Training on Contract Management
About the Course
Contract management is the administration of all of the activities around creating, detailing, awarding, and administering a contract. It is also about successfully managing the relationship between two people or organizations that are exchanging a product or service. This contract management training is aimed at building the learner’s knowledge and skills of the contracting management processes, principles and practices to meet their organization/project objectives.
What you will learn
By the end of this course the learners should be able to:
- Understand the contract management process
- Select the right contract type for their project/organization
- Decipher contract legal language
- Formulate quality and legally abiding contracts
- Choose the offer that will result in the best value for the buyer
- Negotiate favorable contract terms
- Effectively administer contracts
Course Duration
Online 7 Days
Classroom-based 5 Days
Course Outline
Introduction to Contract Management
- Key concepts in contract management
- Understanding contract management process
- Types of contract
Concepts and Principles of Contract Law
- Mandatory elements of a legally enforceable contract
- Terms and conditions
- Remedies
- Interpreting contract provisions
Planning
- Preparing the business case
- Developing contract strategy
- Risk assessment
- Developing a contract management plan
Contract Solicitation
- Market research
- Drafting specifications and requirements
- Establishing the form of contract
- Establishing the pre-qualification, qualification & tendering procedures
Contract Evaluation
- Evaluation criteria and method
- Appraising suppliers
- Evaluating offers
Contract Award
- Negotiation
- Contract preparation
- Contract issuance and signing
- Debriefing of unsuccessful suppliers
Elements of a Contract
- Legal elements of a contract
- Basic structure of a contract
- Terms and conditions of a contract
- Contractual instruments
Contract Administration
- Contract performance monitoring and control
- Change management
- Dispute management and resolution
- Financial management
- Contract close out
Training Approach
This contract management training is delivered by our seasoned trainers who have vast experience as expert professionals in contract management. The course is taught through a mix of practical activities, theory, group works and case studies.
Training manuals and additional reference materials are provided to the participants.
Certification
Upon successful completion of this contract management training course, participants will be issued with a certificate.
Tailor-Made Course
We can also do this as a tailor-made course to meet organization-wide needs. A training needs assessment will be done on the training participants to collect data on the existing skills, knowledge gaps, training expectations, and tailor-made needs.