Open Courses

Contract Strategy and Management

LC14

Introduction

This course will equip delegates with the skills and knowledge needed to excel in the specialised world of contract management. Whether you're a seasoned professional or a team leader overseeing specific technical areas, this course will enhance your performance by providing insights and strategies for effective contract strategy development, drafting, negotiation, and management.

Who should attend

This course is designed for Contracts and Contract Administration Professionals, Tendering and Purchasing Professionals, Engineering, Operational and Maintenance Professionals, Project Managers, and Finance Personnel. It will be highly valuable for individuals seeking to enhance their expertise in this specialised domain and managers responsible for teams engaged in contract management areas.

5 days

London | £4950

COURSE PROFILE COMPETENCIES
COURSE PROFILE

Contract Strategy Fundamentals

  • Developing Effective Contract Strategies
  • Identifying Key Risks and Mitigation Strategies
  • Aligning Contracts with Organisational Goals
  • Navigating the Contract Lifecycle

Negotiation Excellence

  • Mastering Advanced Negotiation Techniques
  • Crafting Effective Negotiation Strategies
  • Conflict Resolution Skills in Negotiations
  • Leveraging Real-time Negotiation Simulations
  • Enhancing Communication in Negotiation

Contract Drafting and Review

  • Drafting Clear and Effective Contract Clauses
  • Avoiding Common Drafting Errors
  • Ensuring Legal Compliance
  • Quality Control in Contract Documents

Contract Execution and Performance Management

  • Successful Execution Strategies
  • Managing Scope Changes Effectively
  • Stakeholder Communication
  • KPIs for Performance Evaluation

Dispute Resolution and Continuous Improvement

  • Handling Disputes and Claims
  • Contract Renewal and Termination
  • Implementing Continuous Improvement
  • Creating a High-Performance Contracting Team
SKILLS

At the end of the course delegates will be able to:

  • Develop comprehensive contract strategies aligned with organisational goals.
  • Draft clear and effective contract clauses while ensuring legal compliance.
  • Excel in negotiation techniques and conflict resolution.
  • Manage contract execution, scope changes, and stakeholder communication.
  • Evaluate contractor performance using KPIs and handle disputes effectively.
  • Implement continuous improvement strategies in contract management.
  • Renew contracts and create high-performance contracting teams.

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