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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?
Who should attend this Commercial Contracts Management Training Course?
The Commercial Contracts Management Training Course is designed for those who want to enhance their understanding of 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 contract managers use to negotiate agreements between two businesses. It is responsible for managing the entire process to ensure that all parties involved are aware of their responsibilities and plan for complex business. Studying this training helps individuals communicate with the client about the agreement between the parties and the client’s intentions to create an outline for the contract.
Commercial Contracts Management Training helps learners execute contracts to ensure compliance and the agreement's maximum operational and financial performance. Individuals Such as Contract Managers, Legal Professionals, and Project Managers 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 by The Knowledge Academy, delegates will learn to increase the operational and financial performance of the business. During this training, delegates will learn 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. This training will conduct by highly professional and knowledgeable instructor, with years of teaching experience.
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 to 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.
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
Why choose us
Our Heathrow venue
Includes..
Air conditioned
To keep you comfortable during your course we offer a fully air conditioned environment.
Full IT support
IT support is on hand to sort out any unforseen issues that may arise.
Video equipment
This location has full video conferencing equipment.
Ways to take this course
Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Contract Management Training | Commercial Contracts Management Training in Heathrow. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.
Unlock your potential with The Knowledge Academy's Contract Management Training | Commercial Contracts Management Training in Heathrow, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.
Experience the most sought-after learning style with The Knowledge Academy's Contract Management Training | Commercial Contracts Management Training in Heathrow. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led Contract Management Training | Commercial Contracts Management Training in Heathrow sessions.
Highly experienced trainers
Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience
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
Small class sizes
Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment
Great value for money
Achieve certification without breaking the bank. Find a lower price elsewhere? We'll match it to guarantee you the best value
Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.
Tailored learning experience
Leverage benefits offered from a certification that fits your unique business or project needs
Maximise your training budget
Cut unnecessary costs and focus your entire budget on what really matters, the training.
Team building opportunity
Our offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings
Monitor employees progress
The course know-how will help you track and evaluate your employees' progression and performance with relative ease
What our customers are saying
Provided a good overview at a good pace spending time on highlighting emphasising the key steps to be taken .
Paul Barton
good delivery and useful references to examples.
Shane Jacobs
Great instructor
Tanmay Jha
Contract Management Training | Commercial Contracts Management Training in Heathrow FAQs
Commercial Contract Management involves overseeing the creation, negotiation, and execution of contracts within a business context. It ensures that all organisations fulfil their obligations, manage risks and compliance, and maximise the value of each agreement.
There are no formal prerequisites for this Commercial Contracts Management Training Course.
These Commercial Contract Management Training Courses are ideal for professionals who draft, manage, or negotiate contracts. They include Contract Managers, Procurement Specialists, Legal Advisors, and Business Executives looking to enhance their skills in commercial agreements.
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.
Commercial Contracts Management Training enhances your ability to manage and negotiate contracts effectively, reduces legal risks, and improves compliance. It equips you with practical skills to optimise contract performance and ensures better outcomes for your organisation.
This course takes 1-day to complete during which delegates participate in intensive learning sessions that cover various course topics.
Commercial Contracts Management Training will teach you how to draft, negotiate, and manage contracts effectively, ensuring compliance and minimising risks. The course covers fundamental principles, best practices, and strategies for managing contractual relationships in a business environment.
The Commercial Contracts Management Certification aims to enhance professionals' understanding of contract creation, negotiation, and execution. It equips them with skills to manage contractual risks effectively, ensuring that agreements align with business objectives and legal requirements.
The Knowledge Academy provides flexible self-paced training for this course. Self-paced training is beneficial for individuals who have an independent learning style and wish to study at their own pace and convenience.
A Commercial Contracts Management Certification enhances your ability to manage and negotiate contracts effectively, ensuring compliance and mitigating risks. It signifies a deep understanding of contract law and best practices, essential for safeguarding business interests.
In this training course, delegates will have intensive training with our experienced instructors, a digital delegate pack consisting of important notes related to this course, and a certificate after course completion, ensuring you gain practical experience and in-depth knowledge of course.
If you are unable to access your training, contact the support team at The Knowledge Academy via their customer service email or phone number provided on their website for prompt assistance and resolution of your issue.
Individuals in procurement, contract management, legal, and project management roles often require Commercial Contracts Management Certification to enhance their skills in drafting, negotiating, and managing contracts effectively, ensuring compliance and minimising risks in business agreements.
Yes, The Knowledge Academy offers 24/7 support via phone & email before attending, during, and after the course. Our customer support team is available to assist and promptly resolve any issues you may encounter.
Completing a Commercial Contracts Management Course can lead to roles such as Contract Manager, Procurement Specialist, and Legal Analyst. In these roles, you’ll be responsible for negotiating, drafting, and managing contracts to ensure compliance and mitigate risks for organisations.
Yes, we provide corporate training for this course, tailored to fit your organisation’s requirements.
A Commercial Contracts Management Course enhances your ability to manage and negotiate contracts effectively, ensuring compliance and reducing risks. It equips you with essential skills to handle complex agreements, safeguarding your organisation's interests.
The Commercial Contracts Management Training Course qualification typically includes a basic understanding of contract law and relevant industry experience. It is ideal for contract creation, negotiation, or management professionals seeking to enhance their skills.
After completing the Commercial Contracts Management Training Course, apply your new skills to manage contracts effectively, enhance your negotiation strategies, and ensure compliance with legal standards. Continue developing your expertise through advanced courses and practical experience.
No prior experience is needed to complete Commercial Contracts Management Training. The course is designed for beginners and professionals, providing the foundational knowledge and skills to manage commercial contracts effectively.
A background in other contract management courses is optional for the Commercial Contracts Management Training Course. The course is designed to accommodate beginners and provides foundational knowledge and skills for effective commercial contract management.
The training fees for Commercial Contracts Management Trainingin Heathrow starts from £995
The Knowledge Academy is the Leading global training provider for Commercial Contracts Management Training.
Please see our Contract Management Training courses available in Heathrow
Why choose us
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.
Many delivery methods
Flexible delivery methods are available depending on your learning style.
High quality resources
Resources are included for a comprehensive learning experience.
"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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