CONTRACT MANAGEMENT WORKSHOP
RATIONALE
Contract Management or Contract Administration is the management of contracts made with customers, vendors, partners, or employees. The personnel involved in contract administration is required to negotiate, support and manage effective contracts. Contract Management includes negotiating the terms and conditions in contracts and ensuring their compliance as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution. It can be summarized as the process of systematically and efficiently managing contract creation, execution, and analysis for the purpose of maximizing financial and operational performance and minimizing risk.
Managing commercial arrangements is a vital component to the success of any organisation and is a key driver for creating value for money and improving business performance. Contract Management requires multi-functional commitment from all levels within the organisation, which includes developing a scope of work, managing procurement, service delivery management, relationship management, contract administration, risk management and performance management. Therefore, this workshop will equip its participants with an awareness of a variety of tools, techniques and methods that will help them manage contracts more effectively.
LEARNING OBJECTIVES
Personality Assessment Test: We conduct Personality Assessment Test on all our Course participants to help them understand their personality traits and dispositions.
At the end of the workshop, participants in addition, will be able to:
- Describe the key components of a contract and the contract management life cycle
- Understand the role of the contract manager and the key relationships needed to make the role successful
- Design and manage a contract management plan appropriate for the contract
- Develop an appropriate plan to manage contract variations
- Measure supplier performance
- Negotiate effectively with suppliers
- Identify and determine how to resolve supplier disputes
- Understand the modalities for termination of contracts.
COURSE CONTENT
- Components of a contract
- Contract Management life cycle
- Creating Appropriate Contract Documentation
- Managing Supplier Performance
- Negotiating in a Purchaser -Supplier Relationship
- Making changes to Supplier contracts
- Managing Contract Disputes
- Contract Termination.
TARGET AUDIENCE:
Purchasing Executives, Senior Managers, Professional Staff, Logistics/ Inventory Managers, Project Managers, Technical Personnel Engineering Planners, Quality Managers and anyone seeking to understand how suppliers are selected