Contract Management 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 development of relationships. Additionally, Contract Management 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.
This Contract Management training 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.
Contract Management training will cover the following areas:
Role and Value of Procurement Contracts:
Creation of a Procurement Contract:
People and Authority:
- Third parties
Legal Concepts of Procurement Contracts:
- Key components
Procurement Contract Construction:
- Essential clauses
- Exemption Clauses
Managing the Procurement Contract:
- Discharging a contract
The Procurement Contract in Context:
- Tendering process
- Costing models
- Supply chains
- Intellectual property rights
- Source selection
Who is this course for?
This training course is designed for anyone interested in the management of procurement contracts, and those who are keen to learn the skills required to address contract processing correctly. Contract Management training will also help build better relationships with partners, so this course is also for anyone who wants to know how to achieve such connections. This course would be particularly useful for anyone who encounters contracts within their day-to-day job, whether this is in the private or public sector.
There are no formal prerequisites for Contract Management training.
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