Last Updated : 17 Feb 2025

Managing Contractual Risk (L5M3) Course Overview

Managing Contractual Risk (L5M3) Course Overview

The Managing Contractual Risk (L5M3) course is designed for senior buyers, contract, and supply chain managers aiming to excel in organisational procurement. With a prerequisite of the CIPS Level 4 Diploma in Procurement and Supply, this 60-hour course deepens your understanding of key legal issues in Contract formation, Breach of contract, and Contractual non-conformance.

You will learn to identify and mitigate risks associated with Contractual offers, Document precedence, and Contract variations. The course also covers strategies for Breach of contract resolution, including Negotiation, Mediation, and Litigation. Practical applications include managing Indemnities, Guarantees, and handling legal consequences of contract termination. This knowledge is crucial for reducing costs, improving quality, and managing the supply chain efficiently.

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Course Fee	3,200
Total Fees	3,200 (USD)

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Course Fee	2,550
Total Fees	2,550 (USD)

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Flexi Video	16,449
Official E-coursebook
Exam Voucher (optional)
Hands-On-Labs²	4,159
+ GST 18%	4,259
Total Fees (without exam & Labs)	22,359 (INR)
Total Fees (with Labs)	28,359 (INR)

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1-on-1 Training

Schedule personalized sessions based upon your availability.

Learn More

Customized Training

Learning without limits. Create custom courses that fit your exact needs, from blended topics to brand-new content.

Learn More

Happiness Guaranteed

Experience exceptional training with the confidence of our Happiness Guarantee, ensuring your satisfaction or a full refund.

Learn More

Destination Training

Immerse yourself in a focused learning environment, free from distractions, where you can sharpen your skills in popular global destinations.

Learn More

Fly-Me-A-Trainer (FMAT)

Flexible on-site learning for larger groups. Fly an expert to your location anywhere in the world.

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Course Prerequisites

Minimum Required Prerequisites for Managing Contractual Risk (L5M3) Course

To ensure you are well-prepared and can successfully undertake the Managing Contractual Risk (L5M3) course, the following prerequisites are required:

CIPS Level 4 Diploma in Procurement and Supply: Completion of this qualification ensures you have the foundational knowledge necessary for advanced topics in procurement and supply management.
Basic Understanding of Contract Principles: Familiarity with foundational contract concepts such as offers, acceptance, and variations will be beneficial.
Experience in Procurement or Supply Chain Management: Practical experience in procurement, contract, or supply chain management will help you better understand and apply the course material.

These prerequisites are designed to help you gain the most from the course and effectively apply the skills and knowledge you acquire. If you meet these criteria, you will be well-prepared to dive into the complexities of managing contractual risk and enhance your expertise in this critical area.

Target Audience for Managing Contractual Risk (L5M3)

Managing Contractual Risk (L5M3) is a comprehensive course designed to equip senior buyers, contract and supply chain managers with the skills to improve procurement processes and fulfill organizational objectives.

Target Audience:

Senior Buyers
Contract Managers
Supply Chain Managers
Procurement Managers
Legal Advisors in Procurement
Purchasing Managers
Vendor Managers
Risk Management Professionals
Supply Chain Analysts
Contractual Compliance Officers
Procurement Consultants
Category Managers
Strategic Sourcing Professionals
Supplier Relationship Managers
Project Managers in Procurement

Learning Objectives - What you will Learn in this Managing Contractual Risk (L5M3)?

Introduction

The Managing Contractual Risk (L5M3) course equips senior buyers, contract, and supply chain managers with the knowledge to effectively manage risks associated with the formation, execution, and potential breaches of contracts. This course emphasizes reducing costs, improving quality and timelines, and resolving legal issues in procurement and supply.

Learning Objectives and Outcomes

Understand the Formation of Contracts:
- Identify issues critical to contract formation and associated risks.
- Analyze implications of contractual documentation and processes on overall risk.
Legal and Process Issues:
- Offers, counteroffers, and acceptance.
- Precedence of documents.
- Contract changes and variations.
Breach of Contract:
- Analyze different levels of breach (minor, major, fundamental, anticipatory).
- Compare and contrast tools and techniques for resolving breaches.
- Explain organizational responses to breaches.
Non-conformance in Contracts:
- Contrast remedies for non-performance in procurement and supply.
- Analyze legal consequences of terminating a procurement contract.
- Compare mechanisms for dispute resolution, including negotiation, ADR, adjudication, arbitration, and litigation.
Contractual Provisions:
- Default clauses, penalties, liquidated and unliquid