Nigerian Seminars and Trainings

Search all upcoming seminars, conferences, short management courses and training in Nigeria and around the World

business logo

Auditing Contracts, Outsourcing and Procurement Course

By: Newways Consulting

Lagos State, Nigeria

27 - 30 Jul, 2021  4 days

Follow Event

  

NGN 195,000

Venue: Lagos

Other Dates

Venue Date Fee  
Lagos , Lagos State, Nigeria 26 - 29 Oct, 2021 NGN195000

In the news you see organizations being criticized for their poor performance in the handling of contracts. When your organization decides to outsource activities or infrastructure, uncertainties over delivery, cost and quality become a key threat. This course highlights best practice and steers you through the audit of contracting, outsourcing and procurement activities.

Who should attend?

This course is open to all - the course has a major focus on contract and outsourcing management practices and a minor focus on procurement and tendering processes.

What will I learn?

Upon completion you will be able to:

  • Appreciate how putting the right contract in place helps avoid future pitfalls when you work with contractors
  • Understand and use best-practice knowledge for checking outsourcing operations
  • Understand the weak points that cause outsourcing and contracting to end up as contentious issues.

Course Outline

  • Creating the right contract - what should I look at?
  • Due diligence - is this only about money?
  • Duration of contracts - long or short which is best?
  • Assets, warranties, and survivorship - matters beyond the contract?
  • Main contractors and sub-contractors - the supply chain
  • Invoicing, payments, and performance
  • Contract and relationship management
  • Contract lifecycle management – what does good look like?
  • The contract and outsourcing life cycle
  • Strategy decisions, the business case and analysis of the requirement
  • Key preparations before tendering or negotiation begins
  • Going to the market with a sound case
  • Striking the deal
  • Transitioning to new arrangements
  • Day-to-day management of the contract
  • End of contract.
  • Auditing newly struck outsourcing or supply contracts
  • Is there a proper framework for contract and relationship management?
  • Are our staff trained and understand their role?
  • What are the key matters that need to be understood by our team?
  • What are the areas that cause difficulty – teething problems?
  • What about communications between both sides?
  • What about invoicing, performance tracking and payment?
  • Is there an effective way of setting up performance indicators?
  • Can performance monitoring be counterproductive?
  • What about risk management – are our risk registers complete?
  • What if we want to stop the contract because of underperformance?
  • Auditing mid-maturity outsourcing or supply contracts
  • Is contract and relationship management working?
  • Is the right business outcome being delivered?
  • Is incentivisation working?
  • Does the contract measure up to expectations?
  • Can more be obtained from the contract?
  • Are we still communicating?
  • What if one party wants to exit the contract?
  • Auditing end-of-life outsourcing or supply contracts
  • Was the business case delivered?
  • Was the contract good value-for-money?
  • What did we learn from the contract?
  • Should we extend in-source or re-tender?
  • Exit strategies - what are our options?
  • Auditing procurement processes - the approach
  • Management and the procurement process
  • Controls over procurement
  • Tendering processes
  • On-going due diligence
  • Evaluation of value delivered.
Lagos Jul 27 - 30 Jul, 2021
Lagos , Lagos State, Nigeria 26 - 29 Oct, 2021
NGN 195,000.00(The program fees covers tuition, Course Materials, Tea/Coffee Break, Lunch, Bag, Certificate of participation and administration)
USD 600.00(The program fees covers tuition, Course Materials, Tea/Coffee and Break, Lunch, Bag, Certificate of participation and administration)
(Convert Currency)

Dr Chris Egbu +2348023194131

Organisation sponsoring more than two staff will get 20% discount and Payment before two weeks to event date attracts 5% discount
Newways

Related Courses

Creativity, Critical Thinking  and Problem Solving Course Creativity, Critical Thinking and Problem Solving Course

3 days, 13 - 15 Jul, 2021 

2021-07-13 12:07:00 2021-07-13 12:07:00
Lagos State, Nigeria

Newways Consulting

We are continuously confronted with problems that require us to take decisions. Most decisions are reached without requiring any complex decision-making process: We’re hungry? We decide to eat. ...

How to Become an Effective Team Leader Course How to Become an Effective Team Leader Course

3 days, 08 - 10 Jun, 2021 

2021-06-08 12:06:00 2021-06-08 12:06:00
Abuja FCT, Nigeria

Newways Consulting

Starting to manage or lead a team from scratch can be very daunting. This How to Become an Effective Team Leader Course provides delegates with the vital practical tools and techniques in managing ...

Financing and Investment Strategy Course Financing and Investment Strategy Course

3 days, 18 - 20 May, 2021 

2021-05-18 12:05:00 2021-05-18 12:05:00
Abuja FCT, Nigeria

Newways Consulting

This Financing and Investment Strategy Course will discuss the following: Goals and function of Financial Management Review of Company’s Financial Performance Safety of Investment and Security ...

Training:-How to Plan, Organize, Administer and Implement Successful Training Events Training:-How to Plan, Organize, Administer and Implement Successful Training Events

3 days, 18 - 20 May, 2021 

2021-05-18 12:05:00 2021-05-18 12:05:00
Abuja FCT, Nigeria

Newways Consulting

Successful training events require a collaborative effort between training coordinators, trainers, participants and department managers. This course outlines all the training concepts and topics ...