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Course Description

Two people reading and signing contractsUtilize 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 dissolution and explore the considerations and key supplier/vendor activities at each stage. You will also examine the essential components and formal requirements of a valid contract, and how to accurately interpret terms and clauses.

The course will provide you with strategies and tools for performance management, alternative dispute resolution, and the mitigation and management of contractual risks.

Learning Outcomes

Upon successful completion of this course, you will be able to:

  • Identify the essential components and formal requirements of a valid contract
  • Interpret written contract terms and important clauses
  • Identify risks that may exist within a contract and strategies available to mitigate when risks occur or are anticipated—such as non-compliance, contract breach, protest, sureties, SLA’s, termination, etc.
  • Understand the key activities of supplier/vendor relationship management over the life cycle of a contract— including non-compliance, non-performance, performance/compliance evaluation and supplier/owner responsibility
  • Demonstrate an understanding of alternative dispute resolution and the strategies to seek resolution for contractor non-compliance  

Course Topics

  • Pre-Contract Phase
  • Writing a Contract
  • Contract Executions
  • Managing the Contract
  • Contract Revisions
  • Contract Audits
  • Contract Renewals
  • Continuous Improvement

Assessment

Assessment Item Weight
Participation 10%
Assignments 50%
Final Examination 40%
Total 100%

Please note that the course assessment is subject to change.

Sponsoring Partner

Note:

Supply Chain Management Association Ontario (SCMAO) Exemptions

Those successfully completing this course will receive a SCMAO exemption for the following SCMP program component:

  • Interactive Workshop 4: Competitive Bidding, Contract Preparation and Contract Management

Applies Towards the Following Certificates

*Course details are subject to change.

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