This training workshop provides in-depth coverage of three key areas of responsibility for contract managers. Here’s a breakdown of each day’s focus:

Day 1: Contractual Relationships On the first day, participants will explore the fundamentals of contractual relationships. This includes understanding the nature of contracts, the risks they address, different types of contracts, and how to effectively manage the contractor relationship. By the end of the day, participants will have a solid foundation in establishing and maintaining successful contractual relationships.

Day 2: Financial Aspects of Contracts The second day centers around the financial aspects of contracts. Participants will gain insights into pricing and cost analysis, understanding the economic factors involved in contracts. They will also delve into the importance of contract commitments and the various forms of security that support them. Payment terms and practices will be explored as a crucial topic within this context.

Day 3: Dynamic Contract Management The focus of the third day is on managing contracts in a dynamic environment. Participants will learn how to navigate changing wants and needs, addressing the need for contract variations. Effective administration techniques will also be covered, emphasizing their role in keeping contracts in good shape and ensuring their continued success.

Throughout the workshop, a combination of lectures, discussions, exercises, and case studies will be utilized to enhance participants’ understanding and practical application of the concepts. By the end of the training, participants will have gained comprehensive knowledge and skills in managing contractual relationships, understanding financial aspects, and effectively administering contracts in a dynamic business landscape.