Contract Management

Introduction:

• Course Objectives

Module 1:

• Defining Contract Management

• What is Contract Management?

• Contract Types

• Contract Elements

• Risks of Poor Contract Management

• Knowledge Check

Module 2:

• Legal and Ethical Contract Management

• Contract Law (I)

• Contract Law (II)

• Defining Ethical Contract Management

• Ethical Breaches

• Knowledge Check

Module 3:

• Contract Management Requests

• Choosing Potential Bidders

• RFPs and Technology

• Calculating Value

• Making a Choice

• Knowledge Check

Module 4:

• How to Create a Contract

• Templates and Software

• Compliance

• Wording

• Risks of Noncompliance

• Knowledge Check

Module 5:

• Contract Negotiations

• Be Prepared

• Prioritize Terms

• Remain Professional

• Execute the Contract

• Knowledge Check

Module 6:

• Assess Performance

• What Performance Can Be Assessed

• Creating Metrics

• Measuring Performance

• Improving Performance

• Knowledge Check

Module 7:

• Relationships

• Qualities of Effective Relationships

• Relationship Pitfalls

• Building Trust

• Maintaining Relationships

• Knowledge Check

Module 8:

• Amending Contracts

• Redlines and Strikeouts

• Replacing Clauses

• Describing Amendments

• Amendment Status

• Knowledge Check

Module 9:

• Conducting Audits

• Why Audit?

• Plan

• Establishing Procedures

• Investigate and Report

• Knowledge Check

Module 10:

• Renewing Contracts

• Involve Stakeholders

• Review

• Check for Accuracy and Changes

• Update or Cancel

• Knowledge Check