may, 2022
15may(may 15)10:00 am17(may 17)4:00 pmContract and Vendor Management

Event Details
Contract and Vendor Management will familiarize you with the international standards in Contract management. The demand of expertise and professional contract personnel is increasing day-by-day, so what
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Event Details
Contract and Vendor Management will familiarize you with the international standards in Contract management. The demand of expertise and professional contract personnel is increasing day-by-day, so what is your ranking today?
As Contract and Vendor Management continue to be the foundation of business relationships, organizations need to implement effective Private Public Partnership contracts management practices to avoid risk and achieve optimal outcomes. This strategic course provides you with the knowledge and skills to successfully negotiate and execute the contracting process. Throughout the course, you learn how to implement the contract life cycle and avoid common pitfalls in executive negotiation.
You Will Learn How To:
- Apply effective contracting strategies and techniques to maximize results and minimize negotiation risk
- Manage an effective Commercial contracts life cycle
- Identify negotiation strategies and tactics to select the most qualified contracts
- Orchestrate the negotiation process for “win-win” outcomes
- Employ best practices for contracts administration and execution
- Ensure delivery of intended objectives and successful contract negotiation closure
With this in mind, we bring you a comprehensive approach to Contract evaluation and Executive negotiation. This course combines theory and best practice to help improve understanding and performance when it comes to managing contracts and advanced negotiations.
Who Should Attend Contract and Vendor Management ?
Project managers, Legal Practitioners, Financial Auditors, Administrative professionals, Operations Managers, contract managers and other professionals involved or intending to having a career in the Commercial contracts management life cycle.
This course benefits all stakeholders involved in the buying and selling roles.
COURSE CONTENT
- Introduction to Contracts
The basis of contract around the world
Contract formation
Contract formalities
Authority to contract
The Board of tender (BOD)
- Contract Stakeholders Management for effective results
Elements of stakeholders Management
Stakeholders Analysis
Stakeholders Planning
Stakeholders Priotization techniques
- Supply Chain Management as regards Commercial contracts Management
What exactly is the 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
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)
- Awarding the contract
Letters of intent
Letters of Award
Conditions precedent
Conditions Subsequent
- Collateral documents
Bonds
Guarantees
Insurance Arrangements
- De-briefing bidders
- Kick –off meetings
- Drafting contracts
Clarity of language
Issues with translations
Issues with translations
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
- Contract Business process Management
Contract Management Planning
Strategic Alignment for the Contract Manager
- Contract Management detailing technique
The Work Structure of Contract Management
Contract Planning work conversion method
Implementation technique
- Contract Financial Management
Budget Forecasting
Budget development structuring
Contract Master Budgeting
Contract Financial Performance management
- Contract Risk Management
Contract Risk Auditing
Contract Risk Priotization and Categorization
- Contracts types
Types of contracts and implementation techniques
Contract strategies and techniques
Using the difference in real life situations
- Effective Negotiation In Contract Management
- Contract Performance Management
- Supplier Development Programming
Vendor Administration
Strategic Supplier work Shop development
- Contract Management technological development
Introduction to Electronic Contract and Vendor Management
Supplier Management Integration system
Enterprise Resource Planners Vs. Contract
Time
15 (Sunday) 10:00 am - 17 (Tuesday) 4:00 pm
Organizer
Remoik Training & Consulting
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