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Contract and Vendor management training

Contract and Vendor management training American Certification Institute ACI and International Purchasing and Supply Chain Management Institute, USA is an instant passport to a rewarding career, worldwide. Get ACI/IPSCMI Certified and the world can be yours! Are you Ready?

ACI/IPSCMI will familiarize you with the international standards in the business. The demand of expertise and professional business personnel is increasing day by day, so what is your ranking today?

As Commercial contracts continue to be the foundation of business relationships, organizations need to implement effective Commercial contracts management practices to avoid risk and achieve optimal outcomes. This certification course provides you with the knowledge and skills to successfully manage and execute the contracting process. Throughout the course, you learn how to implement the contract life cycle and avoid common pitfalls.

Vendor management – You, Will, Learn How To:

 Apply effective contracting strategies and techniques to maximize results and minimize risk

 Manage an effective Commercial contracts life cycle

 Identify strategies and tactics to select the most qualified Vendor management

 Orchestrate the negotiation process for “win-win” outcomes

 Employ best practices for contracts administration and execution

 Ensure delivery of intended objectives and successful contract closure

Project managers, contract managers, HR managers and other professionals involved in contract management must be able to work effectively with customers, vendors, partners or employees to achieve key objectives. Due to the new regulatory requirements, increase in volume and the complexity of contract management, a good understanding of the process is crucial and can benefit an organization enormously.

With this in mind, we bring you a comprehensive approach to Contract and vendor management. This course combines theory and best practice to help improve understanding and performance when it comes to managing contracts and Vendors.

Contract management is ‘The process of systematically and efficiently managing contract creation, execution and analysis for maximizing operational and financial performance and minimizing risk’ but many organizations are inefficient in contract management, resulting in costly oversights, potential risks and loss of job control.

This interactive and engaging course will support you to do the following;

  • Recognize best practice preparation IN Contract and Vendor Management
  • Understand contract and Vendor management
  • Determine and explain the reasons for poor performance
  • Learn how to manage and monitor risks and supplier performance
  • Know the importance of relationship management in maximizing performance

Who Should Attend?

Project managers, Legal Practitioners, Financial Auditors, Administrative professionals, Operations Managers, contract managers, and other professionals involved or intending to have a career in the Commercial contract management life cycle

This course benefits all stakeholders involved in the buying and selling roles.


Introduction to Contracts

 The basis of contracts around the world

 Contract formation

 Contract formalities

 Authority to contract

 The Board of Tenders (BOD)

1.  Contract Stakeholders Management for effective results

 Elements of stakeholders Management

 Stakeholders Analysis

 Stakeholders Planning

 Stakeholders Prioritization techniques

2. Supply Chain Management as regards Commercial contracts Management

 What exactly is Supply Chain Management?

 How the Supply Chain Works

 The logistics of Contract in the Chain

 The buyer’s influence on the Supply Chain

 Common mistakes in Contract Management and solutions

3. Contract Creation and the entire procedure involved

 competitive tendering/Contracts Drafting

 Dealing with challenges

 Single/Sole sourcing

 Framework Agreements

 Negotiated contracts

 Different contract types

 Traditional

 More innovative

 Selecting the right one for the project

 Using standard forms of contracts (Company and International)

5. Awarding the contract

 Letters of intent

 Letters of Award

 Conditions precedent

 Conditions Subsequent

6. Collateral documents

 Bonds

 Guarantees

 Insurance Arrangements

7. De-briefing bidders

8. Kick-off meetings

9. Drafting contracts

 Clarity of language

 Issues with translations

 Issues with translations

10. Interpretation of Critical contract clauses

 Health Safety and the environment

 Standard of work/products/service

 Change to the scope of work

 Indemnities

 Insurance

 Liquidated damages

 Penalties

 Force Majure

 Limitation of liability

 Warranty and guarantee periods

 Termination

 Entire Agreement

 Notices

11. Contract Business process Management

 Contract Management Planning

 Strategic Alignment for the Contract Manager

12. Contract Management detailing technique

 The Work Structure of Contract Management

 Contract Planning work conversion method

 Implementation technique

13. Contract Financial Management

 Budget Forecasting

 Budget development structuring

Contract Master Budgeting

 Contract Financial Performance management

14. Contract Risk Vendor management

 Contract Risk Auditing

 Contract Risk Prioritization and Categorization

15. Contracts types

 Types of contracts and implementation techniques

 Contract strategies and techniques

 Using the difference in real-life situations

16. Effective Negotiation In Contract Management

17. Contract Performance Vendor management

18. Supplier Development Programming

 Vendor management Administration

 Strategic Supplier work Shop development

19. Contract Management technological development

 Introduction to Electronic Contracts

 Supplier Management Integration system

20. Enterprise Resource Planners Vs. Contract

   3 (three) days  
   Lectures  Discussions  Individual and group exercises  Case studies  Activities  

Call now to register; 08066559530 or send us a mail requesting to register – [email protected]


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