Contract Management and Formulation Course

Overview
Course Outline
Scheduled Dates

Course Overview

The Introduction to Contracts Management and Formulation course is designed to provide participants with a foundational understanding of contracts, their importance, and the key principles involved in effectively managing and formulating contracts. This course is suitable for individuals with little or no prior knowledge of contract management and is ideal for professionals seeking to enhance their contract administration skills.

Objective:

By the end of this program, the participant will be able to:

Understand the role and scope of the contract management
Understand and employ suitable contracting methods
Be familiar with the different types of contracts
Select the right type of contracts
Be able to provide better outcomes from contracts
Review contract administration techniques
Explore contract monitoring techniques
Learn how to get fair treatment in contract changes
Know how to analyze contracts
Handle difficult contract management problems
Discuss contract termination issues
Learn how to deal with financial problems and their practical solutions.
How to prepare for claims and disputes

Course Outline

Day 1

Effective Contract Management
The Most Critical Elements
Key Players In Contract Administration
Analysis Of The Contract
Establishing Major Deliverables

Day 2

What Needs To Be Measured?
The Most Critical Elements
Typical Outputs Of Contract Management
Monitoring Techniques
Identify The Risk
Responses To Risk

Day 3

Contract Types
Administration In Cost Type Contracts
Economic Price Adjustments
Maintaining Contract Schedules
Major Causes Of Changes
Contract Price Change

Day 4

Evaluating Price Changes
Practical Considerations for Bonds & Guarantees
Types of Bonds and Guarantees
Contract termination issues

Day 5

Financial problems and their practical solutions.
Claims and disputes
Case studies

Schedule & Fees

3 For 2Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

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Location

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London

$4,900

Duration: 5 Days

date: 06 - 10 Jan 2025

London

$4,900

Duration: 5 Days

date: 05 - 09 May 2025

London

$4,900

Duration: 5 Days

date: 04 - 08 Aug 2025

London

$4,900

Duration: 5 Days

date: 01 - 05 Dec 2025

Contract and Project Management

Contract Management and Formulation

Duration:5 Days

date:04 - 08 Aug 2025

London

$4,900

CPD Standards

Employees of professional or formally regulated bodies are generally expected to have CPD accredited training. This type of accreditation ensures that the training is knowledgeable, informed and constantly updated. It ensures our standards as a company are kept high and consistent.

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Quality

Our courses are delivered by highly experienced industry experts
Recognition

All our courses are accredited by the CPD Standards Agency

Frequently Asked Questions

How can training courses be used as a company benefit?

Training is hugely beneficial to both yourself and your company. It enables you to employ new technologies, increases your productivity and enables you to be more autonomous. Have a look here at our infographic on the importance of training and development!

How often do you update your course content to ensure relevancy?

Our course content is constantly reviewed and updated to ensure we stay up to date with all the latest trends. After every course is completed we review the feedback and improve the material where necessary.

Do you keep your classroom environment and instructional methodologies current with today’s real-world workplace?

Yes, we focus our training on ‘real-world’ scenarios and our trainers are all highly experienced and skilled in their relevant fields.

Are your courses eligible for professional certification?

Yes, we offer certification with all our courses, every course is entitled to CPD (Continuous Professional Development) hours which you can put towards your professional portfolio.

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