Effective Contract Risk Management Master class

Why Attend

A contract is an agreement that is enforceable at law. It is the primary tool through which organizations manage relationships and understanding with the other party. The risk is a critical consideration in the contracting process. A thoughtful and proactive approach toward risk, as it relates to specific contract actions, contributes to the success of contract performance. The risk is directly related to the successful achievement of targeted goals and objectives. The emphasis of this course is on developing a ...

Overview

Course Outline

Schedule & Fees

Course Methodology

This highly practical and results-oriented Contract Risk Management training course is based on adult learning concept. The facilitator will give plenty of input and then help participants to make sense of the themes through discussion and practice. It incorporates short inspiring demonstrations, roles play and practice to enhance learning. There will be ample time for Q&A, discussions with -return to work- action planning. The program will reinforce key concepts within an inspiring and engaging learning environment.

Pre & Post course assessments will be used to measure the effectiveness of this training and measure the skill and ability of participants.

Course Objectives

By the end of the Effective Contract Risk Management Master class, participants will be able to:

⦁    Identify the components of the risk management process.
⦁    Apply useful techniques to identify, analyze, mitigate and monitor risks in the contracts.
⦁    Describe each phase of the four-phase process model for managing risk.
⦁    Review the impacts of different approaches to risk allocation
⦁    Explore different contract types to transfer risks.
⦁    Consider the contractual techniques to ensure effective risk allocation.
⦁    Learn how to create an effective risk monitoring plan and risk management strategies.
⦁    Reduce contract failure, costly changes, and cost overruns resulting from poor understanding and management of risk
⦁    Effective use of the total cost of ownership method to properly identifying and managing the risks
⦁    Integrate risk management practices into contract administration.
⦁    Drive up the quality of the service delivered by their team

Target Audience

⦁ Contracts, Tendering, Purchasing, Procurement, and Project personnel
⦁ Contract Administration, Engineering, Operational, and Maintenance personnel
⦁ Risk, Claims, Financial, and Audit personnel
⦁ And all others who are involved in the planning, evaluation, preparation and management of tenders and specifications

Target Competencies

n/a

Module 1 - Overview of Risk Management

The Need for Contractual Relationships
Defining Risk
The development of Risk Management
Gaining a Competitive Advantage Through Risk Management
Categories of Risk for Both Sides of a Contract
Risk Assessment Process
Managing Risk
Qualifying Suppliers
Defining Internal Control
Proportionality of Control

Module 2 - Risk Mitigation and Management

How to establish contracts with well-balanced risks between customer and contractor?
Transferring Risk through Contract Types
Firm Fixed Price or Lump Sum Contracts
Cost Reimbursable Contracts
Incentive Contracts
Award-Fee Pricing Arrangements
Using Risk Management post contract to reduce conflict
Using Risk Management with the Parties to Improve the Contract during Tendering
Indemnities

Module 3 - Risks Associated Clauses

External Events
Force Majeure
Strikes and Other Labor Disputes
Risk and Title
Assignment and Novation
Other Clauses that Need Managing Risks between Parties
Other Clauses that Need to Flow Down to Sub-Contractors
Risks Associated with Sub-Contractors

Module 4 - Management of Financial Risks

Controlling Risk Associated with Payments
Currency Risk
Economic Risk
Fraud and Corruption
Limiting or Excluding Liability
Distinctions between Liability in Contract, and the General Law
Gross Negligence
A Review of Some Sample Clauses from Standard Contracts, and other Real Documents

Module 5 - Contingency Measures

Mistakes and Misrepresentations
Impracticability of Performance
Remedies Generally
Types of Remedies
Liquated Damages
Warranties
Cover
Discussion of Real Examples (delegates are encouraged to bring real or made up examples for discussion)
Review, of Course, Questions and Answer Session

$2975

Cape Town

Country: South Africa

Duration: Two weeks

Date: 08–19 Dec 2025

$2975

Arusha

Effective Contract Risk Management Master class

Overview

Course Outline

Schedule & Fees

Course Methodology

Course Objectives

Target Audience

Target Competencies

Module 1 - Overview of Risk Management

Module 2 - Risk Mitigation and Management

Module 3 - Risks Associated Clauses

Module 4 - Management of Financial Risks

Module 5 - Contingency Measures

$2975

Country: South Africa

Duration: Two weeks

Date: 08–19 Dec 2025

$2975

Country: Tanzania

Duration: Two weeks

Date: 16–27 Mar 2026