Advanced Contract Management

Code

781

Start Date

2025-10-26

End Date

2025-10-30

City

Roma

Price

4950 $

Language

Participants

1-15

Hotel

Hotel Meeting Room

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Course Overview

Discover how to plan and manage a variety of contract administrative functions for the successful delivery of goods, works, and services in accordance with the “scope”, “quality”, “time” and “cost” provisions of the relevant contracts and recognized standards of professional practice.

This advanced contract management certification course aids in strengthening participant’s knowledge and skills in adaptive and agile contract management and administration of all types of procurement contracts: goods, consulting services, non-consulting services, and works.

It explores various performance-tracking, trend-analysis, supervision, risk-controlling, reporting tools, and procedures used in contract administration in line with best up-to-date international practices to ensure value for money and sustainable outcomes.

Course Objectives

Acquire knowledge of contract drafting, negotiation, and dispute resolution
Study the key principles, aspects, and purpose of contract management
Evaluate your responsibilities to deliver effective value for money services in a contract
Appreciate the necessity to manage performance, administration, and delivery within the contract
Consider, manage and mitigate the risks in contract management
Maintain and sustain the mutually beneficial relationship with suppliers

Training Methodology

Lectures
Seminars & Presentations
Group Discussions
Assignments
Case Studies & Functional Exercises

Organisational Benefits

Use the best means of handling claims, disputes, and performance issues
Learn various ways to meet stakeholder requirements
Minimize risks
Select suitable and appropriate types and forms of contracts for different situations
Achieve closer relationships and connections with suppliers
Enhance Contract Management knowledge and skills

Course outline

Principles of Good Contracting
- Why do we use contracts?
- Main steps in the creation of a contract
- Essential elements of a valid contract
- Tendering & Contract Award Process – An Overview
- Advantages of tendering and certain pitfalls to avoid
- Distinguishing price and values
- Other Types of Obligation Documents
- Bonds and Guarantees
- Letters of intent and award – are they contractual?
- Letters of Comfort – Does it mean anything?
- Side letters – why they can be risky and dangerous?
- When to Obtain Legal Advice?
- Law of Agency
- Authority to sign contracts
Contract Set-Up
- Value risk approach to managing contracts
- Roles and responsibilities
- Effective stakeholder management
Pre-Award
- FAR
- Explanation of Source Selection Plans
- Evaluation Factors
- Dispute Resolution
Post Award
- Performance Analysis
- Cost Monitoring
Cost and Value Management
- Understanding total cost
- Reducing total cost
- Tracking cost, value, and benefit realization
Managing Contract Close-Out
- Managing transitions
- Important tips, tricks, and traps in contract closeout
- Capturing and sharing lessons learned
Risk-Based Contractual Process
- Identification
- Assessment
- Classification
- Quantification
- Monitoring
Eliminating Sources of Contract Disputes
- Errors and omissions
- Anticipating and avoiding conflicts
- Dealing with Unknowns
- Tracking Changes
- Managing Expectations
Resolving Disputes
- Negotiation
- Stage processes
- The need for compromise
- Negotiation techniques
- Litigation
- Arbitration
- Alternative Dispute Resolution
- Expert determination
- Early neutral evaluation
- Mini-Arbitration
- Mediation
- Pendulum Arbitration
- Dispute Review Board and similar arrangements

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European Quality for Training and Consultancy is certified

ISO 9001-2015

Other Dates for the Courses

Contracts Management and Law Training Courses

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The Proposed Courses

Advanced Contract Management

Course Overview

Course Objectives

Training Methodology

Organisational Benefits

Course outline

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