Training on Contract Management
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
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
