7DEC
7 - 11 Dec 2026Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
Professional training course · CON-024
Contract Close-Out and Final Account Settlement
The end of a contract is often where significant value is won or lost. Unresolved variations, outstanding claims, retention releases, defects, missing documentation and…
- 5 daysClassroom
- 49Upcoming dates
- 12Cities
- £2,250Fees from
Course overview
Introduction
The end of a contract is often where significant value is won or lost. Unresolved variations, outstanding claims, retention releases, defects, missing documentation and final payments can remain open for months or years, tying up cash and management time and sometimes ending in disputes long after the work has finished.
This Contract Close-Out and Final Account Settlement training course provides a structured approach to closing contracts efficiently and fairly. Participants learn how to plan close-out from the start of the contract, manage completion and acceptance, resolve outstanding variations and claims, prepare and agree final accounts, release securities, manage defects and warranties, and capture lessons learned.
The course is relevant to construction, engineering, services and supply contracts, and to both buyers and suppliers.
Course Objectives
By the end of this training course, participants will be able to:
- Explain the importance of structured contract close-out
- Plan close-out activities from contract award onwards
- Manage completion, acceptance and handover processes
- Resolve outstanding variations, claims and disputes
- Prepare, negotiate and agree final accounts
- Manage retentions, securities and final payments
- Handle defects liability and warranty obligations
- Capture lessons learned and archive contract records
Target Audience
This training course is suitable for a wide range of professionals, including:
- Contract and commercial managers
- Quantity surveyors and cost managers
- Project managers
- Procurement professionals
- Finance and accounts staff
- Supplier and contractor commercial teams
Training Methodology
The course uses a case study contract approaching completion, with outstanding variations, claims and defects. Participants prepare a close-out plan, reconcile a final account, negotiate settlement of outstanding items and complete close-out documentation, comparing buyer and supplier perspectives.
Target Competencies
- Close-out planning
- Completion management
- Final account preparation
- Settlement negotiation
- Security release management
- Lessons learned capture
Course outline
-
1Day One: The Importance of Contract Close-Out
- Why contracts often remain open after work ends
- Financial, legal and relationship risks at close-out
- Close-out obligations in common contract forms
- Planning close-out from contract award
- Roles of project, commercial and finance teams
- Indicators of close-out readiness
- Exercise: assessing close-out risks for a case study
-
2Day Two: Completion, Acceptance and Handover
- Completion criteria and certificates
- Testing, inspection and acceptance procedures
- Snagging lists and outstanding works
- Handover documentation and as-built information
- Partial possession and sectional completion
- Taking over obligations and risk transfer
- Workshop: preparing a completion checklist
-
3Day Three: Resolving Variations and Claims
- Identifying all outstanding variations and claims
- Prioritising issues by value and complexity
- Assessing entitlement and quantum at close-out
- Negotiation strategies for global settlements
- Using without prejudice discussions effectively
- Escalation and dispute resolution options
- Simulation: negotiating outstanding claims
-
4Day Four: Final Accounts and Payments
- Structure and contents of a final account
- Reconciling contract sum, variations and adjustments
- Contra charges, set-off and deductions
- Final payment certificates and their effect
- Release of retentions and securities
- Settlement agreements and full and final wording
- Exercise: reconciling a final account
-
5Day Five: Defects, Warranties and Lessons Learned
- Defects liability periods and rectification obligations
- Warranties, guarantees and latent defects
- Final certificates and the end of obligations
- Archiving contract records and documents
- Conducting a lessons learned review
- Supplier performance evaluation at contract end
- Personal action plan for contract close-out
Schedule
Dates and fees
49 upcoming dates in 12 cities. Fees are per delegate; bring colleagues and every seat is discounted.
December 2026
LondonUnited Kingdom · Classroom
14DEC
14 - 18 Dec 2026Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
21DEC
21 - 25 Dec 2026Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
January 2027
4JAN
4 - 8 Jan 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
11JAN
11 - 15 Jan 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
18JAN
18 - 22 Jan 2027Mon to Fri · 5 days
MunichGermany · Classroom
£4,250per delegate2+ people: £3,400 each
25JAN
25 - 29 Jan 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
February 2027
1FEB
1 - 5 Feb 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
8FEB
8 - 12 Feb 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
15FEB
15 - 19 Feb 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
22FEB
22 - 26 Feb 2027Mon to Fri · 5 days
ParisFrance · Classroom
£4,500per delegate2+ people: £3,600 each
March 2027
1MAR
1 - 5 Mar 2027Mon to Fri · 5 days
RomeItaly · Classroom
£4,250per delegate2+ people: £3,400 each
8MAR
8 - 12 Mar 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
15MAR
15 - 19 Mar 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
22MAR
22 - 26 Mar 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
April 2027
5APR
5 - 9 Apr 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
12APR
12 - 16 Apr 2027Mon to Fri · 5 days
ViennaAustria · Classroom
£4,250per delegate2+ people: £3,400 each
19APR
19 - 23 Apr 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
26APR
26 - 30 Apr 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
May 2027
3MAY
3 - 7 May 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
10MAY
10 - 14 May 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
17MAY
17 - 21 May 2027Mon to Fri · 5 days
AmsterdamNetherlands · Classroom
£4,250per delegate2+ people: £3,400 each
24MAY
24 - 28 May 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
June 2027
7JUN
7 - 11 Jun 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
14JUN
14 - 18 Jun 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
21JUN
21 - 25 Jun 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
July 2027
5JUL
5 - 9 Jul 2027Mon to Fri · 5 days
DubaiUnited Arab Emirates · Classroom
£5,250per delegate2+ people: £4,200 each
12JUL
12 - 16 Jul 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
19JUL
19 - 23 Jul 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
26JUL
26 - 30 Jul 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
August 2027
2AUG
2 - 6 Aug 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
9AUG
9 - 13 Aug 2027Mon to Fri · 5 days
GenevaSwitzerland · Classroom
£5,250per delegate2+ people: £4,200 each
16AUG
16 - 20 Aug 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
23AUG
23 - 27 Aug 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
September 2027
6SEP
6 - 10 Sep 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
13SEP
13 - 17 Sep 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
20SEP
20 - 24 Sep 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
October 2027
4OCT
4 - 8 Oct 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
11OCT
11 - 15 Oct 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
18OCT
18 - 22 Oct 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
25OCT
25 - 29 Oct 2027Mon to Fri · 5 days
Kuala LumpurMalaysia · Classroom
£2,250per delegate2+ people: £1,800 each
November 2027
1NOV
1 - 5 Nov 2027Mon to Fri · 5 days
MadridSpain · Classroom
£4,250per delegate2+ people: £3,400 each
8NOV
8 - 12 Nov 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
15NOV
15 - 19 Nov 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
22NOV
22 - 26 Nov 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
December 2027
6DEC
6 - 10 Dec 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
13DEC
13 - 17 Dec 2027Mon to Fri · 5 days
MunichGermany · Classroom
£4,250per delegate2+ people: £3,400 each
20DEC
20 - 24 Dec 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
27DEC
27 - 31 Dec 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
No dates in this city right now. Request a quotation and we will suggest the nearest date.
Questions
Frequently asked questions
How long is the Contract Close-Out and Final Account Settlement course?
The course runs over 5 days of classroom training, usually Monday to Friday.
When is the next Contract Close-Out and Final Account Settlement course?
The next public date is 7 - 11 Dec 2026 in London. There are 49 upcoming dates in total.
Where is this course held?
Upcoming sessions run in London, Barcelona, Frankfurt, Munich, Paris, Rome, Vienna, Amsterdam, Dubai, Geneva, Kuala Lumpur, Madrid.
How much does the course cost?
Fees start from £2,250 per delegate, depending on the city. Fees include tuition and course materials.
Do participants receive a certificate?
Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.
Can this course be delivered in-house for our team?
Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.
Course information last updated 14 November 2026.
Related
More Contracts Management courses
Certificate in Business and Commercial Law (CBCL)
Next: 16 - 20 Nov 2026 · Barcelona
Barcelona, Dubai, Cape Town +11 more
Claims Defence and Rebuttal for Employers
Next: 7 - 11 Dec 2026 · Barcelona
Barcelona, Frankfurt, London +9 more
Commercial Contract Risk Management
Next: 21 - 25 Dec 2026 · Munich
Munich, Frankfurt, Barcelona +4 more