Key details
Mode of delivery: Classroom-based
Course code: PCM11F
Duration: 1 day
Fee: £925.00 + VAT
CPD Hours: 6
Course Overview
This session focuses on managing procurement contracts throughout their life cycle, from drafting and negotiation to performance monitoring and dispute resolution.Participants will explore contract types, including fixed-price and cost-reimbursable contracts, and learn how to select the right model based on procurement objectives. They will gain hands-on experience in contract negotiation, ensuring that agreements provide value and minimize risk.
Agenda
Advanced Contract Management and Supplier Performance
- Contract life cycle management and governance
- Selecting the right contract type: Fixed-price vs. cost-reimbursable contracts
- Key contract negotiation strategies and dispute resolution
- Supplier performance monitoring and evaluation metrics
- Procurement Key Performance Indicators (KPIs) and continuous improvement
Course Review
- Summary and recap of key learning objectives
- Action Planning
Target Audience
This course is suitable for:
- Procurement Managers, Senior Buyers, Category Managers, and Strategic Sourcing Professionals
- Supplier Relationship Managers, Vendor Managers, and Procurement Performance Professionals
- Contract Managers, Commercial Managers, and Legal Professionals involved in procurement agreements
- Supply Chain Managers, Operations Managers, and Risk Managers managing supplier disruption
- Finance, Compliance, Governance, and Internal Audit Professionals supporting procurement control
- Sustainability, ESG, and Ethical Procurement Managers
- Project Managers and Programme Managers managing procurement-heavy initiatives
- Public Sector, NGO, and International Procurement Professionals managing competitive sourcing
Learning Outcomes
By the end of this course, you will be able to implement a successful strategy that enables you to:
- Understand the full contract life cycle and its impact on procurement efficiency.
- Identify and apply the appropriate contract type based on procurement needs and risk considerations.
- Develop negotiation strategies to secure favorable contract terms and resolve disputes effectively.
- Implement supplier performance monitoring tools and evaluation frameworks.
- utilise procurement KPIs to drive continuous improvement and enhance contract outcomes.
Course dates
Jul 29, 2026
Nov 11, 2026
