Key details
Mode of delivery: Classroom-based
Course code: PCM21B
Duration: 1 day
Fee: £915.00 + VAT
CPD Hours: 6
Course Overview
This session explores financial management in contracts, focusing on cash flow, pricing models, and payment structures. Participants will learn how to analyse costs, manage invoicing, and use financial instruments like letters of credit and retention to ensure smooth contract execution.
Agenda
Managing the Contract Financials
- Selecting an Appropriate Contract Model
- Pricing Models and The Importance of Cashflow
- Managing Payments and Invoicing
- Key financial instruments – Letters of Credit, retention, Bonds and guarantees and other collateral agreements
Course Review
- Summary and recap of key learning objectives
- Action Planning
Target Audience
This course is suitable for:
- Procurement managers and supply chain professionals responsible for contract strategy and risk assessment.
- Project managers who handle contract variations, delays, and performance issues.
- Legal and compliance professionals involved in contract review and risk mitigation.
- Contract and commercial managers who handle contract extensions, defects, contractor claims and disputes.
- Professionals in construction, oil and gas, energy, engineering, and manufacturing industries who manage contract performance.
Learning Outcomes
By the end of this course, you will be able to implement a successful strategy that enables you to:
- Compare and contrast different contract models, including construction, engineering, and consultancy contracts, based on project requirements.
- Assess the importance of cash flow in contract performance and financial management.
- Apply cost and price analysis techniques to evaluate procurement decisions and contract pricing models.
- Explain key financial instruments such as letters of credit, retention, and performance-based payments, and their role in contract execution.
Course dates
Apr 8, 2026
Aug 11, 2026
Nov 24, 2026
