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Construction Projects - Open Book Contract Management

Develop a strategy for implementing effective open book contract management systems and processes, maximise your value for money, and achieve tough targets.
Wed 18 Apr 2018
09:30 AM - 05:00 PM
London, London, Venue tbc

More locations are available - see below for details

£310 + VAT


Organisations pushed to achieve tough targets and develop collaborative processes that ensure projects deliver outstanding results are increasingly embracing open book contract management. Open book processes involve sharing cost information within each organisation, and across organisations in the supply chain. They also encourage more robust contract management through lean processes and risk management. It helps establish the actual cost of a project, as well as a basis for performance improvement incentives. 

The course focuses on the use of open book accounting techniques when operating cost reimbursable construction contracts such as the NEC3 options C, D and E, the JCT Constructing Excellence contract, the IChemE Green and Burgundy Books and the Public Sector Partnering Contract.  By using your existing knowledge of relevant contractual processes as a basis, you will develop an understanding and a strategy for implementing effective open book contract management systems and processes leading to improved efficiencies in the supply chain.

Learning Outcomes

  • Define dynamic and innovative ways of operating that will support delivery of value for money, such as:
    • Payment and valuation of actual cost
    • Managing change (compensation events)
    • Problem resolution
  • Demonstrate skills required to develop and manage sustainable improvements
  • Identify opportunities for cost efficiencies and improved value for money
  • Identify clear, mutual benefits and aligned values resulting in improved services
  • Evaluate risks and ensure they are clearly allocated and managed, including early warnings.

Why attend this course?

This course will benefit all client and contract partner staff who wish to develop and improve their practical understanding of the Open Book tools and techniques which support collaborative working in the supply chain.

The course gives delegates the chance to appreciate how the learning may apply directly in their workplace. This structure will also provide the delegates with the opportunity to share experiences and ask further work-related questions.

Who should attend?

  • Quantity Surveyors and Commercial Managers
  • Asset Managers
  • Anyone involved in cost reimbursable and target contracts



  • RICS professionals £310 + VAT
  • Non-RICS professionals £399 + VAT
  • Visa

  • Mastercard

Have training delivered In-House

Call +44(0)24 7686 8584

Find out more about getting this course delivered in-house for your team, tailored to your business requirements and at a location to suit you.

Contact the In-House team

More locations available

If this course isn't running near you, register your interest and we will keep you updated next time it's occuring in your local area. When it's available, we'll email you with the course date, time and venue.

Register your interest

Course structure

Driven by an open book contract expert to help you develop an understanding and a strategy for implementing effective open book contract management systems and processes, the session is designed to provide practical training that will allow you to relate the content to your personal situations. 

Below are just some of the topics covered:

  • Developing and agreeing objective
  • Defining contract arrangements and targets
  • Establishing a procurement strategy
  • Developing a definition of actual cost
  • Establishing financial partner selection criteria
  • Agreeing contract terms & finalising a definition for actual cost
  • Developing risk allowances & design development allowances
  • Agreeing the cost management and reporting processes
  • Managing changes and variations
  • Supply chain management
  • Effective use of frameworks and long-term contracts
  • Agreeing an audit strategy
  • Problem solving
  • Review process
  • Key performance indicators

Meet the presenter

Your presenter is an experienced Chartered Surveyor, having worked in both professional practice and for contracting organisations. During this time he has been responsible for the commercial management of major infrastructure projects and provided advice and practical support/guidance to many public and private sector organisations in the design, development and implementation of open book systems that work effectively as required by NEC3 EEC Options C and D.

Recent examples of his NEC3 projects include:

  • Rugby Western Relief Road (£48m)
  • Warwickshire County Council Roads Maintenance (£280m)
  • Cambridgeshire County Council Guided Busway (£180m)
  • University of Bristol (Various projects ranging from £250k to £4.5m)

He is also the author of ‘Open Book Accounting – How to Deliver and Demonstrate Value for Money in the Public Sector’.

£310 + VAT
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