Course Details

This course is appropriate for a wide range of professionals but not limited to:

• Contract Administrators and Managers
• Legal and Compliance Officers
• Procurement and Supply Chain Risk Analysts
• Project Managers with high contractual risk exposure
• Commercial Managers and Auditors

• Expert-led sessions with dynamic visual aids
• Comprehensive course manual to support practical application and reinforcement
• Interactive discussions addressing participants’ real-world projects and challenges
• Insightful case studies and proven best practices to enhance learning

By the end of this course, participants should be able to:

• Identify and categorize common legal, financial, and performance risks in various contracts.
• Master techniques for effective risk allocation and transfer using contractual clauses.
• Develop and implement a comprehensive Contract Risk Management plan.
• Design an internal audit framework to monitor and ensure Contract Compliance.
• Proactively manage change orders and claims to minimize commercial exposure.
• Understand regulatory compliance requirements (e.g., anti-bribery, ethics) related to contracts.

DAY 1

Risk Identification and Allocation in Contracts

• Welcome and introduction
• Pre-test
• Defining Contract Risk: Legal, financial, operational, and performance risks
• Systematic risk identification across the contract lifecycle (pre-award to closeout)
• Analyzing and allocating risks using contractual clauses (indemnities, liabilities, warranties)
• The principle of allocating risk to the party best able to manage it
• Developing the initial contract risk register

DAY 2

Risk Analysis and Mitigation Strategies

• Qualitative and quantitative techniques for analyzing contract risk exposure
• Developing specific mitigation strategies for high-impact contract risks
• Risk Transfer: Utilizing insurance, bonds, and guarantees
• Managing price volatility and financial risks through indexing and escalation clauses
• Strategies for dealing with default, termination, and force majeure events

DAY 3

Regulatory and Ethical Compliance

• Understanding key Regulatory Compliance requirements (e.g., anti-bribery/FCPA, export control)
• Developing a contract compliance program and internal audit checklist
• Managing supply chain and sub-contractor ethical compliance
• Data security and confidentiality requirements in contracts
• Techniques for monitoring and reporting non-compliance issues

DAY 4

Managing Risks During Contract Execution

• Risk management in Change Control and variation procedures
• Proactive documentation and evidence management for claims avoidance
• Managing the risk of schedule delays and liquidated damages
• Techniques for monitoring contractor financial health and performance risk
• Workshop: Designing an audit checklist for contract compliance

DAY 5

Review, Control, and Continuous Improvement

• Reviewing contract performance against the risk management plan
• Lessons learned from contract claims and disputes
• Integrating risk management findings into future contract templates
• Summary of best practices in Contract Risk and Compliance
• Post-test
• Certificate ceremony