The Essentials of Contracting

The Essentials of Contracting Training Course gives professionals the insight needed to navigate today’s increasingly complex contracting environment. Contracting is central to business performance, cost management, and risk mitigation, and this course helps participants understand how to minimise exposure while strengthening commercial outcomes. Through this structured learning approach, the course highlights how contracting decisions influence cost, quality, timelines, and risk—for both the organisation and its partners.

This Essentials of Contracting Course equips participants with practical strategies for managing procurement risks, understanding liability issues, and handling the implications of change events. The course draws attention to performance standards, contract administration, and the importance of clear documentation to prevent disputes. Participants gain clarity on how to evaluate tender submissions, develop robust specifications, and assess contractor capability to ensure strong alignment between project expectations and contractual commitments.

By completing this Essentials of Contracting Training Course, participants will be better prepared to handle challenges such as performance failures, dispute resolution, and cost impacts while adopting best practices for monitoring progress and implementing effective controls. The course combines strategic insight with hands-on tools to reduce risk, improve efficiency, and support informed decision-making across the contract lifecycle.

This section explains the core objectives of the Essentials of Contracting Training Course and clarifies how participants will strengthen their overall contracting capability. It focuses on risk, strategy, performance control, and dispute avoidance—ensuring that participants can apply these principles to real contracting scenarios.

By the end of this Essentials of Contracting Course, participants will be able to:

• Assess multiple procurement strategies and select the one that best suits business and project needs
• Identify, evaluate, and manage key contracting risks across the contracting lifecycle
• Analyse change events and understand their contractual, financial, and performance impact
• Monitor contractor performance and enforce quality, time, and cost requirements effectively
• Evaluate claims, assess liability, and determine suitable dispute-resolution paths
• Strengthen organisational capability in minimising disputes and controlling contract exposure

This Essentials of Contracting Training Course is designed for professionals involved in contracting, procurement, commercial oversight, or operational decision-making. It supports individuals at all experience levels who seek a stronger understanding of contracting obligations, risk exposure, and performance management.

This course will greatly benefit:

• General managers and project management teams
• Contracts managers, administrators, and claims specialists
• Procurement and purchasing professionals
• Engineering, maintenance, and operational personnel
• Commercial, financial, and insurance professionals
• Anyone involved in contractor evaluation, negotiations, or contract execution

This Essentials of Contracting Training Course uses practical, interactive, and case-driven methods to ensure strong retention and application of concepts. Participants are guided through real-world contracting examples and challenged to analyse risk scenarios, performance issues, and dispute outcomes.

Training delivery includes:

• Instructor-led presentations grounded in international contracting practice
• Case studies showcasing real contract challenges and lessons learned
• Group discussions to compare experiences and deepen understanding
• Practical exercises on procurement evaluations, risk scenarios, and performance monitoring
• Tools and templates that participants can apply directly within their organisation

These combined methods ensure that participants leave with a practical and actionable understanding of how to manage contracts more effectively.