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Course details
Overview
Effective contract and commercial management is essential for businesses to reduce risks ensure compliance optimise supplier relationships and enhance business performance. This course equips participants with the knowledge and practical skills to manage the entire contract lifecycle from contract initiation to execution monitoring and closure. Through interactive discussions real-world case studies and practical exercises participants will learn how to draft negotiate and manage contracts ensure compliance monitor performance and establish Key Performance Indicators (KPIs) to evaluate contract effectiveness and supplier performance.
Objectives
By the end of this course participants will be able to:
Manage the entire contract lifecycle from initiation to execution and closure.
Ensure compliance and performance throughout the contract management process.
Draft and negotiate contracts effectively to protect business interests.
Identify and mitigate risks associated with commercial agreements.
Monitor supplier performance and maintain strong contractual relationships.
Establish and track Key Performance Indicators (KPIs) to evaluate contract and supplier effectiveness.
Resolve contractual disputes efficiently to maintain business continuity.
Implement best practices for contract and commercial management.
Who Should Attend
Contract managers and administrators
Procurement and supply chain professionals
Legal and compliance officers
Commercial and business development managers
Project managers handling contractual obligations
Finance and risk management professionals
Course Outlines
Day 1: Fundamentals of Contract and Commercial Management
Understanding the role of contracts in business success
Key principles of contract and commercial management
Legal and regulatory considerations in contract drafting
Case Study: Reviewing a real-world contract and identifying key clauses
Day 2: Contract Lifecycle Management
Key phases: Initiation negotiation execution performance and closure
Contract structuring: Essential elements of a firm contract
Managing contractual obligations and changes
Practical Exercise: Drafting key contract clauses for a business agreement
Day 3: Ensuring Compliance and Managing Performance
Understanding compliance requirements in contract execution
Contract performance monitoring and issue resolution
Mitigating risks and enforcing contractual obligations
Day 4: Key Performance Indicators (KPIs) and Supplier Management
Establishing KPIs for contract and supplier performance
Supplier relationship management and contract effectiveness
Handling supplier disputes and renegotiations
Case Study: Evaluating a contract based on supplier performance metrics
Day 5: Contract Closure Dispute Resolution and Best Practices
Managing contract termination and renewal processes
Resolving contract disputes and legal considerations
Continuous improvement in contract and commercial management
Course review
Job roles this course is suitable for:
Contract Manager , Commercial Manager , Procurement SpecialistAbout London Training For Excellence
Empowering Professionals for Over a Decade
London Training for Excellence is a leading provider of professional development programmes, established in 2013. For over eleven years, we have been committed to equipping individuals and organisations with the skills and knowledge they need to excel in today's ever-evolving business landscape.
A Breadth of Expertise
We offer a comprehensive range of training solutions across a diverse set of industries, including:
- Artificial Intelligence (AI): Stay ahead of the curve with cutting-edge training on AI applications, machine learning and data analysis.
- Contact Management: Learn best practices for building and nurturing relationships, managing communication workflows and leveraging technology to optimise your outreach efforts.
- Engineering: Enhance your technical expertise and stay current with the latest advancements in various engineering fields.
- Finance and Legal: Gain a deep understanding of financial concepts, legal frameworks and compliance requirements.
- Human Resources: Navigate the complexities of HR practices, from recruitment and onboarding to employee relations and performance management.
- Leadership and Management: Develop your leadership skills, communication techniques and team-building strategies.
- Logistics: Optimise your supply chain operations and ensure efficient delivery of goods and services.
- Marketing and Sales: Develop effective marketing strategies, hone your sales skills and drive business growth.
- Oil and Gas: Gain specialised knowledge and skills relevant to the oil and gas industry.
- Project Management: Master the art of project planning, execution and delivery to ensure successful project outcomes.
Our Approach
At London Training for Excellence, we believe in delivering high-quality, interactive training programmes that cater to diverse learning styles. Our experienced instructors are industry experts who combine theoretical knowledge with practical application.
Flexible Learning Solutions
We understand that busy professionals require flexible learning options. We offer a variety of delivery methods to suit your needs, including:
- In-person training: provides more significant face-to-face interaction. In a classroom setting, attendees can connect in real-time. In-person training also offers more opportunities for group activities and interactive projects.
- Online Courses: Our comprehensive online courses allow you to learn comfortably in your working environment.
- In-Company Training: Tailor training programmes specifically for your organisation's needs and deliver them on-site for maximum impact and employee convenience.
Investing in Your Success
By investing in training and development with London Training for Excellence, you will gain the knowledge and skills necessary to achieve your professional goals and contribute to the success of your organisation.
Contact Us Today
Let London Training for Excellence help you unlock your full potential and drive positive organisational change. Contact us today to discuss your training needs and explore how we can empower your workforce for the future.
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