About the Advanced Contract Management Course

​Time Training Center's 5-day/30-hour Advanced Contract Management Course delivers a strategic and comprehensive approach to managing the entire contract lifecycle.​ It equips you with the skills to plan, develop, negotiate, and administer complex contracts effectively.

The course explores the legal frameworks, best practices, and techniques essential for handling high-value contracts across diverse sectors. It highlights strategic planning, risk management, and dispute resolution methods, including claims and counterclaims, to accurately assess issues and create effective management plans. You also develop practical expertise in selecting appropriate contract types, understanding key clauses, and applying advanced negotiation strategies.

Through a mix of theory and practical case studies, our course helps professionals confidently identify potential risks, resolve conflicts, and apply cost-effective, durable solutions throughout a contract's lifespan. It also equips you to ensure project success and mitigate potential issues in dynamic business environments.

Advanced Contract Management Course Objectives

​By the end of this Advanced Contract Management training course, participants will be able to:​

• Assess and select the appropriate contract types and models based on project requirements and industry-specific factors.
• Comprehend the legal landscape and regulatory frameworks that shape contract management processes across diverse sectors.
• Manage and navigate the complexities inherent in different contract types, ensuring compliance and strategic alignment.
• Leverage performance data effectively to monitor contract execution, identify issues, and make informed decisions.
• Enhance contract management efficiency by integrating strategic planning, risk management, and contract execution.
• Proactively address potential contract issues by anticipating risks, resolving conflicts, and applying industry-specific solutions.
• Develop comprehensive strategies for negotiating, resolving disputes, managing claims, and handling counterclaims in a contractual context.

Training Methodology

We employ a comprehensive and applied learning strategy, integrating theory with real-world implementation:

• 30% Conceptual Learning: Expert-led sessions on catalytic theory and engineering principles
• 20% Interactive Workshops: Group exercises, presentations, and technical discussion forums
• 30% Case-Based Learning: Industry-specific examples and troubleshooting scenarios
• 20% Technology Integration: Digital tools, simulations, and catalyst modeling applications

Note: Instructors may adjust the training approach to fit technical requirements or participant engagement levels.

Course Instructor:

Our courses are delivered by highly qualified instructors with extensive experience in both industry and academia. With decades of hands-on expertise across a wide range of technical disciplines, our instructors are dedicated to providing high-quality, impactful training that equips participants with practical knowledge and skills they can immediately apply. Full instructor profiles are available upon request.

Course Fees

The course fee includes the following:

• Course Materials: Comprehensive participant materials, including lecture notes, slides, and case study documents. (Tablet or IPAD)
• Coffee/Tea: Provided on arrival and during morning and afternoon breaks to keep participants refreshed.
• Buffet Lunch: Served daily to ensure participants have an opportunity to network and recharge during lunch breaks.

Who Should Attend Our Advanced Contract Management Course?

This training course is highly beneficial for professionals who manage complex, high-value, or high-risk contracts and seek to enhance their contract management expertise, including:

• Contract Managers and Administrators
• Procurement Professionals
• Project Managers and Engineers responsible for contract-related activities
• Legal Advisors and Consultants specializing in contract law
• Professionals handling performance management and dispute resolution
• Those with prior experience in contract management who wish to further develop their capabilities and knowledge

Advanced Contract Management Course Outline

Module 1: Understanding the Contract

• Pre-test assessment of existing knowledge
• Overview of the tendering and contract award process
• A refresher on the legal requirements for a contract
• Formal and informal contractual documents, including standard terms and conditions, letters of intent, letters of comfort
• The specification and scope of work: linkage to price and payment
• Identifying contract risks and effective risk management strategies
• Tools and techniques for managing contract risks

Module 2: Key Skills of Contract Management

• The role and value of an effective contract manager
• Implementing the new contract: from award to execution
• Establishing effective review processes and monitoring contractual performance
• Inspection and certification of contractual performance
• Managing suppliers of professional services and contractors
• Working with contract management reports and using KPIs for performance evaluation

Module 3: Model Contracts and Terms

• Selecting the right contract model based on project needs and risks
• Standard form contracts: ICC, FIDIC, NEC, and others
• Understanding key clauses: Force Majeure, indemnities, insurance, warranties, bonds, and guarantees
• Handling contract variation clauses and their application

Module 4: Managing Price and Contract Variations

• Managing price escalation and cost breakdown analysis
• Cost and price analysis techniques for effective decision-making
• Tracking and managing changes in contract scope, timing, and delivery
• Techniques for negotiating price adjustments and contract variations
• Handling changes in work methods and accelerating project timelines

Module 5: Managing Claims and Disputes

• Identifying and managing typical contract claims: scope, delay, quality, and payment issues
• Implementing penalties, service credits, and liquidated/unliquidated damages
• Strategies for termination and handling default situations
• Defects liability management and its impact on project completion
• Dispute resolution techniques: tools and processes for resolving contractual disputes
• Effective contract close-out procedures and finalizing project completion

Module 6: Capstone and Assessment

• Review of Core Topics and Key Learnings
• Final Group Discussion and Q&A
• Post-Test Evaluation
• Certificate Presentation

Course Completion Certificate

Upon completing your course at Time Training Center, you will be awarded an official Course Completion Certificate, recognizing your achievement and the skills you've gained. This certificate validates your expertise and reflects the high standards of training you've undergone.