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Course Code: PMCM 3900
7 Course Visits
Essentials of Contract Management
Course Sector:
Project & Contract Management
Course Dates and Locations
Choose a date and location to book your seat
No.
Date
Days
Location
Fees
Enrollment
01
5 Days
Dubai, UAE $4,250
02
5 Days
Online, Virtual $2,150
03
5 Days
Riyadh, KSA $4,250
Introduction
Training course introducion / brief
Contracts are the foundation of business relationships across various sectors.
This course provides a practical and strategic overview of contract management, from pre-contract preparation to post-signing execution, performance monitoring, and dispute resolution.
Participants will learn to develop, implement, and manage contracts effectively, ensuring compliance, minimizing legal exposure, and enhancing value throughout the contract lifecycle.
Course Objectives
At the end of the training course, participants will be able to
- Understand key elements and legal principles of contract formation.
- Apply best practices in drafting, reviewing, and negotiating contracts.
- Monitor contract performance and ensure compliance with agreed terms.
- Identify and manage risks throughout the contract lifecycle.
- Implement effective change control and variation management processes.
- Resolve disputes through negotiation, mediation, arbitration, or litigation.
- Build strong working relationships between contracting parties.
- Utilize contract management tools and templates to streamline processes.
Course Audience
Who is this course for, and can benefit the most
- Contract administrators and officers
- Procurement and purchasing professionals
- Project managers
- Legal and compliance staff
- Supply chain and vendor management teams
Course Outline
The course aims and learning outcomes
Introduction to Contract Management
- What is contract management?
- Importance of contract management in business success
- The contract lifecycle: from planning to closure
- Roles and responsibilities in contract management
- Common challenges and pitfalls
Legal Foundations of Contracts
- Key elements of a legally binding contract
- Offer, acceptance, consideration, capacity, legality
- Types of contracts (fixed price, cost-reimbursable, service, etc.)
- Understanding contract clauses and terminology
- Governing law, jurisdiction, and enforceability
Contract Preparation & Development
- Defining clear objectives and scope of work
- Identifying stakeholders and aligning expectations
- Drafting clear, concise, and enforceable contract language
- Inclusion of performance metrics and KPIs
- Risk allocation and liability limitations
Contract Negotiation & Award
- Preparing for successful negotiations
- Understanding interests vs. positions
- Building win-win outcomes and managing trade-offs
- Managing internal approvals and sign-off processes
- Documenting and recording final agreement terms
Contract Execution & Performance Monitoring
- Onboarding and kick-off meetings
- Tracking deliverables, timelines, and milestones
- Change control procedures and variation management
- Reporting mechanisms and contract reviews
- Ensuring compliance and addressing non-performance
Risk Management in Contracts
- Identifying contract-related risks
- Force majeure, breach, termination, and exit clauses
- Insurance and indemnity provisions
- Mitigation strategies and contingency planning
- Using risk registers and checklists
Dispute Resolution & Contract Closure
- Causes and types of contract disputes
- Conflict resolution methods: negotiation, mediation, arbitration, litigation
- Role of contract documentation in resolving disputes
- Lessons learned and post-contract reviews
- Formal contract closeout and archiving
Tools, Technology & Best Practices
- Overview of contract management software (e.g., Icertis, SAP Ariba)
- Digital signatures and e-contracting platforms
- Using templates, dashboards, and alerts
- Continuous improvement in contract management
- Industry best practices and benchmarks
- Case studies highlighting successful technology integration in contract management
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
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