Contract Cost and Price Analysis

Finance & Accounting · 5 Days · Public · Al-Khobraa certified · From USD 4,500

Overview

Obtaining fair and reasonable pricing from contractors and suppliers is a primary objective for all businesses and governments. Evaluating prices through Cost and Price analysis are essential skill sets in meeting these objectives Those involved in these activities understand well the significant challenges in this ever-changing business environment and also that there exist significant opportunities for improvement by providing best practice competencies to all those involved in contract and procurement activities.

Learning Objectives

• The Importance Of Price/Cost Analysis In Continuous Improvement Programmers
• The Difference Between Price And Cost Analysis
• Criteria For Selecting The Analysis Type
• Methods Of Price Analysis
• Knowledge of Supplier Strategic Alliances
• Analytical Tools for Cost Drivers
• Methods Of Cost Analysis
• Development Of “Should Cost”
• Types Of TCO Models

Who Should Attend

This course is designed for contract managers, contract engineers, contract administrators, and other professionals seeking to strengthen their capability in this area.

• Contract Managers
• Contract Engineers
• Contract Administrators
• Project Managers
• Engineers
• Tenders Managers
• Buyers
• Purchasing Managers
• Procurement Managers
• Construction Managers

Course Outline

Day 1 — Defining Cost Savings Opportunities

• Reducing The Cost Of Purchased Goods And Services
• Contract’s Savings Impact On The Bottom Line
• Understanding Where To Focus Your Efforts
• Supplier Pricing Models

Day 2 — Performing Price Analysis

• Difference Between Cost And Price Analysis
• Selection Tool
• Methods Of Price Analysis
• Historical Analysis

Day 3 — Performing Cost Analysis

• Methods Of Cost Analysis
• Major Elements Of Cost
• What And How Important Are Supplier Overheads
• Developing “Should Costs”

Day 4 — Other Important Valuation Criteria

• Industry Analysis
• Global Industrial Labor Rates
• Working With Currency Exchange Rates
• Total Costs Of Ownership Models

Day 5 — Controlling Contract Pricing in Volatile Markets

• Dealing in Volatile Economic Situations
• Contract Economic Adjustment Clauses
• Continuous Improvement Methods
• Early Supplier Involvement

Accreditation

Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.

Dates & Venues

Dates	Venue	Delivery	Duration	Fee (USD)
20–24 September 2026	Istanbul, Turkey	Public	5 days	4,500
29 November – 3 December 2026	Roma, Italy	Public	5 days	4,950

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Frequently Asked Questions

What do Al-Khobraa finance and accounting courses cover?

The portfolio covers IFRS (International Financial Reporting Standards) and IPSAS, financial analysis and reporting, budgeting and forecasting, cost and management accounting, accounts payable and receivable, internal controls and audit, and finance for non-finance managers.

Who should attend a finance and accounting course?

These courses suit accountants and financial analysts, finance managers and controllers, budgeting and planning staff, internal auditors, accounts payable and receivable teams, and non-financial managers who own a budget or read financial statements.

How long are finance and accounting courses, and where are they held?

Most Al-Khobraa finance and accounting courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.

What certificate will I receive?

Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.

Can finance and accounting training be delivered in-house for our team?

Yes. Any Al-Khobraa finance and accounting course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.

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