Commercial Awareness: Core Principles of Construction Contracts

Commercial Awareness: Core Principles of Construction Contracts

For all managers in the construction supply chain, including project managers, contract managers, contract administrators, quantity surveyors and commercial managers.

From $995 per person. Contact us for more information and bulk deals.

About this course

A strong understanding of contract principles is essential for anyone involved in project delivery. This one-day workshop provides a practical foundation in the structure, terminology, and legal concepts behind construction contracts — helping participants make better commercial decisions, avoid common pitfalls, and work more confidently within contract frameworks.

The course demystifies key provisions, explores different contract types, and explains how payment, risk, and dispute mechanisms operate in real-world projects. Delivered by experienced construction professionals, this is an essential session for improving contract fluency and commercial awareness.

What You'll Learn

Who should attend?

This course is designed for project managers, engineers, quantity surveyors, clients, contractors, subcontractors, and consultants working under construction contracts. It is suitable for those with limited contract knowledge and those looking to refresh or strengthen their commercial understanding.

What you’ll learn:

  • The essential elements required to form a binding construction contract

  • The difference between a letter of intent and a formal contract

  • How contract types differ: lump sum, cost-plus, and target cost

  • Procurement models: traditional vs. design & build

  • How payment works under common contracts and the HGCRA

  • How adjudication operates in practice

  • Key clauses that affect delivery, subcontracting, and change control

Outcomes:

Participants will leave with a clearer understanding of how construction contracts function in practice, greater confidence in managing contractual obligations, and practical tools to support project success.

 

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