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Managing Contractual Risk

Managing Contractual Risk

Course Fee

Standalone short course
$475 incl. GST per participant
CIPS pathway
$695 incl. GST (includes one year CIPS student membership)

Delivery and Duration

In person or virtual
1 day or 4 x 2-hour sessions

L5M3 Managing Contractual Risk

Choose your learning pathway

Two pathways, depending on your goals

1

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.

2

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 L5M3 exam. Pass the exam to earn 6 credits towards the CIPS Level 5 Advanced Diploma in Procurement and Supply.

Eligibility: you need the CIPS Level 4 Diploma first.

Is a supplier not delivering what the contract promised, and you are unsure what your options are?

In this practical 1-day course (or 4 x 2-hour sessions), you will evaluate the legal and process issues relating to the formation of contracts and the legal implications of contractual non-conformance, and assess the impacts of breach of contract and the remedies available.

As organisations outsource activity, it is vital that they ensure the associated contracts deliver the expected services and products. If you manage the procurement and supply function, you must identify, monitor and manage contractual risk. You will examine the nature of contract risk, the legal implications relating to contract formation and non-conformance, and the impact and management of breach of contract.

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.

CIPS Centre of Excellence

Key Content

Contract risks associated with offers, counter offers, acceptance and precedence of documents

Contract amendments, variations and changes

Indemnities, liabilities, insurance, guarantees and force majeure

Types of breach, from minor to fundamental and anticipatory breach

Managing breach through negotiation, litigation and alternative dispute resolution

Liquidated damages, service credits and managing reputational damage

Remedies for contract non-performance, including default clauses and serving notice

Terminating a supplier relationship, termination notices and assessment of damages

Course Format

Duration

1 day or 4 x 2-hour sessions

Delivery

In person or virtual, with practical activities and group discussion.

CIPS module

After Your Course

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 L5M3 exam in one of the CIPS exam periods (see the CIPS exam schedule). A pass gives you 6 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:

Analyse the issues relating to the formation of contracts and the associated risks

Analyse types and impact of contract breach

Compare and contrast the methods to manage breach of contract

Explain options to mitigate the consequences of a breach of contract

Contrast remedies that apply to the non-performance of contracts in procurement and supply

Analyse the legal consequences of terminating a supplier relationship for non-performance

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 L5M3 Objective Response (OR) exam during one of CIPS’ scheduled exam periods throughout the year (see the CIPS exam schedule). A pass gives you 6 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 is a computer-based Objective Response examination. Rather than writing extended or essay-style answers, you are presented with questions and select the correct response from a range of possible answers. The pass mark for Objective Response examinations is 70%.

Objective Response exams are held during designated CIPS examination periods. CIPS currently schedules exam periods five times each year, in March, May, July, September and November.

All CIPS examinations are computer based, and you can sit the exam through remote invigilation. This means you can undertake the examination from a suitable location such as your home or office, provided you meet CIPS’ technical and examination-environment requirements.

For a remotely invigilated exam, you will need an appropriate desktop or laptop computer, stable internet connection, webcam and suitable private examination environment. The examination itself is completed through CIPS’ computer-based TestReach platform while an approved remote invigilator supervises the examination. CIPS provides candidates with instructions and technical requirements ahead of the exam.

The exam fee is set by CIPS and paid separately (see the CIPS exam fees), and AcademyGlobal will take care of your exam registration and support you with the associated administration.

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.

Exam format (objective response): you select a response from a list of possible answers. The exam is 1.5 hours long.

Benefits for you

Identify the contract risks that arise when contracts are formed and changed

Understand the options for managing and mitigating a breach of contract

Know the remedies available when a supplier does not perform

Build knowledge that can contribute towards the CIPS professional qualification pathway and progression towards MCIPS

Gain learning aligned to a globally recognised procurement qualification from the Chartered Institute of Procurement and Supply (CIPS), a leading professional body for procurement and supply

Learn from experienced procurement practitioners and CIPS-qualified tutors, including MCIPS and FCIPS professionals

Benefits for your organisation

Reduce contractual risk when outsourcing activity to suppliers

Manage breach of contract and non-performance in a consistent way

Understand the legal consequences before terminating a supplier relationship

Build your team’s procurement capability through learning aligned to CIPS professional standards, with content contextualised to local markets, organisations and regulatory environments

Support structured professional development and progression towards internationally recognised CIPS qualifications and MCIPS status

Upcoming Programs

Scheduled Courses

CIPS Centre of Excellence

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L5M3 Managing Contractual Risk

1 day or 4 x 2-hour sessions

From $475.00

In this practical 1-day course (or 4 x 2-hour sessions), you will evaluate the legal and process issues relating to the formation of contracts and the legal implications of contractual non-conformance, and assess the impacts of breach of contract and the remedies available. Choose the short course on its own, or add the optional CIPS L5M3 exam to earn 6 credits towards the CIPS Level 5 Advanced Diploma in Procurement and Supply.

More Information

Teaching Faculty

Sohana Maharaj
Myla Bulaon
Sarah Collins
Jonathan Dutton
Paul A Gulston
Andres Naranjo
Stephen Rowe

What Our Learners Say

Managing Contractual Risk: Frequently Asked Questions

What does the course cover?

In this practical 1-day course (or 4 x 2-hour sessions), you will evaluate the legal and process issues relating to the formation of contracts and the legal implications of contractual non-conformance, and assess the impacts of breach of contract and the remedies available.

As organisations outsource activity, it is vital that they ensure the associated contracts deliver the expected services and products. If you manage the procurement and supply function, you must identify, monitor and manage contractual risk. You will examine the nature of contract risk, the legal implications relating to contract formation and non-conformance, and the impact and management of breach of contract.

Who is this course for?

If you are tasked with identifying, monitoring and managing contractual risk in procurement and supply, 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 L5M3 Managing Contractual Risk 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 6 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 L5M3 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 L5M3 examination, you will additionally earn 6 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 day, or 4 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 $475 incl. GST per participant.

If you choose the CIPS pathway and require CIPS student membership, the fee is $695 incl. GST, including one year of CIPS student membership.

If you already hold current CIPS membership, you pay the standard $475 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?

What can I do when a supplier is not performing to the contract?

You will contrast the remedies that apply to the non-performance of contracts, including service credits, default clauses, consequential loss, liquidated damages and serving notice, and how these relate to contract breach.

How do I terminate a contract with a supplier?

You will analyse the legal consequences of terminating a supplier relationship for non-performance, including amicable dissolution, drafting and issuing termination notices, the assessment of damages and termination clauses.

How should I handle a dispute over a breach of contract?

You will compare formal and informal action, negotiation, litigation and alternative dispute resolution such as mediation, arbitration and conciliation, as well as options to mitigate the consequences of a breach.

Contact Us

If you would like assistance with your course selection, please complete the form below
or call 1300 950 251