Managing Contractual Risk (L5M3) Course Overview

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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2,550

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Course Fee 2,550
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2,550 (USD)
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  • Live Training (Duration : 60 Hours)
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  • Classroom Training fee on request

♱ Excluding VAT/GST

You can request classroom training in any city on any date by Requesting More Information

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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

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