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Managing Contract and the Procurement Process

  /    /  Managing Contract and the Procurement Process

The course is for contracting managers, purchasing professionals, and subcontractors. Because contracts are developed in an increasingly complex and regulated environment, a solid understanding of the contracting process is critical.

  • Identify contract components and understand the process from start to finish
  • Select the right contract type for your project
  • Decipher contract legalese
  • Agree on objectives, requirements, plans, and specifications
  • Negotiate favourable terms and make revisions to the contract
  • Apply the ‘10 rules of contract interpretation’ in project disputes
  • Administer contracts appropriately and know when and how to terminate them
  • Understanding the contract management process
  • Team work: Roles & Responsibility
  • Concept and principle of contract law
  • Contracting methods
  • Developing contract pricing agreement
  • Pre-award phase
  • Award phase
  • Contract Administration
Course Overview

The course is for contracting managers, purchasing professionals, and subcontractors. Because contracts are developed in an increasingly complex and regulated environment, a solid understanding of the contracting process is critical.

Course Objectives
  • Identify contract components and understand the process from start to finish
  • Select the right contract type for your project
  • Decipher contract legalese
  • Agree on objectives, requirements, plans, and specifications
  • Negotiate favourable terms and make revisions to the contract
  • Apply the ‘10 rules of contract interpretation’ in project disputes
  • Administer contracts appropriately and know when and how to terminate them
Course Outline
  • Understanding the contract management process
  • Team work: Roles & Responsibility
  • Concept and principle of contract law
  • Contracting methods
  • Developing contract pricing agreement
  • Pre-award phase
  • Award phase
  • Contract Administration

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