Course overview
This training Workshop addresses three important areas of responsibility for the contract manager. The first day focuses on contractual relationships – what contracts are, what risks do they address, what types of contracts exist and how can you bring all that together to manage the contractor relationship.
The second day looks at the “financials” of contracts, including understanding prices and costs, how contract commitments are supported by forms of security and the important topic of payment.
The third day is about the management of contracts in a dynamic world, where wants and needs change, where contracts need to be varied, and where good administration techniques keep contracts in good shape.
What you'll learn
Upon completion of this training workshop, you will have an excellent grasp of the essentials of making contracts and working with contractors, including:
- How to create and manage the relationship with a contractor, with a legally enforceable agreement.
- Understanding prices and the costs that underpin prices, and the different pricing models that contractors use.
- Contract security, including bonds and guarantees.
- Managing contracts dynamically, including changing agreements and creating appropriate contract documentation.
Study method
- Online
- Blended
- In-class
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Duration study load
- 3 days
Course features
- Management consultation service
- Paperless service delivery model
- Flexible open course schedule
Who's it for?
This training workshop is suitable for:
- Contract engineers
- Contract analysts
- Commercial advisers
- In-house legal advisers
- Company secretaries
- Procurement team members
- General managers
- Executives tasked with managing contracts.
- Contract administrators
- Anyone who wishes to have a good understanding and develop the ability to apply the terms and conditions of a contract.
Subjects
- Contract Law basics
- Contract Types
- Contract Risks
- Cost & price analysis
- Bonds, guarantees and warranties
- Managing payments
- Managing claims
- Managing contractual liabilities and indemnities
- Managing contract variations
- Contract documentation
- Contract administration
About London Business Training & Consulting
London Business Training & Consulting (LBTC) is a business and management training and consultancy service provider operating out of its head office in Hammersmith, West London. For over fifteen (15) years LBTC has catered for the learning & development needs of innumerable individuals and organisations of all sizes from all over the world.
Our customised approach to every management solution we deliver has afforded our clientele world-class business performance. As a result, LBTC benefits from regular re-engagement by our clients year after year, or every time they encounter a business challenge that is seemingly insurmountable.
