Negotiating Contracts for Maximum Value and Minimum Risk

On Demand Webinar

Webinar Details $219

  • Webinar Length: 100 Minutes
  • Guest Speaker:   Jim Bergman
  • Topic:   Purchasing
  • Credit:   ISM 1.5, ATAPU 1.5, ATATX 1.5
All Access Membership

This session focuses upon the commercial relationship negotiation interface.  You will learn how to become an effective negotiator in the context of a commercial contracting – you will realize that negotiation is not merely an event, but rather an inter-related phase in a larger process.  When should you negotiate?  How can you best prepare for negotiations with commercial partners?  Why are internal negotiations with stakeholders sometimes tougher than negotiating with external commercial partners?  These are just some of the questions we will address in this session.

Your Benefits of Attending:

  • Understand the impact of power curves in negotiations and why that is so important.
  • Realize the importance and impact of negotiating before and after partner selection.
  • Develop effective negotiation strategies for your commercial contracts.
  • Assign effective roles to negotiation team members.
  • Learn effective negotiation tips and techniques.
  • Acquire hands on negotiation experience in a commercial contract.
  • Create negotiation strategies that enable greater value and risk positions.
  • Identify negotiation tools that are needed for negotiation success.

Join Jim Bergman and take your negotiation strategies to the next level.

  1. Introduction 00:01:28
  2. Key Benefits 00:02:27
  3. Topics 00:02:56
  4. What is Negotiation? 00:05:45
  5. Allocating Risk 00:07:20
  6. The Results V. Resources Decision 00:08:27
  7. Clock Diagram 00:14:57
  8. A Key Consideration 00:17:37
  9. Defining Viable/Effective Negotiation Tactics 00:25:50
  10. Does The Tactic Align With Broader Policies? 00:27:47
  11. The Golden Rule 00:30:02
  12. Document, Plan and Ratify Tactics 00:32:27
  13. Developing a Robust Negotiation Strategy Document 00:38:51
  14. Define The Strategic Intent/Outcome 00:40:34
  15. Determine The Appropriate Tactics/Counter-Tactics 00:41:41
  16. Resolve Positional/Principle Interest-Based Negotiation 00:42:16
  17. Pursuing a Positional Negotiation Approach 00:48:03
  18. Do We Have The Advantage or Disadvantage? 00:49:31
  19. Determine The Appropriate Tactics 00:57:40
  20. Develop Max/Target/Min Positions and Fallbacks 00:58:21
  21. Creating a Principle-Based Negotiation Strategy 01:01:08
  22. Win/Win 01:01:50
  23. Social Norms 01:03:42
  24. Tactics Include 01:09:33
  25. Establishing a Re-Negotiation Policy 01:11:15
  26. What Are We Re-Negotiating? 01:23:45
  27. Is Re-Negotiation In The Other Party’s Interest? 01:24:13
  28. Consider Short-Term and Long-Term Impact 01:24:34
  29. Mastering The Challenges of Internal Negotiations 01:25:33
  30. Asses Individual Objectives 01:28:50
  31. Align Conflicting Objectives 01:29:42
  32. Communication and Change Management Skills Are Vital 01:29:59
  33. Populating The Negotiation Tool Box 01:31:28
  34. Prioritized Wants 01:31:35
  35. RACI Chart For One’s Team/Stakeholders 01:32:48
  36. Financial Equivalent Concession Tracker 01:33:24
  37. Calculating Financial Equivalents 01:34:13
  38. What Is The Concession Worth To Me? 01:34:16
  39. What Is The Concession Worth To The Other Party 01:34:28
  40. Is There An Exchange of Value? 01:35:08
  41. Contracting Practitioners Must - Treat Negotiation  01:35:58
  42. Contracting Practitioners Must - Ensure Preparation 01:36:32
  43. Contracting Practitioners Must - Acquire a Portfolio 01:36:52
  44. How Does This Apply To Your Scenarios? 01:37:42
  45. Key Benefits - Understand Power Curves 01:37:48
  46. Key Benefits - Negotiating Before/After Partner Selection 01:38:18
  47. Key Benefits - Develop Effective Negotiation 01:38:20
  48. Key Benefits - Assign Effective Roles 01:39:14
  49. Key Benefits - Learn Effective Negotiation 01:39:35
  50. Key Benefits - Acquire Hands On Negotiation Experience 01:39:46
  51. Key Benefits - Create Negotiation Strategies 01:40:10
  52. Key Benefits - Identify Negotiation Tools 01:40:30
  53. Questions 01:40:33
  54. For Resources 01:42:21
  55. Thank You 01:42:23
  56. Presentation Closing 01:43:47


  • Concession 01:01:45, 01:33:31
  • Contract 00:01:48, 00:01:59, 00:02:01
  • Key Performance Indicators (KPI) 00:07:35
  • Negotiation 00:01:37, 00:01:42, 00:03:10, 00:03:30 
  • Procurement 00:23:31, 00:23:38
  • Risk Allocation 00:07:13, 00:07:23
  • Scopes Of Work (SOWs) 00:07:32
  • Service Level Agreement (SLA) 00:07:34
  • Stakeholders 00:05:05, 00:05:16
  • Supplier 00:01:51, 00:02:13, 00:10:01

Concession: Is a grant of rights, land, or property by a government, local authority, corporation, individual, or other legal entity.

Contract: A written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law.

Key Performance Indicator (KPI) : A Key Performance Indicator is a measurable value that demonstrates how effectively a company is achieving key business objectives. Organizations use KPIs at multiple levels to evaluate their success at reaching targets.

Negotiation: The trading deliberations which generally lead to the lowering of prices by the vendors.

Procurement: Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement is used to ensure the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared.

Risk Allocation: Risk allocation is the process of identifying risk and determining how and to what extent they should be shared. Most owners understand that risk is an inherent part of the construction process and cannot be eliminated.

Scope of Work (SOW): The Scope of Work (SOW) is the area in an agreement where the work to be performed is described. The SOW should contain any milestones, reports, deliverables, and end products that are expected to be provided by the performing party. The SOW should also contain a time line for all deliverables.

Service Level Agreements (SLA): A service level agreement (SLA) is a formal document that defines a working relationship between parties to a service contract.

Stakeholders: A stakeholder is a party that has an interest in a company and can either affect or be affected by the business. The primary stakeholders in a typical corporation are its investors, employees, customers and suppliers.

Supplier: A supplier is an entity that supplies goods and services to another organization. A supplier is usually a manufacturer or a distributor. A distributor buys goods from multiple manufacturers and sells them to its customers. Similar Terms. A supplier is also known as a vendor.


Guest Speaker

  • Jim Bergman

Webinar Survey Overall Rating

This webinar received a total of 5 survey responses. Attendees have given an average rating of 4.4 stars out of a possible 5, reflecting the quality and value of the content presented.

Average rating

4.4 / 5
Webinar Presentation
How many of the objectives of the event were met?
4.6 Stars
How useful was the information presented at this event?
4.0 Stars
Overall, how satisfied were you with this event?
4.2 Stars
Speaker Performance
Overall, how satisfied were you with this presenter?
4.4 Stars
How closely did the presenter follow the schedule?
4.6 Stars

Reviews From Webinar Survey

Our webinars are crafted to deliver exceptional value and insight to business professionals. To ensure we meet and exceed your expectations, we conduct thorough post live webinar surveys. Below, you'll find genuine feedback from attendees, sharing their thoughts on the event and the speaker's performance. These reviews highlight our commitment to continuous improvement and excellence in providing top-tier educational experiences.

Jackie J.
August 16, 2021
4.0 / 5
Webinar Rating:
4.0 Stars
Speaker Rating:
4.0 Stars
Do you have any other comments, questions or concerns?
It would have be nice to have documented examples of certain scenarios rather than just having the audio. The documents would serve as reference material at later dates.

Raquel A.
August 16, 2021
5.0 / 5
Webinar Rating:
5.0 Stars
Speaker Rating:
5.0 Stars
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excellent!

Diane H.
August 16, 2021
3.8 / 5
Webinar Rating:
3.3 Stars
Speaker Rating:
4.5 Stars
Do you have any other comments, questions or concerns?
no comment

Michelle T.
August 16, 2021
4.6 / 5
Webinar Rating:
4.7 Stars
Speaker Rating:
4.5 Stars
Do you have any other comments, questions or concerns?
Very well versed presenter. He was easy to follow and made great sense. Helpful!

Rachel V.
August 16, 2021
4.4 / 5
Webinar Rating:
4.3 Stars
Speaker Rating:
4.5 Stars
Do you have any other comments, questions or concerns?
Very easy listening presentation.

ISM Credit

Institute of Supply Management

This program may be used for Continuing Education Hours (CEH) toward recertification for programs offered by the Institute for Supply Management®, including the Certified Professional in Supply Management® and Certified Professional in Supplier Diversity®.

ATAPU Credit

Aurora Training Advantage is offering continuing education points designed to recognize dedication to training and excellence in purchasing.

ATATX Credit

Aurora Training Advantage is offering continuing education points designed to recognize dedication to training and excellence in accounting.