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.