Contract Management

duration: 3 days
format: Virtual course
level: Foundation
accreditation: CPD

$1,799.00

The Contract management course focuses on the administration of contracts between organisations and their collaborators. Contract management is essential due to the potential benefits of exchanging comprehensive contacts, including the reduction of financial risks and the development of relationships. Additionally, it enables business objectives to be accomplished more visibly, and covers the entire contract period, from before initiation right through to the very end, to ensure that all parties fulfil their obligations.

Therefore, this two-day course teaches delegates fundamental skills relating to contract law, management contracting, and contract procurement. Delegates will acquire knowledge of how to manoeuvre through the confusing legal language that often undermines contract processing, and will learn how to govern procurement contracts to minimise risk and maximise value accordingly.

The course is designed for:

  • Managers responsible for supporting contract management staff (operations and procurement)
  • Supplier personnel responsible for managing contract delivery with their customers
  • Procurement personnel requiring a detailed insight to contract performance management

Course objectives

  • Understand their role and the role of others in managing supplier contracts
  • Structure their approach to managing contracts with suppliers
  • Manage and facilitate improved contract performance through sound procedures and motivation of supplier personnel
  • Manage supplier performance making effective use of review meetings and other approaches
  • Make a professional impact in their relationships with suppliers and other stakeholders
  • Input to and utilise the written contract in their management of contracts
  • Deliver tangible improvements and benefits from their supply contracts

Day 1

Role and Value of Procurement Contracts

  • Definitions
  • Relationships
  • Importance

Creation of a Procurement Contract

  • Agreement
  • Consideration
  • Intent

People and Authority

  • Principals
  • Agents
  • Third parties
  • Privacy

Legal Concepts of Procurement Contracts

  • Framework
  • Key components

 

Day 2

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

 

Day 3

Solicitation

  • Planning
  • Source selection
  • Administration
  • Documentation
  • Closure

Relationships and Disputes

  • Contract negotiations
  • Performance assessment
  • Managing relationships before, during and after the contract’s life span
  • Renewing contracts

Amending Contracts

  • Management of change

Conducting Audits

  • Requesting financial documents
  • Audit plan
  • Scheduling an open meeting
  • Conducting onsite fieldwork
  • Drafting a report
  • Closing meeting

Contract Management Systems

 

 

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