IPT 801 CONTRACT MANAGEMENT
IPT 801 CONTRACT MANAGEMENT
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An interactive 2-day course for those looking to understand how contracts work, how to interpet them and how to make amendments as required
An interactive 2-day course for those looking to understand how contracts work, how to interpet them and how to make amendments as required
It is easy to overlook the importance of contract management because it seems to be a boring, mundane topic. Contracts, however, are the basis of most business relationships. If contracts are managed well, business relationship will flourish.
If they are not, companies face financial loss, relationship harm, and damaged reputations. With this “Contract Management” course, you will discover the specifics of how contract management works and how to effectively source agents.
Objectives
Objectives
Identify contract elements
Understand ethical contract management
Calculate value
Create basic amendments
This Course Is For
This Course Is For
This course is for those who need to:
understand how contracts work
negotiate contracts
Outline
Outline
Module 1: Defining Contract Management
What is Contract Management?
Contract Types
Contract Elements
Risks of Poor Contract Management
Module 2: Legal and Ethical Contract Management
Contract Law
Defining Ethical Contract Management
Ethical Breaches
Module 3: Contract Management Requests
Choosing Potential Bidders
RFPs and Technology
Calculating Value
Making a Choice
Module 4: How to Create a Contract
Templates and Software
Compliance
Wording
Risks of Noncompliance
Module 5: Contract Negotiations
Be Prepared
Prioritize Terms
Remain Professional
Execute the Contract
Module 6: Assess Performance
What Performance Can Be Assessed
Creating Metrics
Measuring Performance
Improving Performance
Module 7: Relationships
Qualities of Effective Relationships
Relationship Pitfalls
Building Trust
Maintaining Relationships
Module 8: Amending Contracts
Redlines and Strikeouts
Replacing Clauses
Describing Amendments
Amendment Status
Module 9: Conducting Audits
Why Audit?
Plan
Establishing Procedures
Investigate and Report
Module 10: Renewing Contracts
Involve Stakeholders
Review
Check for Accuracy and Changes
Update or Cancel
Wrapping Up
Q & A
Action Plan
If you'd like to learn more, choose the 'Buy This Course' button below and you'll be taken to the course enquiry page where you can WhatsApp us.
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