Contract Negotiation

Contract Negotiation

Key details

Mode of delivery: Classroom-based

Course code: PCM21F

Duration: 1 day

Fee: £925.00 + VAT

CPD Hours: 6

Course Overview

This session equips participants with practical negotiation skills for contract management, covering planning, negotiation styles, and key concepts such as BATNA and ZOPA. Attendees will learn effective tactics, concession strategies, and tools to negotiate contract variations and secure favourable terms.

Agenda

Contract Negotiation

  • Preparing to negotiate – planning, objectives, mandate, issues, strategies
  • Positional bargaining and Interest-based negotiation styles
  • Negotiator tactics and skills, making concessions
  • Tools and techniques to enhance your negotiation, including BATNA and ZOPA

Course Review

  • Summary and recap of key learning objectives
  • Action Planning

Target Audience

This course is suitable for:

  • Contract and Commercial Managers, and Contract Administrators managing active contracts
  • Procurement and Supply Chain Managers, and Vendor Management Professionals
  • Project Managers, Engineers, and Construction or Consultancy Contract Professionals
  • Claims, Variations, Delay, and Performance Management Professionals
  • Legal, Compliance, and Risk Management Professionals involved in contract interpretation
  • Finance and Cost Control Professionals supporting payments, claims, and contract performance
  • Operations Managers and Service Delivery Managers responsible for contractor performance
  • Professionals preparing for senior contract management responsibilities

Learning Outcomes

By the end of this course, you will be able to implement a successful strategy that enables you to:

  • Develop negotiation strategies by understanding planning, mandate setting, and stakeholder interests.
  • Apply key negotiation concepts such as BATNA, ZOPA, and interest-based bargaining to contract discussions.
  • Utilise effective negotiation tactics and tools to manage contract variations and achieve favourable terms.

Categories

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