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Introduction Key Learning Outcomes Training Methodology Who Should Attend? Outline

Introduction

Effective contract management depends on the disciplined identification, allocation, and control of risk across the full contract lifecycle. In a post-pandemic environment marked by disruption, uncertainty, and heightened scrutiny, organisations must move beyond risk avoidance toward structured risk sharing, accountability, and compliance-led decision-making.

The Contract Risk Management Course focuses on developing a strategic approach to contractual risk, enabling professionals to determine ownership of risk, understand consequences, and apply appropriate contractual mechanisms. By integrating risk mitigation with compliance principles, the course supports stronger outcomes, reduced disputes, and improved project performance across complex commercial arrangements.

Key focus areas include:

Identifying and assessing contractual risk drivers
Strategic allocation of risk between contracting parties
Use of contract terms to manage and transfer risk
Applying post-pandemic lessons to contract compliance

Key Learning Outcomes

At the end of this Contract Risk Management training course, participants will be able to:

Analyse how contractual risks arise and impact project outcomes
Evaluate methods for identifying, assessing, and prioritising contract risk
Apply appropriate risk allocation techniques across contract types
Improve compliance through effective contract terms and controls
Integrate risk management throughout the contract lifecycle
Strengthen decision-making in managing disputes and remedies

Training Methodology

The Contract Risk Management Course follows an expert-led, applied learning approach focused on real-world contractual challenges. Participants engage in guided discussions, practical exercises, and scenario analysis to translate risk and compliance concepts into actionable contract management practices.

Who Should Attend?

This training course is ideal for professionals seeking to apply the principles of the Contract Risk Management Course within commercial and project environments, including:

Contract and Commercial Managers
Procurement and Supply Chain Professionals
Project and Programme Managers
Risk and Compliance Professionals
Legal and Contract Administration Specialists
Senior Managers involved in contract oversight

Course Outline

Day 1

Types and Management of Risk

The Need for Contractual Relationships
Defining Risk
Categories of Risk for Both Sides of a Contract
Risk Assessment Processes
Managing Risk Before and During the Contract
Qualifying Suppliers
Negotiating Terms that Carry Risk
Internal Control and its Proportionality

Day 2

Minimizing and Transferring Risk

Transferring Risk through Contract Types
Firm Fixed Price or Lump Sum Contracts
Cost Reimbursable Contracts
Incentive Contracts
Award-Fee Pricing Arrangements
Terms, Conditions and Warranties
Indemnities and Cross Indemnities
Insurance and Guarantees

Day 3

Risk Related Terms & Conditions in a post-Pandemic World

External Events
Force Majeure
Strikes and Other Labour Disputes
Risk and Title
Use of ICC Incoterms
Assignment, Novation and Re-Negotiation
Other Clauses that Need to Flow Down to Sub-contractors
Risks Associated with Sub-Contractors

Day 4

Dealing with Financial Risks

Controlling Risk Associated with Payments
Currency Risk
Economic Risk
Fraud and Corruption
Limiting or Excluding Liability
Distinctions between Liability in Contract, and the General Law
Gross Negligence

Day 5

Remedies When Bad Stuff Happens

The nature of contractual remedies generally
Mistakes and Misrepresentations
Impracticability of Performance
Types of Remedies
Liquidated Damages
Warranties
An Overarching View of Dispute Resolution
Review of Course, Questions and Answer Session

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