Utilize the strategies, tools and techniques that streamline the complexities of the contract management process, while learning how to minimize risk and maximize the results.
Delve into the various stages of contract management—from development to final close-out—and explore the considerations and key supplier/vendor activities at each stage and examine the essential components and formal requirements of a valid contract, and how to accurately interpret terms and clauses.
Gain the strategies and tools for performance management, alternative dispute resolution, and the mitigation and management of contractual risks.
Upon successful completion of this course, you will be able to:
- Explain the role of, and plan for, the Discovery/Pre-Contract phase of contract management
- Develop, and explain the importance of, a contract management strategy
- Describe the main functional areas of contracts
- Differentiate between a Request for Proposal (RFP) and a Negotiated RFP
- Identify and describe the important requirements for a negotiation
- Identify and describe the types of data that a negotiation needs
- Define a Statement of Work and the specific activities
- Explain the Broader Public-Sector Directives
- Discovery / Pre-Contract Phase
- Contract Types, Elements, Terms and Conditions
- Contract Management and Administration
- Contract Modifications and Renewals
- Contract Close-Out
Job Market Overview
|Individual Assignment: Entity Procurement
|Individual Assignment: Contract Clause Analysis
|Group Assignment: Contract Administration and PAP Development
Please note that the course assessment is subject to change.
Applies Towards the Following Certificates
- Certificate in Supply Chain Management for Public Procurement : Required Courses
*Course details are subject to change.