Course Description

Course Overview

The effective expenditure of enormous sums of money and resources is dependent on successful purchasing and contract management activities. Selecting and applying the appropriate skills and methodologies to ensure value for money and high quality delivery by suppliers, requires collaboration across all functions and a strong contractual underpinning of the supplier relationship. It is essential to select the appropriate contracting models for creating and managing formal agreements with suppliers of goods and service to achieve successful outcomes

Course Objectives

At the end of this Course, the delegates would be able to:

• Understand the contract complexities that need managing
• Be more effective in contract management activities
• Anticipate problems and manage risks
• Integrate contract management with contract needs
• Understand the best means of handling disputes and performance issues
• Development of appropriate strategies for delivering value
• Use appropriate methodologies for managing suppliers
• Use tendering, negotiation and other techniques
• Enhance value obtained from suppliers
• Measure and improve the performance of the Purchasing function

Target Audience

• Team leaders Managers
• Line Managers
• Senior Managers
• Contractors
• Project Managers

 Course Content

• Overview of the tendering and contract award process
• Understanding Contracts – a refresher on legal requirements for a contract
• Formal and Informal Contractual documents
• The specification and scope of work – linkage to price and payment
• Recognizing where the contract risks lie
• Tools and techniques to manage contract risks
• The role and value of an effective contract manager
• Implementing the new contract
• Effective review processes
• Inspection and certification of contractual performance
• Managing suppliers of professional services
• Working with contract management reports
• Using KPIs in effective contract management
• Managing Price escalation
• Getting a breakdown of costs
• Cost and price analysis techniques
• Tracking changes
• Typical Contract Claims – scope, delay, quality, payment
• Implementing penalties or service credits
• Liquidated and unliquidated damages
• Termination and other methods of dealing with default

Delivery method: This will include combine lectures, discussions, group exercises and illustrations. Participants will also understand the theoretical and practical knowledge of the topic.

Venue:  

Fee:  

Duration: 1 week

Course Date: July 31st – August 4th 2023