Advanced Contract Management and Formulation

Week 1: Contract Strategy, Design, and Risk Management

Day 1: Strategic Role of Contract Management

• Evolving role of contracts in business performance
• Contract lifecycle and integration with project lifecycles
• Strategic contract management and value delivery
• Trends in international and public-private contracting

Day 2: Advanced Contract Formulation and Design

• Tailoring contract types (fixed-price, cost-reimbursable, hybrids)
• Developing scopes, deliverables, and milestone definitions
• Drafting clauses: payment terms, variations, warranties
• Formulating frameworks and master service agreements

Day 3: Risk Allocation and Mitigation in Contracts

• Identifying and allocating risk in complex contracts
• Legal, commercial, and operational risk perspectives
• Insurance requirements and risk transfer clauses
• Drafting limitation of liability and indemnity clauses

Day 4: Legal and Regulatory Considerations

• Governing law, jurisdiction, and dispute resolution options
• Contract enforceability and international considerations
• Understanding force majeure, frustration, and termination
• Key regulatory frameworks and compliance requirements

Day 5: Negotiation of High-Stakes Contracts

• Strategies for effective negotiation and renegotiation
• Handling multiple stakeholders and interests
• Building win-win outcomes through collaboration
• Contract finalisation and execution protocols

Week 2: Governance, Performance, Disputes and Closure

Day 6: Contract Governance and Performance Monitoring

• Establishing governance structures and responsibilities
• Key performance indicators (KPIs) and SLAs
• Contract dashboards, reporting and control mechanisms
• Issue escalation and intervention protocols

Day 7: Managing Change, Claims and Variations

• Change control procedures and documentation
• Variation orders and scope management
• Delay, disruption, and extension of time claims
• Pricing changes and cost impact analysis

Day 8: Financial Aspects of Contract Management

• Cost tracking, payment milestones, and invoicing
• Managing advance payments, retentions, and bonds
• Auditing contract financials
• Identifying cost overruns and recovery mechanisms

Day 9: Dispute Resolution and Conflict Management

• Types of disputes in contracts and their root causes
• Alternative Dispute Resolution (ADR): mediation, arbitration
• Drafting effective dispute resolution clauses
• Role of negotiation, legal teams, and third parties

Day 10: Contract Closeout and Lessons Learned

• Contract closure checklist and obligations
• Final audits, deliverable acceptance, and reporting
• Capturing lessons learned and post-mortem reviews
• Building institutional knowledge and contract maturity models