A major portion of every organization’s operating cost is spent on outside goods and services.  Based on this fact, executive management everywhere is determining that Procurement and Contracts must emerge as a core competency of all those involved in the acquisition of equipment, materials, and services if organizations are to lower operating cost and improve productivity. 

The 3 Phases of Contract Management training course is designed to explore many of the best practices in the three major phases of the contract life cycle:  Pre-Contract, Contract Execution, and Post Award. 

Included in the vast number of topics that brings increased professionalism and high standards to these important activities are:

• Elements of a good procurement and competitive bidding process
• The strategic role of procurement and contracts
• Types of contracts & contract strategies
• Developing tender evaluation criteria
• Contract terms and conditions
• Evaluating pricing
• Negotiation preparation

TRAINING OBJECTIVES

• Learn how to set and maintain high standards in procurement
• Be given the elements of good procurement process
• Develop methods of applying Total Cost of Ownership
• Learn methods of tender evaluation
• Review contract strategies
• See examples of important contract clauses
• Explore issue of successful contract administration
• Understand remedies in case of breach of contract and standard approaches to claims and dispute resolution