About this course
This focused three-day courseprovides a clear and practical introduction to contract management, covering key concepts essential for anyone working with commercial agreements. Participants will learn about contract formation, key contractual terms, financial management, and risk allocation, gaining a strong foundation in how contracts are structured and enforced. With real-world examples and case studies, this programme is ideal for procurement professionals, project managers, and commercial staff who need to understand the core principles of contract management to enhance their decision-making and risk awareness.
What you will learn
By the end of this course, you will be able to implement a successful strategy that enables you to:
- Compare and contrast different contract models, including construction, engineering, and consultancy contracts, based on project requirements.
- Assess the importance of cash flow in contract performance and financial management.
- Apply cost and price analysis techniques to evaluate procurement decisions and contract pricing models.
- Explain key financial instruments such as letters of credit, retention, and performance-based payments, and their role in contract execution.
- Identify common contractual risks, including risks posed by contractors, and assess their potential impact.
- Analyse contract clauses that allocate and transfer risk between parties, applying best practices in risk mitigation.
- Evaluate case studies in contractual risk management to develop strategies for minimising financial and legal exposure.
Recent reviews
The course has been outstanding and the consultant is excellent- one of the best I have encountered. The only drawback is that some participants were not given Ipads because they would spend 3 days instead of the 5 days of the majority participants. Considering that the affected participants paid at least the same fee per day, this is unacceptable. To engender an excellent and stimultaing learning atmosphere, LBTC should not be doing this!
The course was very insightful and educative reflecting current trends in contract management.
The venue location was ideal in turns of location and easy access to get to. The catering and choice was extremely accommodation as I am a vegetarian/vegan. The building, breakout areas and working spaces including the outdoor space was more than adequate. Refreshments and break times that was given was sufficient for the duration.