Contractual Risk Management Training

Risk Detection, Mitigation, and Compliance Strategies for Procurement, Legal, and Project Professionals

Platform:

Online

In-class

Date	Venue	Duration
07 - 09 December 2026	Sandton, Gauteng	3 Days
24 - 26 February 2027	Sandton, Gauteng	3 Days
21 - 23 April 2027	Sandton, Gauteng	3 Days
07 - 09 June 2027	Sandton, Gauteng	3 Days
23 - 25 August 2027	Sandton, Gauteng	3 Days
13 - 15 October 2027	Sandton, Gauteng	3 Days
01 - 03 December 2027	Sandton, Gauteng	3 Days

Course Introduction

A contract’s real cost isn’t the price on the signature page — it’s the risk buried in the clauses nobody read closely enough. This course works through how that risk actually gets created, allocated, and managed across a contract’s life: from indemnities and insurance, through force majeure and title transfer, to the financial risks of payment terms and currency exposure, and finally to the remedies available when things go wrong.

You’ll leave able to categorise contractual risk properly, compare risk allocation techniques, and know precisely which clause to reach for in which situation — whether that’s an indemnity, a limitation of liability, or a liquidated damages provision. The goal isn’t just legal literacy; it’s the practical judgement to negotiate contracts that protect your organisation before a dispute ever happens.

Course Objectives

This training course aims to:

Define the processes involved in contract risk management
Draw a clear distinction between contract management and contract risk management
Apply effective methods for detecting, evaluating, minimising, and monitoring contract risks
Identify and articulate the varied manifestations of contract risk
Compare and contrast different risk identification and measurement strategies
Examine the implications of different risk allocation measures, and the impact of various risk-allocation techniques
Present ways to transfer risk in contract management
Develop a deep understanding of real contract management needs and client accountability
Enhance interdepartmental communication among commercial, technical, and legal teams across the contract lifecycle

Personal Benefits

Gaining a deeper understanding of the intricacies of contract management and client responsibility
Enhancing collaboration among commercial, technical, and legal departments from the beginning to the end of a contract
Deepening your comprehension of contractual risks and how to strategically allocate them
Building a robust capacity to identify and assess potential risks, distinguishing yourself professionally

Who should attend?

Individuals in Engineering, Contract Management, and Maintenance Roles
Personnel in Procurement, Purchasing, Bidding, Project Management, and Contracts
Those Responsible for Audit, Finance, Claims, and Risk Management
Professionals Involved in the Evaluation, Drafting, Planning, and Administration of Tenders
Candidates Working Toward the Occupational Certificate: Supply Chain Practitioner

Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.

Training Outline

Day 1: Identifying and Categorising Contractual Risk

Module 1: Fundamentals of Contract Risk Identification

Exploring different risk types within risk management
The essentials of contractual relationships
Establishing risk categories from both contractual sides
Detailed risk assessment procedures
Effective management of contractual risks

Module 2: Strategies for Risk Transfer and Mitigation

Mechanisms for transferring risk across various contract models
Understanding lump-sum and fixed-price contracts
Reimbursable cost contracts and their implications
The role of incentive contracts in risk management, and pricing arrangements with award fees
Indemnities and their application; insurance and the cross-indemnities concept

Module 3: Categorising Types of Contractual Risks

Financial risks specific to contracts, and identifying value leakage
Legal risks inherent in contracts
Risks affecting the reputational aspects of contracts
Contract terms that may become controversial
Security risks related to contractual agreements

Day 2: Clauses, Conditions, and Financial Risk

Module 4: Risk-Related Conditions and Clauses

Understanding force majeure and its impact
Managing risks associated with strikes and labour disputes
Title risks, danger, assignment, and novation
The use of ICC Incoterms for allocating risk and title in the transfer of goods
Evaluating risks associated with subcontracting, and subcontractor clause implications

Module 5: Navigating Financial Risks in Contracts

Payment-related risk management strategies
Handling currency risks and economic uncertainties
Approaches to combat corruption and fraud
The nuances of liability exclusion or restriction
Differentiating contract liability from general liability, and comparing it with common law and tort responsibility

Day 3: Remedies and Responding to Contractual Crises

Module 6: Remedies and Responses to Contractual Crises

An overview of general remedies available in contracts
Mistakes and misrepresentations, and the impracticability of performance
Types of remedies and their appropriate application
Dealing with liquidated damages and warranties
Protective measures and real-life case discussions

Close-Out

Course review and interactive Q&A session to consolidate learning

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FAQs – Contractual Risk Management Training

Develop advanced skills in identifying, assessing, and mitigating contractual risks while strengthening compliance and contract management practices.

What topics are covered in the Contractual Risk Management Training?

The training covers contract lifecycle management, risk identification and allocation, indemnity and liability clauses, force majeure, dispute resolution mechanisms, breach of contract, compliance, and negotiation strategies.

Who should attend the Contractual Risk Management Training?

This training is designed for contract managers, procurement professionals, legal advisors, project managers, commercial managers, risk officers, and professionals responsible for drafting, reviewing, and managing business contracts.

What skills will delegates develop through the Contractual Risk Management Training?

Delegates develop practical skills in identifying contractual vulnerabilities, negotiating favorable terms, mitigating legal and commercial risks, drafting clear clauses, managing claims, and resolving contractual disputes effectively.

How long does the Contractual Risk Management Training take to complete?

The training is delivered as a focused short-course programme, with the duration determined by the scheduled programme and the specific training requirements of the organisation.

Is the Contractual Risk Management Training suitable for experienced contract professionals?

Yes. The training is suitable for both experienced contract and legal professionals seeking to sharpen their risk mitigation strategies and professionals who want to strengthen their overall contractual competence.

Can Prospen Africa deliver the Contractual Risk Management Training in-house?

Yes. Prospen Africa can customise the training around your organisation's standard contract templates, risk appetite frameworks, industry-specific regulations, and common commercial disputes faced by your teams.

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