Contract Management Courses

Contract management refers to the process of managing contracts throughout their lifecycle, from creation to execution to renewal or termination, to ensure compliance, mitigate risks, and optimise outcomes.

Contract management in procurement involves managing contracts related to purchasing goods or services, including activities such as vendor selection, negotiation, contract creation, monitoring, and performance evaluation.

Contract management is important because it helps organisations ensure that contracts are properly executed, risks are minimised, and compliance is maintained, leading to improved operational efficiency, cost savings, and better outcomes from contractual relationships.

Professionals involved in procurement, purchasing, sales, legal, and contract administration, as well as individuals seeking to enhance their contract management skills, can benefit from a contract management course.

Topics covered in a contract management course may include contract types, contract formation, negotiation strategies, risk management, contract administration, contract performance evaluation, contract disputes, and contract termination or renewal.