Training on Contract Management
About the Course
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 Outline
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
Training Approach
This contract management training is delivered by our seasoned trainers who have vast
experience as expert professionals in contract management. 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.
