Optimizing Contracts and Procurement for Value and Compliance

Introduction

Contracts and procurement are no longer administrative or transactional functions. In today’s complex and highly regulated operating environment, they sit at the centre of organisational value creation, risk management, and public accountability. Cost volatility, supply disruptions, regulatory scrutiny, ESG obligations, and public accountability mean that poorly managed contracts now carry significant financial, legal, and reputational risks.

Many organisations still focus heavily on tendering and contract award, yet most value is realised—or lost—after the contract is signed. Common challenges include unmanaged change, weak performance monitoring, unclear roles, and reactive dispute handling, all of which lead to value leakage and non-compliance. At the same time, regulators, auditors, and stakeholders expect transparent decision-making, robust documentation, and defensible outcomes.

This training course is designed to address these realities by equipping participants with practical, lifecycle-based capabilities in contract and procurement management. It focuses on how to structure, manage, and close contracts in ways that protect value, control risk, and ensure compliance—without creating unnecessary bureaucracy. Drawing on real-world examples and common failure points, the programme bridges the gap between contractual intent and operational delivery.

By the end of the GLOMACS training course, participants will be better prepared to make informed decisions, prevent disputes, demonstrate compliance, and translate contracts into sustained performance and value in complex, fast-changing environments.

Objectives

By the end of this training course, participants will be able to:

• Critically evaluate how contract and procurement management can be leveraged to optimise organisational value while ensuring legal, regulatory, and ethical compliance.
• Design and apply effective procurement and contract strategies that balance commercial value, risk allocation, performance outcomes, and compliance obligations across the contract lifecycle.
• Apply robust post-award and closeout management practices to maintain control over performance, change, risk, and assurance in complex contractual environments.
• Demonstrate advanced contract management capabilities—including stakeholder engagement, negotiation, performance management, and governance—to protect value and prevent non-compliance.
• Diagnose, resolve, and prevent contractual disputes, claims, and delivery failures by embedding continuous improvement, transparency, and accountability into contract and procurement processes