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Contract Management Course

By: Tom Associates Training  

Lagos State, Nigeria

09 - 12 Apr, 2019  4 days

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NGN 150,000

Organisations need effective contract management practices to avoid risk and achieve optimal outcomes. This course provides the knowledge and skills to successfully manage and execute the contracting process.

  • Competencies the Course Delivers
  • Ability to apply effective contracting strategies to maximise results and minimise risk
  • Ability to manage a contract life cycle properly
  • Ability to select the most qualified vendors
  • Ability to orchestrate the negotiation process for "win-win" outcomes
  • Ability to achieve the delivery of intended objectives and successful contract closure.

Course Contents

Day One

  • Introduction to Contract concepts
  • The basis of contract around the world
  • Contract formation
  • Contract formalities
  • Authority to contract
  • The Board of Tender (BOD)
  • Contract Stakeholders Management for Effective Results
  • Elements of stakeholders management
  • Stakeholders analysis
  • Stakeholders planning
  • Stakeholders prioritisation techniques
  • Supply Chain Management in Contracts Management
  • What exactly is the Supply Chain Management?
  • How the Supply Chain works
  • The logistics of Contract in the Chain
  • The buyer’s influence on the Supply Chain
  • Common mistakes in contract management and solutions

Day Two

  • Contract Creation Procedures
  • Competitive tendering
  • Dealing with challenges
  • Single/Sole sourcing
  • Framework agreements
  • Negotiated contracts
  • Different contract types
  • Traditional
  • More innovative
  • Selecting the right one for the project
  • Using standard forms of contracts (Company and International)
  • Awarding the contract
  • Letters of intent
  • Letters of Award
  • Conditions precedent
  • Conditions Subsequent
  • Collateral documents
  • Bonds
  • Guarantees
  • Insurance Arrangements
  • De-briefing bidders
  • Kick–off meetings
  • Drafting contracts
  • Clarity of language
  • Issues with translations
  • Issues with translations
  • Interpretation of Critical Contract Clauses
  • Health Safety and the Environment
  • Standard of work/products/service
  • Change to the scope of work
  • Indemnities
  • Insurance
  • Liquidated damages
  • Penalties
  • Force Majeure
  • Limitation of liability
  • Warranty and guarantee periods
  • Termination
  • Entire agreement
  • Notices
  • The Nigerian Contract Laws and Applications
  • Contract Business Process Management
  • Contract Management Planning
  • Strategic Alignment for the Contract Manager

Day Three

  • Contract management detailing technique
  • The work structure of contract management
  • Contract planning work conversion method
  • Implementation technique
  • Contract Financial Management
  • Budget Forecasting
  • Budget development structuring
  • Contract Master Budgeting
  • Contract Financial Performance management
  • Contract Risk Management
  • Contract Risk Auditing
  • Contract Risk Prioritisation and Categorisation
  • Contracts types
  • Types of contracts and implementation techniques
  • Contract strategies and techniques
  • Using the difference in real life situations

Day Four

  • Effective Negotiation in Contract Management
  • Contract Performance Management
  • Supplier Development Programming
  • Vendor Administration
  • Strategic Supplier workshop development
  • Contract Management technological development
  • Introduction to Electronic Contracts
  • Supplier Management Integration system
  • Oracle Enterprise Resource Planners V. Contract
5/7 Alade Lawal Street, Opposite Divisional Police Station, Off Ikorodu Road, Anthony, Lagos Apr 09 - 12 Apr, 2019

Registration: 08:30:am - 09:00:am

Class Session: 09:00:am - 04:00:am

NGN 150,000.00(Vat Inclusive)
(Convert Currency)

Mr Abiodun Toki 08033019120

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