A Highly Interactive Training Course On

Contract Management Principles & Practices

Getting a Grip on Service Providers, Vendors and Contractors

10-14 Feb 2025
Dubai
$5,950
19-23 May 2025
Dubai
$5,950
30 Jun-04 Jul 2025
London
$5,950
17-21 Nov 2025
Dubai
$5,950
24-28 Feb 2025
Online
$3,950
21-25 Apr 2025
Online
$3,950

Course Overview

Staff involved in the contracting process must be proficient in applying contract management principles to effectively handle third-party suppliers. Without the necessary knowledge and skills, they risk suboptimal results and potential pitfalls, such as acquiring undesirable contractual liabilities or overlooking critical contract details. This Contract Management Principles & Practices training course provides contract management professionals with essential foundations to manage third-party suppliers efficiently, whether in construction, equipment and materials supply, or service delivery, ensuring they can navigate the complexities of procurement and supplier management with confidence.

 

Training Objectives

By attending this COPEX training course participants will learn how to apply Contract Management best principles and practices in order to:

  • Provide Better Outcomes From Commercial Contracts
  • Monitor Contract Performance
  • Be Able to Analyse Contract Obligations and Risks
  • Control Variations to Contract
  • Manage Contract Default
  • Prepare for Contract Claims and Disputes 
  • Consider and Use Different Solutions, Including Contract Suspension and Termination, if Things Go Wrong

Who should Attend?

This COPEX training course is suitable for a wide range of professionals who are involved in any aspect of Contract Management and who wish to understand, implement and improve their mastery of tools and techniques – and keep a grip on all kinds of third party suppliers. For example:

  • Procurement Officers
  • Contract Engineers
  • Contract Analysts and Administrators
  • Other Contracts and Procurement Professionals
  • Supply Chain Management Team Members

Training Outline

Day One: Introduction to Contract Management
  • 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
Day Two: Managing Contract Risks
  • 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 
Day Three: Establishing the Framework for Contract Performance
  • 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
Day Four: Best Practices around Price and Cost issues
  • 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 
Day Five: Contract Management and Administration
  • 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

Certificates

  • COPEX Certificate of Attendance will be provided to delegates who attend and complete the course

We can customize this
training course for you!

At Copex Training, we offer customizable courses designed to fit your specific needs. whether it's refining procurement practices or enhancing leadership and management skills, we tailor our programs to meet your unique goals and challenges. Let us create a training solution that delivers real results for your team.
Learn More About In-house Training

Got some questions? Look here.

This FAQ section provides quick answers to the most common questions about our services, procedures, and policies. We aim to make your experience with us as straightforward as possible. For further assistance, our support team is ready to help.

How can I register?

There are several ways to register in our public training courses:
Online – Browse the Training Plan, select the course of choice, click on the button
“Register Now” inside the course outline page.
E-mail – Send the details (name, company name, email address and training course of
choice) of your nomination to [email protected]
Telephone – +971 4 368 6886 or +971 50 106 2750

When will I receive the confirmation for my registration/s?

Upon successful registration, processing window will take not more than 24 hours from the time of registration. An email including the registration confirmation, invoice and joining instructions will be sent to the provided email address.

What is included in the training fee?

Published training course fees are inclusive of the training venue, training manual, writing materials, lunch and coffee breaks with refreshments over the entire duration of the training course.

What are the available payment methods?

The training course fee can be settled by either:

  • Bank transfer
  • Credit Card

How many hours per day, and what are the timings of your training courses?

Our training courses will run for 5 hours per day. The standard daily timing is from 8:30 am – 3:30 pm including the coffee/tea breaks and lunch.

Where do you usually hold your training courses?

Our training courses courses are being held at five-star hotels in prime and iconic destinations across the globe. Cities such as Amsterdam, Barcelona, Dubai, Geneva, Istanbul, Kuala Lumpur, London, Houston, New York, Paris, Vienna, Zurich, etc.

Do you provide hotel booking assistance to your delegates?

Once officially registered, we can assist by providing the corporate rates provided by the hotel where the training course will be conducted. Early confirmation will enable us to secure the room at reduced rates

In case of failure to attend, what is your cancellation policy?

Our cancellation policy varies depending on the circumstances presented. Generally, cancellations must be initiated in formal writing at least 14 days prior to the commencement date of the training course. Further, the option to shift an existing registration to another training course on a later date is possible. Otherwise, a full refund will be initiated.

What will I receive after the training course?

Delegates who will attend and successfully complete the training course will earn a COPEX Certificate of Completion. This certification is designed to validate the successful knowledge transfer, and that the desired learning objectives and outcomes to further advance your professional competency are achieved.