7DEC
7 - 11 Dec 2026Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
Professional training course · CON-022
Liquidated Damages, Penalties and Performance Securities
Contracts often include pre-agreed damages for delay or underperformance, together with bonds, guarantees, retentions and other securities that protect one party if the…
- 5 daysClassroom
- 49Upcoming dates
- 12Cities
- £2,250Fees from
Course overview
Introduction
Contracts often include pre-agreed damages for delay or underperformance, together with bonds, guarantees, retentions and other securities that protect one party if the other fails to perform. These provisions are commercially powerful, but they are also frequently misunderstood, poorly drafted or applied incorrectly, leading to disputes and unenforceable claims.
This Liquidated Damages, Penalties and Performance Securities training course explains how these remedies and protections work in practice. Participants learn the difference between liquidated damages and penalties, how to calculate and justify damages rates, the effect of extensions of time and caps, and how performance bonds, advance payment guarantees, parent company guarantees, retentions and letters of credit operate.
The course also covers making and resisting calls on securities and the practical management of these instruments over the contract life.
Course Objectives
By the end of this training course, participants will be able to:
- Explain the purpose of liquidated damages and performance securities
- Distinguish enforceable liquidated damages from penalties
- Calculate and justify appropriate damages rates
- Apply damages correctly when delays and extensions of time arise
- Understand caps, exclusions and sole remedy clauses
- Compare types of bonds, guarantees and other securities
- Manage the issue, renewal and release of securities
- Make and respond to calls on securities properly
Target Audience
This training course is suitable for a wide range of professionals, including:
- Contract and commercial managers
- Procurement professionals
- Project managers and project directors
- Treasury and finance professionals
- Legal advisers
- Quantity surveyors and claims professionals
Training Methodology
The course combines explanation of principles with practical exercises using sample clauses, bonds and guarantees. Participants calculate damages rates, analyse delay scenarios, compare security instruments and practise drafting and responding to a call on a bond. Case studies illustrate common disputes and their outcomes.
Target Competencies
- Damages clause understanding
- Damages rate calculation
- Delay and damages application
- Security instrument selection
- Security administration
- Security call handling
Course outline
-
1Day One: Remedies for Non-Performance
- General damages compared with pre-agreed damages
- Purpose and benefits of liquidated damages clauses
- The rule against penalties and recent legal developments
- Legitimate interest and genuine pre-estimate tests
- Differences between common law and civil law approaches
- Lessons from disputes over damages clauses
- Exercise: assessing the enforceability of sample clauses
-
2Day Two: Calculating and Applying Liquidated Damages
- Identifying losses that damages should reflect
- Calculating daily or weekly damages rates
- Sectional completion and milestone damages
- Effect of extensions of time on damages
- Prevention principle and time at large
- Caps, exclusions and sole remedy provisions
- Workshop: calculating and applying damages in scenarios
-
3Day Three: Performance Damages and Other Remedies
- Performance liquidated damages for output shortfalls
- Service credits and their relationship to damages
- Termination rights for persistent failure
- Set-off and withholding from payments
- Limitation of liability and its interaction with damages
- Negotiating damages provisions effectively
- Exercise: negotiating a damages regime
-
4Day Four: Bonds, Guarantees and Securities
- On-demand and conditional bonds compared
- Performance bonds and advance payment guarantees
- Parent company guarantees and their enforceability
- Retention money and retention bonds
- Letters of credit and standby letters of credit
- Choosing the right security for the risk
- Workshop: comparing security instruments
-
5Day Five: Managing and Calling Securities
- Wording and issue of bonds and guarantees
- Tracking expiry, renewal and reduction of securities
- Making a valid call on a bond
- Resisting unfair calls and fraud exceptions
- Releasing securities at completion
- Practical administration and control systems
- Personal action plan for damages and securities
Schedule
Dates and fees
49 upcoming dates in 12 cities. Fees are per delegate; bring colleagues and every seat is discounted.
December 2026
FrankfurtGermany · Classroom
14DEC
14 - 18 Dec 2026Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
21DEC
21 - 25 Dec 2026Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
January 2027
4JAN
4 - 8 Jan 2027Mon to Fri · 5 days
Kuala LumpurMalaysia · Classroom
£2,250per delegate2+ people: £1,800 each
11JAN
11 - 15 Jan 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
18JAN
18 - 22 Jan 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
25JAN
25 - 29 Jan 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
February 2027
1FEB
1 - 5 Feb 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
8FEB
8 - 12 Feb 2027Mon to Fri · 5 days
MadridSpain · Classroom
£4,250per delegate2+ people: £3,400 each
15FEB
15 - 19 Feb 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
22FEB
22 - 26 Feb 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
March 2027
1MAR
1 - 5 Mar 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
8MAR
8 - 12 Mar 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
15MAR
15 - 19 Mar 2027Mon to Fri · 5 days
MunichGermany · Classroom
£4,250per delegate2+ people: £3,400 each
22MAR
22 - 26 Mar 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
April 2027
5APR
5 - 9 Apr 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
12APR
12 - 16 Apr 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
19APR
19 - 23 Apr 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
26APR
26 - 30 Apr 2027Mon to Fri · 5 days
ParisFrance · Classroom
£4,500per delegate2+ people: £3,600 each
May 2027
3MAY
3 - 7 May 2027Mon to Fri · 5 days
RomeItaly · Classroom
£4,250per delegate2+ people: £3,400 each
10MAY
10 - 14 May 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
17MAY
17 - 21 May 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
24MAY
24 - 28 May 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
June 2027
7JUN
7 - 11 Jun 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
14JUN
14 - 18 Jun 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
21JUN
21 - 25 Jun 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
July 2027
5JUL
5 - 9 Jul 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
12JUL
12 - 16 Jul 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
19JUL
19 - 23 Jul 2027Mon to Fri · 5 days
AmsterdamNetherlands · Classroom
£4,250per delegate2+ people: £3,400 each
26JUL
26 - 30 Jul 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
August 2027
2AUG
2 - 6 Aug 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
9AUG
9 - 13 Aug 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
16AUG
16 - 20 Aug 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
23AUG
23 - 27 Aug 2027Mon to Fri · 5 days
Cape TownSouth Africa · Classroom
£2,840per delegate2+ people: £2,272 each
September 2027
6SEP
6 - 10 Sep 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
13SEP
13 - 17 Sep 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
20SEP
20 - 24 Sep 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
October 2027
4OCT
4 - 8 Oct 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
11OCT
11 - 15 Oct 2027Mon to Fri · 5 days
GenevaSwitzerland · Classroom
£5,250per delegate2+ people: £4,200 each
18OCT
18 - 22 Oct 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
25OCT
25 - 29 Oct 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
November 2027
1NOV
1 - 5 Nov 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
8NOV
8 - 12 Nov 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
15NOV
15 - 19 Nov 2027Mon to Fri · 5 days
IstanbulTurkey · Classroom
£2,850per delegate2+ people: £2,280 each
22NOV
22 - 26 Nov 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
December 2027
6DEC
6 - 10 Dec 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
13DEC
13 - 17 Dec 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
20DEC
20 - 24 Dec 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
27DEC
27 - 31 Dec 2027Mon to Fri · 5 days
Kuala LumpurMalaysia · Classroom
£2,250per delegate2+ people: £1,800 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 Liquidated Damages, Penalties and Performance Securities course?
The course runs over 5 days of classroom training, usually Monday to Friday.
When is the next Liquidated Damages, Penalties and Performance Securities course?
The next public date is 7 - 11 Dec 2026 in Frankfurt. There are 49 upcoming dates in total.
Where is this course held?
Upcoming sessions run in Frankfurt, London, Barcelona, Kuala Lumpur, Madrid, Munich, Paris, Rome, Amsterdam, Cape Town, Geneva, Istanbul.
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