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Contract Management Principles and Practices

GK# 2652

Course Overview

In this course, you will learn how to manage all aspects of project procurement effectively. You will discover the logic behind contracting principles and practices, and you'll learn the terms, techniques, and tools of converting project needs into outsourced goods and services. You will learn to ensure successful procurements by gaining an understanding of the roles, responsibilities, and expectations of the internal and external stakeholders involved in the procurement chain.

In this skills-building course, you will spend 70% of class time working on contracting activities, from requirements documentation through to contract closure. Exercises include the development of a procurement strategy, contract selection, revising and updating SOWs, risk management, negotiating claims settlement, and collection of lessons learned.

Students pursuing a university-recognized and/or accredited certificate in Canada or continuing education units in the US must attend at least 90% of class time, participate in class exercises and section-knowledge checks, and score at least 70% on an end-of-class, multiple-choice assessment.

Delivery Format Options

  • Classroom Live

    Classroom Live

    Receive face-to-face instruction at one of our training center locations.


    $1995 CAD

    3 day

  • Virtual Classroom Live

    Virtual Classroom Live

    Experience expert-led online training from the convenience of your home, office or anywhere with an Internet connection.


    $1995 CAD

    4 day

  • Private Group Training

    Private Group Training

    Train your entire team in a private, coordinated professional development session at the location of your choice.

    Receive private training for teams online and in-person.

Request a date or location for this course.

What You'll Learn

  • Steps and stages of contract management from needs analysis to closure
  • Terms and terminology of contracting and procurement
  • Legal requirements of contracts and their implications
  • Ingredients for contracting success
  • Stakeholder mapping and expectations analysis
  • Converting project objectives to contract requirements
  • Applications and weaknesses of contract types
  • Risk transfer through contracting terms and conditions
  • Impact of subcontractors
  • Procurement planning from needs analysis through to creation of bid packages
  • Importance of the SOW
  • Procurement process including bid packages, source selection, and awarded contracts
  • Contracting paper trail and the time requirements for the steps involved
  • Negotiation principles
  • Administering contracts: Taking awarded contracts through to completed work
  • Communication feedback loop
  • Performance monitoring
  • Contract change control principles
  • Claims administration
  • Contract closure from completed work to creation of a contract archive
  • Early termination clauses
  • Lessons learned best practices
  • Contracting problems and their solutions

Follow-On Courses


Who Needs To Attend

Anyone involved in contracting of any kind. Whether you are a team member, project manager, or executive, this course will put the mechanics of procurement into perspective.

Course Outline

Download Course Outline