An intensive professional development training course on
Contract Management Principles & Practices
Getting a Grip on Service Providers, Vendors and Contractors
Why Choose Contract Management Principles & Practices Training Course?
Staff involved in the contracting process need to be effective and efficient in applying contract management principles and practices. Without the necessary knowledge and skills, they won’t obtain the best results from contractors, service providers, vendors and other business partners with whom their organisation is doing business. Procurement and supplier management can be a hazardous process which will trip up the untrained or inexperienced manager. This Contract Management Principles & Practices training course will give those staff the foundations to manage third-party suppliers effectively – whether in the field of construction, the supply of equipment and materials, or in the delivery of services.
This Contract Management Principles & Practices training course will feature:
- What can go wrong when managing a supplier contract – and how it can damage your business
- How to spot – and prepare for – the risks that lie ahead in a contracting situation
- How to control contract performance from the start – by setting an appropriate management framework, before the contract is signed
- Why you need to motivate your third-party supplier, and the range of techniques to use to improve his results for you
- What to do if things go wrong – including stepping in, substitution, terminating and dispute resolution
What are the Goals?
By the end of this training course, participants will be able to:
- Provide better outcomes from contracts
- Monitor contract performance
- Know how to analyse contract obligations and risks
- Prepare for contract claims and disputes
- Control variations to contract
- Manage contract default, and consider remedies including termination
The Course Content
- What is Effective Contract Management and why do we need it?
- The causes and effects of contract failure
- Analysis of the Contract requirements
- Defining the Job to be done – specifications and the scope of work
- Key Players in Contract Management
- Identifying risks affecting time, cost and quality
- Responses to risk
- Contract Types and how they manage risk
- Important contract clauses about risk
- Using Bonds and guarantees
- Contract templates: FIDIC, NEC and other standard models
- Building a relationship for supplier performance
- Motivational techniques – carrots and sticks
- Contractor warranties
- Monitoring service performance
- Service Level Agreements
- Tools and techniques for contract default
- Setting the supplier’s agenda on costs and prices
- Cost and Price analysis methods
- Using economic price adjustment techniques
- Price transparency and cost breakdowns
- Managing the financial impact of contract variation
- Negotiation techniques for improving value for money
- Handling contractor claims
- Operating the liquidated damages clause
- Preventing or resolving disputes
- Handling defect liability and retention sums
- Contract administration tasks from award to close out
- Contract termination and handover
Certificate and Accreditation
- AZTech Certificate of Completion for delegates who attend and complete the training course
How Aztech Saudi Can Enhance Your Professional Career
At Aztech Saudi, we believe that professional development is the foundation of long-term career success. This training course is expertly designed to equip individuals with practical skills, forward-thinking strategies, and the confidence to navigate today’s dynamic work environments. Each course is delivered by subject matter specialists with extensive industry experience, ensuring that every learning experience is relevant, impactful, and aligned with real-world challenges. Whether you're looking to strengthen your technical expertise, enhance leadership abilities, or stay ahead of industry trends, Aztech Saudi provides the tools you need to elevate your performance and deliver measurable value to your organization.
Our training is more than just knowledge transfer—it’s a catalyst for career transformation. By participating in our courses, professionals gain a competitive advantage in their fields, improve their decision-making capabilities, and position themselves for new opportunities and leadership roles. We take pride in supporting individuals across various sectors and career stages, helping them unlock their full potential through high-quality, globally benchmarked learning experiences. With Aztech Saudi as your development partner, you’re not only investing in education—you're investing in a stronger, more successful future.
In Partnership With
Do you want to learn more about this course?
© 2024. Material published by AZTech shown here is copyrighted. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.
