Contract Management

This Contract Management course will cover:

Introduction to Contract Management

• Principles of contract law
• The nines stage of the contract management lifecycle
• Forming and creating robust procurement contracts
• Standard terms and conditions for goods and/ or services 

• Special terms and conditions and essential clauses

Key concepts in contracts and associated legal considerations

• The scope and features of good contract management
• Specification writing 

• Exiting, changing and migrating contracts
• Managing contract extensions and any allowable price increases 

• Establishing a change control regime

The Principles and Process of Contract Negotiation

• The main models and processes of negotiation
• Negotiating in a purchaser/supplier relationship
• Plan and manage a negotiation with a supplier
• Identify and negotiate key contract variables
• Reaching a win-win agreement

Contract Risk Assessment and Management Techniques

• Understanding the various risks that affect all contracts
• Contract risk analysis
• Develop robust contracts with a focus on mitigating risk
• Managing risk through the contract
• Managing an exit strategy and risk mitigation in event of contractor failure/default

Managing Relationships and Performance

• The importance of collaboration
• Key stakeholder management
• Setting agreed service levels
• Improving contract performance
• Managing contract closeout