The Certified Contract Management and Formulation Training Course offered by Oxford Training Centre delivers comprehensive expertise in the strategic formulation, execution, and administration of commercial contracts. Tailored for professionals responsible for managing complex contractual frameworks, the course provides an in-depth understanding of how to structure, draft, negotiate, and oversee contractual agreements in today’s business environments.
Participants will explore the full contract lifecycle—from pre-award development and negotiation to post-award administration and compliance. Through practical insights and legal frameworks, attendees will master essential processes such as contract formulation, drafting legal clauses, managing contractual risks, handling variations, enforcing obligations, and ensuring performance compliance. The course also examines best practices in third-party contract governance and supplier relationship management.
Positioned within the wider spectrum of high-level Legal Contracts and Procurement Training Courses, this programme equips professionals with critical legal and commercial capabilities to handle contracts efficiently, mitigate disputes, and support strategic business outcomes across multiple sectors.
Objectives
- Understand the legal and commercial principles underpinning contract formulation
- Master the end-to-end lifecycle of contracts, from creation to close-out
- Learn effective strategies for drafting, negotiating, and reviewing contracts
- Enhance capabilities in post-award contract administration and performance management
- Develop techniques to ensure contract compliance, risk reduction, and dispute prevention
- Strengthen knowledge of legal documentation and contractual obligations
- Apply best practices in supplier contract management and oversight
- Translate complex contract terms into actionable operational practices
Target Audience
- Procurement professionals and supply chain managers
- Legal advisors and contract administrators
- Commercial officers and compliance managers
- Project and programme managers responsible for contract oversight
- Individuals pursuing a Certificate in Contract Formulation and Management
- Business development professionals managing external partnerships
- Professionals involved in contract drafting and management courses
- Anyone seeking structured professional contract management training
How Will Attendees Benefit?
- Gain hands-on skills in legal contract formulation training and structure
- Understand contract drafting principles and the use of enforceable terms
- Navigate the full lifecycle of contract development with confidence
- Strengthen abilities in managing supplier and third-party obligations
- Build capability to align procurement goals with legal contract requirements
- Develop structured approaches for dispute resolution and compliance tracking
- Improve negotiation effectiveness through legal and commercial insight
- Manage post-award changes, risk exposure, and contract termination procedures
Course Content
Module 1: Introduction to Contract Formulation and Management
- Overview of the contract lifecycle and key legal concepts
- Purpose, scope, and types of business contracts
- Distinction between contract formulation and contract administration
Module 2: Fundamentals of Contract Drafting
- Elements of a valid and enforceable contract
- Structuring key clauses and legal terms
- Drafting commercial and legal obligations with precision
Module 3: Pre-Award Contract Formulation Techniques
- Developing scopes of work and specifications
- Request for proposal (RFP) and procurement alignment
- Legal requirements in tender and bid documentation
Module 4: Contract Negotiation and Agreement Execution
- Strategies for effective contract negotiation
- Establishing mutual understanding and balancing risks
- Formal execution and documentation best practices
Module 5: Legal and Commercial Terms in Contracts
- Payment terms, delivery obligations, warranties, and indemnities
- Force majeure, limitation of liability, and confidentiality clauses
- Handling intellectual property and data protection in contracts
Module 6: Post-Award Contract Administration
- Monitoring performance and key deliverables
- Change control, contract variation, and extensions
- Documenting non-performance and rectification processes
Module 7: Contract Compliance and Risk Management
- Identifying and managing contract risk exposures
- Legal compliance obligations and audit readiness
- Using risk registers and contract performance tools
Module 8: Supplier and Third-Party Contract Oversight
- Governance frameworks for third-party contracts
- Service-level agreements (SLAs) and performance indicators
- Managing subcontractors, consultants, and joint ventures
Module 9: Dispute Management and Legal Enforcement
- Contract breaches, default procedures, and enforcement
- Alternative dispute resolution (ADR), mediation, and arbitration
- Legal case studies involving contract disputes and resolutions
Module 10: Best Practices in Contract Formulation and Management
- Integrating contract management into project delivery models
- Implementing contract lifecycle management systems (CLM)
- Lessons learned from high-risk contracts and mitigation strategies