Governance, Risk, & Compliance (GRC)

Contract Management Training: Formulation to Execution

Master the art of contract management and formulation in this comprehensive 5-day course. Learn best practices for drafting, negotiating, and administering contracts.

Duration

5 Days

Credits

5 per day

Mode

Full-time

Provider

Blackbird Training Centre

Course Overview

Course Description

This intensive 5-day course provides a comprehensive overview of contract management and formulation. Participants will learn essential skills for drafting, negotiating, and administering contracts effectively. The course covers the entire contract lifecycle, from initial planning to closeout, with a focus on best practices and risk mitigation strategies.

Learning Objectives

Understand the fundamentals of contract law and formation
Develop skills in contract drafting and negotiation
Learn effective contract administration and performance management techniques
Identify and mitigate contractual risks
Master strategies for dispute resolution and contract closeout

Course Modules

Day 1: Foundations of Contract Management

Introduction to contract law and principles
Contract types and structures
The contract lifecycle
Key stakeholders in contract management

Day 2: Contract Formulation and Drafting

Elements of a well-structured contract
Drafting clear and enforceable contract clauses
Common contract terms and conditions
Risk allocation in contracts

Day 3: Contract Negotiation and Execution

Negotiation strategies and techniques
Preparing for contract negotiations
Handling difficult negotiation scenarios
Contract execution and signature processes

Day 4: Contract Administration and Performance Management

Contract monitoring and compliance
Managing contractor performance
Change management and contract modifications
Documentation and record-keeping best practices

Day 5: Dispute Resolution and Contract Closeout

Identifying and resolving contractual disputes
Alternative dispute resolution methods
Contract termination and closeout procedures
Lessons learned and continuous improvement

Practical Wins for Participants

Ability to draft clear and enforceable contracts
Enhanced negotiation skills for better contract outcomes
Improved contract administration and risk management capabilities
Strategies for effective dispute resolution and contract closeout

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