Standalone short course
$875 incl. GST per participant
CIPS pathway
$1,095 incl. GST (includes one year CIPS student membership)
In person or virtual
1.5 days or 6 x 2-hour sessions
Choose your learning pathway
Two pathways, depending on your goals
Option 1
Short course
Build practical skills you can apply immediately in the workplace.
Complete the course and receive an AcademyGlobal Certificate of Course Completion recognising your professional development.
Option 2
Short course + CIPS exam
Build your skills and progress towards the CIPS Level 5 Advanced Diploma in Procurement and Supply.
Complete the course and register for the official CIPS L5M4 exam. Pass the exam to earn 12 credits towards the CIPS Level 5 Advanced Diploma in Procurement and Supply.
Eligibility: you need the CIPS Level 4 Diploma first.
Are you being measured on savings but struggling to show how your contracts really perform?
In this practical 1.5-day course (or 6 x 2-hour sessions), you will learn how to develop financial measures to manage and improve contract performance, and how contract and financial management support effective strategic sourcing.
In any organisation, a significant element of procurement and supply activity is focused on the contracting process. If you are involved in forming and managing contracts with external suppliers, you need a detailed understanding of the strategic nature of contractual performance measures. You will also explore financial management, the efficient and effective management of the funds needed to accomplish organisational and procurement and supply objectives.
Delivered by AcademyGlobal faculty who are experienced procurement practitioners and hold MCIPS or FCIPS qualifications, the course combines practical activities, group discussion and locally relevant examples drawn from the Australian and New Zealand procurement environment.
AcademyGlobal is Australia and New Zealand’s first and only CIPS Centre of Excellence, recognising the quality of our CIPS teaching, learner support and study centre delivery.
1.5 days or 6 x 2-hour sessions
In person or virtual, with practical activities and group discussion.
Option 1: Short course. On completion, you will receive an AcademyGlobal Certificate of Course Completion.
Option 2: Short course and CIPS exam. After the course, you can sit the CIPS L5M4 exam in one of the CIPS exam periods (see the CIPS exam schedule). A pass gives you 12 credits towards the CIPS Level 5 Advanced Diploma in Procurement and Supply. To sit the exam, you must first have achieved the CIPS Level 4 Diploma in Procurement and Supply, which is the CIPS entry requirement for Level 5. This applies only if you choose to sit the exam. You do not need it to attend this course. The exam fee is set by CIPS and paid separately (see CIPS exam fees), and AcademyGlobal will take care of your exam registration and support you with administration. You must hold current CIPS membership to sit the exam. If you are not already a CIPS member, the CIPS exam pathway fee includes one year of CIPS student membership.
By the end of the course, you will be able to:
Option 1: Short course. This option is for participants who wish to complete the training without undertaking a CIPS exam or other formal assessment. On completion of the course, you will receive an AcademyGlobal Certificate of Course Completion, confirming your participation in and completion of the training. This option does not include assessment, a CIPS examination or credits towards a CIPS qualification.
Option 2: Short course and CIPS exam. After completing the course, you can sit the CIPS L5M4 Constructed Response (CR) exam during one of CIPS’ scheduled exam periods throughout the year (see the CIPS exam schedule). A pass gives you 12 credits towards the CIPS Level 5 Advanced Diploma in Procurement and Supply. To sit the exam, you must first have achieved the CIPS Level 4 Diploma in Procurement and Supply, which is the CIPS entry requirement for Level 5. This applies only if you choose to sit the exam. You do not need it to attend this course.
The L5M4 exam is a computer-based, three-hour Constructed Response examination. Rather than selecting answers from multiple-choice options, you are required to construct and type your own responses, using an essay-style or case-study approach to demonstrate your understanding and application of the module content. CIPS uses Constructed Response examinations across its Diploma-level qualifications.
CIPS offers remote invigilation, allowing you to sit the computer-based exam from a suitable location such as your home or office, provided you meet CIPS’ technical and examination-environment requirements. The examination is completed on CIPS’ computer-based examination platform and is supervised remotely by an online invigilator.
For a remotely invigilated examination, you will need an appropriate desktop or laptop computer, stable internet connection and a suitable private environment in which to complete the exam. CIPS provides instructions and technical checks to help candidates prepare for remote examination day.
The exam fee is set by CIPS and paid separately (see the CIPS exam fees). AcademyGlobal will take care of your exam registration and provide administrative support throughout the process.
You must hold current CIPS membership to sit the examination. If you are not already a CIPS member, the CIPS exam pathway fee includes one year of CIPS student membership.
Upcoming Programs
Scheduled Courses
CIPS Centre of Excellence
1.5 days or 6 x 2-hour sessions
From $875.00
What Our Learners Say
I commenced my CIPS Level 4 Diploma in Procurement and Supply with AcademyGlobal (AG) 1 year ago. It’s been such a positive and fruitful journey with AG for my CIPS study pathway. With genuine, timely and supportive advice from AG’s administration team and professional and structured tutorial coaching from AG’s faculty, I am expected to complete the last stage of my Level 4 course with proven satisfactory exam results and improved solid technical skills that resulted in a job promotion halfway through my course. I will definitely recommend AG to anyone who wants to advance their career in procurement and supply without any hesitation!
Advanced Contract and Financial Management: Frequently Asked Questions
What does the course cover?
In this practical 1.5-day course (or 6 x 2-hour sessions), you will learn how to develop financial measures to manage and improve contract performance, and how contract and financial management support effective strategic sourcing.
In any organisation, a significant element of procurement and supply activity is focused on the contracting process. If you are involved in forming and managing contracts with external suppliers, you need a detailed understanding of the strategic nature of contractual performance measures. You will also explore financial management, the efficient and effective management of the funds needed to accomplish organisational and procurement and supply objectives.
Who is this course for?
If you work in procurement and supply with responsibility for contracting, and you need a strategic awareness of the financial impact contracts have on your organisation, this course is for you.
What are my options for completing the course?
You can choose between two learning pathways, depending on your professional development goals.
Option 1: Short course
Complete the course as standalone professional development. You will build practical skills you can apply in the workplace and receive an AcademyGlobal Certificate of Course Completion.
There is no requirement to become a CIPS member or sit an examination.
Option 2: Short course + CIPS exam
Complete the same course and then sit the official CIPS L5M4 Advanced Contract and Financial Management examination. To sit the exam, you must first have achieved the CIPS Level 4 Diploma in Procurement and Supply.
If you pass the examination, you will earn 12 credits towards the CIPS Level 5 Advanced Diploma in Procurement and Supply, allowing this course to form part of your pathway towards the full CIPS qualification.
Which option is right for me?
Choose the short course option if your primary goal is to build practical procurement capability and gain professional development recognition without completing an examination.
Choose the CIPS exam pathway if you would also like your learning to contribute towards the internationally recognised CIPS Level 5 Advanced Diploma in Procurement and Supply.
You can also begin with this course and decide to continue with additional CIPS Level 5 modules as your professional development progresses.
Do I have to sit the CIPS exam?
The CIPS examination is optional.
You can complete the course as standalone professional development or choose to sit the CIPS L5M4 examination afterwards. To sit the exam, you must first have achieved the CIPS Level 4 Diploma in Procurement and Supply. AcademyGlobal can arrange your exam registration and provide administrative support if you choose the CIPS pathway.
The CIPS examination fee is set by CIPS and is paid separately.
Will I receive a certificate?
Yes. When you complete the short course, you will receive an AcademyGlobal Certificate of Course Completion.
If you also choose to sit and pass the CIPS L5M4 examination, you will additionally earn 12 credits towards the CIPS Level 5 Advanced Diploma in Procurement and Supply.
Who delivers the course?
The course is delivered by AcademyGlobal faculty who are experienced procurement practitioners and hold MCIPS or FCIPS qualifications, with senior leadership and industry experience across the public and private sectors.
Your faculty combine CIPS-aligned learning with practical activities, group discussion and examples tailored to the Australian and New Zealand procurement environment.
Is AcademyGlobal an approved CIPS Study Centre?
Yes. AcademyGlobal is a CIPS Approved Study Centre and CIPS Study Centre of Excellence, delivering CIPS professional qualifications across Australia, New Zealand and the broader Asia-Pacific region. AcademyGlobal has delivered CIPS qualifications since its appointment as an Approved Study Centre in 2019.
How is the course delivered?
The course runs over 1.5 days, or 6 x 2-hour sessions, depending on the scheduled intake.
You can participate in person or virtually, depending on the available course dates.
How much does the course cost?
The standard short course fee is $875 incl. GST per participant.
If you choose the CIPS pathway and require CIPS student membership, the fee is $1,095 incl. GST, including one year of CIPS student membership.
If you already hold current CIPS membership, you pay the standard $875 incl. GST course fee.
The CIPS examination fee is not included and is paid separately.
How do I enrol?
Click Register Now at the top of this page, or choose a session under Upcoming Programs, to enrol through our booking system. When you register, tick the box on the registration form if you also wish to sit the CIPS exam, and our team will send you further details.
If you have questions, complete the enquiry form below or email info@academyglobal.com and our team can help you choose the pathway that best suits your professional development goals.
What practical questions will this course help me answer?
How do I set KPIs that measure contract performance?
You will assess the application of KPIs in delivering contract performance across cost, quality, delivery, safety, ESG and product development, and the role of qualitative and quantitative data in measuring and improving contract performance.
How can I manage volatile currency and commodity prices?
You will appraise methods for managing the volatility of currencies, including spot, forward and derivative instruments, and analyse methods for managing commodity volatility, including futures and hedging.
How do I show the financial value of supply chain performance?
You will calculate and evaluate financial measures such as return on capital employed, cash flow, NPV and IRR, and look at the use and limitations of balanced scorecards and benchmarking.