- Payment Terms: Enquire
- Locations: Dubai Riyadh Istanbul England - United Kingdom Kuala Lumpur Singapore Barcelona Manhattan - United States
- Duration / Course length: 5 Days
- Starting Date: Enquire About It
- Timings: Enquire
Course details
Course Introduction:
Gain a deep understanding of contract management with this course, which includes drafting, negotiation, and administration of contracts, as well as dispute resolution and legal compliance.
Course Outcomes:
Describe the procurement cycle and the contract management life-cycle
Define and develop the right contract
Measure supplier performance
Analyse contract risks and their impacts
Negotiate effectively with suppliers
Manage contractual changes
Professionally close contracts
Who Should Attend:
Contract management personnel
Purchasing executives, senior managers, and professional staff from supply chain management, logistics and inventory planning and control
General managers wanting to understand the procurement function
Project managers involved in plant and equipment development projects
Technical personnel involved in performance specification of plant and equipment
Engineering planners working with complex maintenance material requirements
Quality managers seeking to understand how supply contracts are managed
Course Topics:
Introduction to Contract Management
principles of contract law
The nines stage of the contract management life-cycle
Forming and creating robust procurement contracts
Standard terms and conditions for goods and/ or servicesSpecial terms and conditions and essential clauses
Key concepts in contracts and associated legal considerations
The scope and features of good contract managementSpecification writing
Exiting changing and migrating contracts
Managing contract extensions and any allowable price increases
Establishing a change control regime
The principles and Process of Contract Negotiation
The main models and processes of negotiation
Negotiating in a purchaser/supplier relationship
Plan and manage a negotiation with a supplier
Identify and negotiate key contract variables
Reaching a win-win agreement
Contract Risk Assessment and Management Techniques
Understanding the various risks that affect all contracts
Contract risk analysis
Develop robust contracts with a focus on mitigating risk
Managing risk through the contract
Managing an exit strategy and risk mitigation in event of contractor failure/default
Managing Relationships and Performance
The importance of collaboration
Key stakeholder management
Setting agreed service levels
Improving contract performance
Managing contract closeout
Eligibility / Requirements
N/A
About LCT International
LCT International is a premier provider of executive education, delivering world-class training and consultancy solutions to international governments, corporations, and professionals worldwide. With a legacy of excellence, innovation, and impact, we help professionals and organizations develop the skills, strategies, and leadership capabilities needed to thrive in today’s dynamic global economy.
Our programs are designed to bridge the gap between theory and practice, ensuring that every learning experience translates into real-world success. Whether you’re a senior executive, aspiring leader, or organization seeking to upskill your workforce, LCT International provides cutting-edge training tailored to your specific needs.
Why Choose LCT International?
- Global Recognition & Expertise – With a strong legacy in professional development, we have trained leaders from over 500 organizations across 100+ countries, making us a trusted name in executive education.
- Tailored Learning Solutions – Our programs are designed to meet the evolving needs of industries, ensuring practical, results-driven learning that enhances careers and strengthens organizations.
- Industry-Leading Faculty – Learn from renowned experts and practitioners with decades of experience in leadership, finance, HR, operations, and strategic management. Our trainers bring real-world insights and case studies to every session.
- Flexible Training Formats – Whether you prefer onsite sessions in global locations, immersive executive retreats, or live virtual training, we offer seamless learning experiences that fit your schedule.
- A Legacy of Excellence – Formerly London Corporate Training (LCT), we have evolved into LCT International, reinforcing our commitment to expanding global access while maintaining our rich heritage of quality education. This transition reflects our continued dedication to offering enhanced learning experiences that cater to professionals worldwide.
- Practical & Impactful Learning – We go beyond theoretical training by integrating interactive workshops, real-world case studies, and hands-on simulations, ensuring that participants can apply what they learn immediately in their professional environments.
Our Areas of Expertise
- Leadership & Strategic Management – Executive leadership, corporate strategy, decision-making, and change management
- Finance & Banking – Financial risk management, corporate finance, investment strategies, and international banking
- Human Resource Management – Talent management, organizational development, performance management, and employee engagement
- Operations & Project Management – Agile project management, supply chain optimization, and operational excellence
- Marketing & Business Development – Digital marketing, brand management, customer experience, and market expansion strategies
- Public Sector & Government Training – Policy development, governance, and regulatory compliance
At LCT International, we don’t just teach – we transform careers, empower professionals, and drive organizational success.
Take the next step in your professional growth!
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