Contract management is the administration of all 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 course 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 contracts

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, and 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 course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. 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 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.

Course Booking

Please use the “book now” or “inquire” buttons on this page to either book your space or make further enquiries.