Contract Management Masterclass

Contract Management Masterclass, Contract management in easy steps.

Contract management is an essential part of every business. It is a process of implementing protocols to ensure that suppliers deliver agreed outputs at minimum risk to the organization with maximum returns.

There have been few well-documented public examples of where contracts have failed to deliver to agreed standards, as such there is a growing importance for contract managers to be better equipped to manage contracts.

In this course, I will be sharing with you some practical contract management tools, strategies, and procedures to ensure that contact management is not just treated as a tick box exercise but instead, a tool to optimize products or service outputs. So yes we’ll be covering theories but we will also be covering practical day-to-day processes to help you more effectively manage contracts whether you are new to contract management or an old hand wanting a refresher.

In this course, we’ll be covering

1. Elements of a contract – including offer acceptance and consideration

2. Types of commercial contracts for business

·Fixed price/lump sum

·Cost reimbursement/cost plus

·Time and material

3. Importance of contract management

4. Key contract management activities

· Pre-award

· Post-award

5. Financial Models

· Net present value

· Should the cost model

· What if analysis

6. Contract Management Activities

7. Important skills for contract managers

8. Contract category management

Well, it promises to be a packed but concise course, one which I think you will find valuable. So if this is something of interest to you. Please join the course and I’ll see you in the next lecture.