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Commercial Awareness: Core Principles of Construction Contracts

Commercial Awareness: Core Principles of Construction Contracts

Construction contract training covering commercial awareness, payment mechanisms, procurement models, adjudication, risk allocation and core principles of construction contracts.

Study In-Person

About this course

A strong understanding of construction contract principles is essential for anyone involved in project delivery. In practice, however, many project teams are required to make commercial and operational decisions without fully understanding the contractual frameworks governing time, cost, payment, risk allocation and dispute resolution.

Poor contractual understanding can quickly lead to avoidable disputes, payment issues, unmanaged risk and poor commercial outcomes. Developing commercial awareness across project teams is therefore critical to improving project delivery, communication and decision-making.

Commercial Awareness – Core Principles of Construction Contracts is a practical, implementation-focused training course designed to provide construction professionals with a clear understanding of the core principles underpinning construction contracts and commercial management in live project environments.

Delivered by Steven Evans or Raine Selles, the course draws upon extensive experience advising contractors, subcontractors and project teams across complex construction and infrastructure projects.

What You'll Learn

Topics include:

  • The essential elements of a binding construction contract
  • Letters of intent and informal contract arrangements
  • Understanding common construction contract structures
  • Lump sum, cost-plus and target cost contracts
  • Traditional and design & build procurement models
  • Risk allocation and commercial responsibility
  • Payment mechanisms and commercial administration
  • Payment legislation and the HGCRA
  • Variations and change management
  • Subcontracting and contractual interfaces
  • Adjudication and dispute resolution in practice
  • Common contractual and commercial pitfalls
  • Beyond contract administration

The course is highly practical and discussion-based, using realistic project scenarios and operational examples relevant to live construction projects.

Training is available as:

  • 1-day intensive course

All courses can be tailored to reflect specific contract suites, procurement models and project environments.

Who Should Attend

This course is designed for professionals involved in the delivery, administration or commercial management of construction projects, including:

  • Project Managers
  • Engineers
  • Quantity Surveyors
  • Contractors and Subcontractors
  • Client-side Delivery Teams
  • Commercial Managers
  • Contract Administrators
  • Consultants and Advisors

Contact Us

For further information or to request a tailored training proposal, please contact us.

We provide specialist construction contract and commercial management training for contractors, subcontractors, consultants and project teams seeking practical, implementation-focused capability development across live project environments.

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Coming Soon

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Contact us today to explore how our expertise can benefit your organisation.

What Others Say About Our Training

Anon
The training was comprehensive and a very good refresher of the NEC4 contract. The trainer covered many case scenarios; Also answered all questions from the floor.
I am already experienced in NEC4 contracts. This training further enhanced my understanding of some crucial points of contention.
Anon
The session had relevant workshops/ case scenario which helped me to understand NEC clauses in a better way.I was looking forward to understand…

majorly on Risk, EWN & CEV. It was clearly demonstrated with relevant examples and in-depth discussion with my team-mates, experts and planning expert from your side.

Anon

Reasonable understanding of the contractual requirements and the feedback on what is required under the contract…

Also discussed things which we are not doing correctly. Questions raised was answered.
Anon

Steve and Raine are very professional and experienced in their area. They responded to all our questions. They Understand the procedure required for design change scope

Anon

The course was beneficial, and I enjoyed the workshops. The section on scheduling related to compensation events was relevant and…

helpful to me and the stages of learning was interesting and relatable.

Anon
We went through the matters that we are facing at them moment and subjects that I would like to learn more, which was very helpful for me.

It covers all the information that I require to know in my role, and helped me to gain more knowledge and understanding about the NEC4 contract.

Anon
Very clear and concise training. It was great that it was tailored for the sw contract and there were specific examples as well.

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