Contract Management Training

Contract Management Training teaches candidates the necessary skills to control contracts effectively and successfully. A wide range of skills and knowledge relating to contract management are learnt and can be widely applied. 

Contracts are of profound importance in establishing and maintaining positive relationships between companies and organisations so that business goals are accomplished. Candidates will learn the tricky process of interpreting contract language to ensure all risks are minimised and how to get the best out of the contracted partnership. 

Contract management begins from the beginning of contract writing and continues to oversee the contract, ensuring both parties are fulfilling their promises and sticking to the conditions.

What Are The Objectives Of Contract Management Training?

• By the end of the course, you will learn to:
• Understand legal terminology
• Reduce risk in contract delivery
• Maximise value from procurement
• Understand the role of contracting in projects
• Understand the role of contracts in procurement

Outline:

• Role and Value of Procurement Contracts:
• Definitions
• Relationships
• Importance
• Creation of a Procurement Contract:
• Agreement
• Consideration
• Intent
• People and Authority:
• Principals
• Agents
• 3rd Parties
• Privacy
• Legal Concepts of Procurement Contracts:
• Framework
• Key Components
• Procurement Contract Construction:
• Essential Clauses
• Misrepresentation
• Breach
• Damages
• Exemption clauses
• Managing the Procurement Contract:
• Vitiation
• Mistakes
• Misrepresentation
• Discharging a contract
• The Procurement Contract in Context:
• Strategy
• Processes
• Options
• Tendering Process
• Evaluation
• Procurement strategy:
• Principles
• Risk
• Costing Models
• Supply Chains
• Intellectual Property Rights
• Solicitation:
• Planning
• Source selection
• Administration
• Documentation
• Closure