Contract Management Course

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