• Exclusive Training Provider of The Knowledge Academy in India

Contract Management Training

ABOUT THE PROGRAM

Contracts are important in establishing and maintaining positive relationships between companies and organisations so that business goals are accomplished. Contract Management course provides an in-depth knowledge to the delegates about the necessary skills to control and manage contracts effectively and successfully. The training provides a wide range of skills and knowledge to the delegates relating to contract management. With the help of Contract Management training, the delegates will understand the process of understanding contract language.

  • Understand legal terminology

  • Understand the role of contracts in procurement

  • Know the correct language to use

  • Understand the link between contracting and project success

  • Gain Knowledge from Certified and well-experienced Instructors

  • We provide 24x7 help and support to our delegates in case of any query

WHAT'S INCLUDED ?

Find out what's included in the training programme.

Includes

Tutor Support

A dedicated tutor will be at your disposal throughout the training to guide you through any issues.

Includes

Certificate

Delegates will get certification of completion at the end of the course.

PREREQUISITES

For attending the Contract Management course, there are no prerequisites, however, some familiarity with the contracting process is beneficial.

TARGET AUDIENCE

Contract Management Training Course is designed for following:

  • Those delegates who are working in organisations, government and commercial entities, or as entrepreneurs
  • Contract administrators, procurement managers, subcontractors, project managers, quality assurance personnel, and others who are looking to develop their career
  • Engineering, law, business, paralegal professionals and others who desire to enter this field

WHAT WILL YOU LEARN?

During the Contract Management Training Course at The MSP Training, the delegates will be able to:

  • Understand the role and responsibility of the contract manager
  • Know how to make the contract effective in practice
  • Understand how to develop the overall management plan for the contract
  • Understand how to apply rules of contract interpretation in project disputes

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PROGRAM OVERVIEW

Contract Management course focuses on the administration of contracts between organisation’s and their collaborators. The course provides fundamental skills to the delegates related to the contract law, contract procurement and management contracting. With the help of training, the delegates will understand how to use contracts as effective risk management tools in an organisation’s and develop strategies for mitigating the risk that arises from contracts. Throughout the training, the delegates will get to know the contract administrator’s relationships as well as responsibilities. At the end of the training, the delegates will be able to select the right and effective contract type for their project in the workplace.


PROGRAM CONTENT

Understanding the Contract Management Process

  • Contract Management Definition
  • Description and Uses of Contracts
  • Buyer and Seller Perspectives
  • Contract Management and the PMBOK® Guide

Role and Value of Procurement Contracts

  • Definitions
  • Relationships
  • Importance

Creation of a Procurement Contract

  • Agreement
  • Consideration
  • Intent

Legal Concepts of Procurement Contracts

  • Introduction to Framework
  • Key Components

People and Authority

  • Overview of Principals
  • Agents
  • About 3rd Parties
  • Understand about the Privacy

Procurement Contract Construction

  • Essential Clauses
  • Misrepresentation
  • Breach
  • Damages
  • Exemption Clauses

Managing the Procurement Contract

  • Vitiation
  • Mistakes
  • Misrepresentation
  • Discharging a Contract

Procurement Strategy

  • Principles
  • About Risk
  • Costing Models
  • Supply Chains
  • Intellectual Property Rights

The Procurement Contract in Context

  • Strategy
  • Processes
  • Options
  • Tendering Process
  • Evaluation

Solicitation

  • Planning
  • Source Selection
  • Administration
  • Documentation
  • Closure

Contract Management Training Enquiry

 

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Reach us at +91 181 504 7001 or info@themsptraining.com for more information.