contractor performance, emphasizing measurement against deliverables and key performance indicators (KPIs) to meet contract objectives. Secondly, it covers the intricacies of contract negotiation and drafting, two interconnected topics that require careful attention. Finally, it tackles the challenging scenarios of contract disputes, claims for compensation, damages, early termination, and the subsequent resolution processes.

At the end of the course, a summary of key learning points will be provided, followed by an action planning exercise to encourage immediate application of the newly acquired knowledge and skills upon returning to work. Furthermore, post-course support is available for up to six (6) months after course completion to assist participants in implementing their action plans.

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