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Course Overview

Procurement and contract management are central to successful project delivery, particularly in complex and resource-intensive environments. Poor procurement practices or weak contracts can lead to costly disputes, delays, and inefficiencies.

This Project Procurement and Contract Management Training Course provides participants with strategies to design procurement plans, evaluate suppliers, negotiate agreements, and oversee contract performance. Using practical exercises and real-world case studies, participants will strengthen their ability to manage procurement cycles and vendor relationships while ensuring compliance and accountability.

By the end of this course, participants will have the confidence to handle procurement challenges, draft and manage contracts effectively, and align procurement outcomes with project objectives.

Course Benefits

• Master procurement planning and execution.

• Strengthen contract drafting, negotiation, and management.

• Build productive vendor and supplier relationships.

• Reduce risks through strong procurement governance.

• Enhance accountability, compliance, and cost efficiency.

Course Objectives

• Define the role of procurement in project success.

• Apply structured approaches to procurement planning.

• Evaluate and select vendors using clear criteria.

• Draft and negotiate effective contracts.

• Monitor and assess supplier performance.

• Manage risks and disputes in procurement.

• Align procurement with legal and ethical standards.

Training Methodology

The course integrates lectures, procurement and contract simulations, negotiation exercises, and case study analysis. Participants will apply techniques directly to project procurement scenarios.

Target Audience

• Project managers and coordinators.

• Procurement and contract management professionals.

• Supply chain and sourcing officers.

• Executives overseeing vendor and supplier partnerships.

Target Competencies

• Procurement planning and execution.

• Contract negotiation and management.

• Vendor performance oversight.

• Risk and compliance in procurement.

Course Outline

Unit 1: Introduction to Procurement and Contract Management

• Role of procurement in project success.

• Procurement lifecycle overview.

• The importance of effective contract management.

• Common procurement and contract pitfalls.

Unit 2: Procurement Planning and Strategy

• Developing procurement management plans.

• Make-or-buy analysis in projects.

• Budgeting and cost estimation.

• Aligning procurement with project goals.

Unit 3: Vendor Selection and Evaluation

• Criteria for vendor selection.

• Supplier due diligence and qualification.

• Comparative evaluation techniques.

• Balancing cost, quality, and reliability.

Unit 4: Contract Drafting and Negotiation

• Key elements of project contracts.

• Types of contracts and their applications.

• Negotiation strategies and techniques.

• Avoiding legal and commercial risks.

Unit 5: Contract Administration and Oversight

• Managing contracts throughout the project lifecycle.

• Monitoring performance and compliance.

• Managing variations and amendments.

• Tools for contract tracking and reporting.

Unit 6: Risk and Dispute Management in Contracts

• Identifying procurement and contract risks.

• Risk allocation in contract structures.

• Resolving disputes effectively.

• Case examples of dispute resolution.

Unit 7: Best Practices and Sustainable Procurement

• Applying international procurement standards.

• Ethical and sustainable sourcing.

• Leveraging digital procurement tools.

• Continuous improvement in procurement practices.

Ready to optimize procurement and contracts in your projects?
Join the Project Procurement and Contract Management Training Course with EuroQuest International Training and secure stronger outcomes with confidence.