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Course Information

Commercial Contracts Management Training Course Outline

Module 1: Introduction to Commercial Contracts Management

  • What is Commercial Contracts Management?
  • Commercial Contract Management Process
  • Purpose of Commercial Contracts
  • Parts of a Commercial Contract
  • Managing Commercial Contracts
  • Automating Workflows for Commercial Contracts
  • Commercial Contracts Challenges

 Module 2: Drafting Contracts

  • What is Drafting of a Contract?
  • Importance of Drafting of a Contract
  • Objectives
  • Skills required to Draft a Contract
  • What are the Essentials for a Well-Drafted Contract?

Module 3: Commercial Negotiation

  • What is Commercial Negotiation?
  • Preparing for a Commercial Negotiation
  • What are the Stages of a Commercial Negotiation?
  • How to Succeed in a Commercial Negotiation?

Module 4: Contract Risk Management

  • What is Contract Risk Management?
  • Why is Contract Risk Management Important?
  • Types of Risk in Contract Management
  • Contract Risk Management Process
  • Benefits of Contract Risk Management

Module 5: Commercial Bid Evaluation

  • What is a Bid?
  • How a Bid Works?
  • What is Commercial Bid Evaluation?
  • Benefits of a Commercial Bid Evaluation

Module 6: Service Level Agreement

  • What is a Service Level Agreement?
  • Why Service-Level Agreements are Important?
  • How is a Service-Level Agreement Used?
  • Common Metrics
  • Types of Service Level Agreement
  • What is Included in a Service-Level Agreement?

 

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Who should attend this Commercial Contracts Management Training Course?

The Commercial Contracts Management Training Course is designed for those who want to get better at understanding, drafting, negotiating, and managing Commercial Contracts in various industries. The Commercial Contracts Management Training Course can benefit individuals such as:

  • Contract Managers
  • Procurement Professionals
  • Legal Professionals
  • Project Managers
  • Supply Chain Managers
  • Business Development Executives
  • Contract Administrators   

Prerequisites of the Commercial Contracts Management Training Course

There are no formal prerequisites for this Commercial Contracts Management Training Course.

Commercial Contracts Management Training Course Overview

Commercial Contracts Management is a process that contracts managers use to negotiate agreements between two businesses. It is responsible for organising the entire process to ensure that all parties involved are aware of their responsibilities and plan for complex business. Studying this training helps individuals to communicate with the client about the agreement between the parties and the client’s intentions to create an outline for the contract. This training helps learners about executing contracts to ensure compliance and the agreement's maximum operational and financial performance. Individuals with excellent management skills and knowledge will get a satisfactory job in multinational cooperation with desired earnings.

In this 1-day Commercial Contracts Management Training course, delegates will learn to increase the operational and financial performance of the business. During this training, delegates will about contract drafting to regulate business relations between individuals or businesses. They will also learn about risk management which helps companies to minimise their losses and improve business processes. The Knowledge Academy’s highly professional and knowledgeable tutor who has years of teaching experience will conduct this training.

Course Objectives

  • To identify the terms of the agreements exchanged between the parties
  • To anticipate possible requests for a lower price and preserve the margin
  • To provide the information and tools fully exploit outbound contracts
  • To execute and maintain contracts when work is implemented
  • To provide greater insight for better focus and structure its inquiry
  • To reduce litigation risk upfront makes the company investment attractive

At the end of this training course, delegates will be able to make the contract management process quicker and easier. They will also be able to maintain the project budget and gather the proper materials.

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What’s included in this Introduction to Commercial Contracts Management Training Course?

  • World-Class Training Sessions from Experienced Instructors
  • Commercial Contracts Management Certificate
  • Digital Delegate Pack

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Why choose us

Ways to take this course

Our easy to use Virtual platform allows you to sit the course from home with a live instructor. You will follow the same schedule as the classroom course, and will be able to interact with the trainer and other delegates.

Our fully interactive online training platform is compatible across all devices and can be accessed from anywhere, at any time. All our online courses come with a standard 90 days access that can be extended upon request. Our expert trainers are constantly on hand to help you with any questions which may arise.

This is our most popular style of learning. We run courses in 1200 locations, across 200 countries in one of our hand-picked training venues, providing the all important ‘human touch’ which may be missed in other learning styles.

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Highly experienced trainers

All our trainers are highly qualified, have 10+ years of real-world experience and will provide you with an engaging learning experience.

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State of the art training venues

We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible

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Small class sizes

We limit our class sizes to promote better discussion and ensuring everyone has a personalized experience

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Great value for money

Get more bang for your buck! If you find your chosen course cheaper elsewhere, we’ll match it!

This is the same great training as our classroom learning but carried out at your own business premises. This is the perfect option for larger scale training requirements and means less time away from the office.

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Tailored learning experience

Our courses can be adapted to meet your individual project or business requirements regardless of scope.

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Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

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Team building opportunity

This gives your team a great opportunity to come together, bond, and discuss, which you may not get in a standard classroom setting.

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Monitor employees progress

Keep track of your employees’ progression and performance in your own workspace.

What our customers are saying

Commercial Contracts Management Training FAQs

Commercial Contracts Management is a process that contracts managers use to negotiate agreements between two businesses.
There are no formal prerequisites for attending this Commercial Contracts Management Training course.
This course is for everyone who wants to maximise business performance and minimise risks.
There are various stages of Commercial Contracts Management including, making contact, analysis of the customer's needs, sales pitch, rephrasing the objectives, negotiation phase, and closing the sale.
A contract management system is beneficial for reducing business risk and improving compliance, expanding contract visibility, better renewals, and value-added documents.
This course is [ ] day(s)
This training is beneficial for delegates in holding their service provider accountable for the service. This is also beneficial for regulating business relationships and minimising commercial litigation.
In this Commercial Contracts Management Training course, you will learn about the contract management process, preparing for a commercial negotiation, stages of commercial negotiation, working of bid, commercial bid evaluation, service-level agreement, and related concepts.
The price for Commercial Contracts Management Training certification in the United Kingdom starts from £1495
The Knowledge Academy is the Leading global training provider for Commercial Contracts Management Training.

Why choose us

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Best price in the industry

You won't find better value in the marketplace. If you do find a lower price, we will beat it.

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Many delivery methods

Flexible delivery methods are available depending on your learning style.

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High quality resources

Resources are included for a comprehensive learning experience.

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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

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