Course description
Managing the Contract Financials
This training workshop considers the "Financials" in contracts – particularly pricing and underpinning issues around costs. We will look at pricing models where suppliers base their prices on direct and indirect costs and others where market-based issues drive the price. Many contracts require either or both parties to secure their performance with a bond or guarantee. When things go wrong one side may make a financial claim or seek a time extension.
Upcoming start dates
Suitability - Who should attend?
Target Audience
This training workshop is suitable for:
- Contract Engineers
- Contract Analysts
- Commercial advisers
- Inhouse legal advisers
- Company Secretaries
- Procurement team members
- General managers
- Executives tasked with managing contracts.
- Contract Administrators
- Anyone who wishes to have a good understanding and develop the ability to apply the terms and conditions of a contract.
Outcome / Qualification etc.
Learning Outcomes
Upon completion of this training workshop, you will be able to:
- Differentiate between prices and costs and discuss the different approaches to constructing a price.
- Explore the merits of security to support a contract, including performance bonds and advance payment guarantees.
- The management of claims for increased payment or extra time to complete the work is a major element of contract management.
Training Course Content
- Cost & Price analysis
- Bonds, Guarantees and warranties
- Managing payments
- Managing claims
Why choose London Business Training & Consulting
Management consultation service
Paperless service delivery model
Flexible open course schedule
Expenses
Course Price: £680.00 + VAT
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London Business Training & Consulting
London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consultancy service provider. LBTC offers 600 management training courses in sixteen (16) subject categories of durations ranging from 1 day to 11 weeks. This includes 90-minute interactive live...