A business that employs effective contract managers is more likely to be profitable, because they can minimize contract costs and ensure that deliverables are completed on time. In the Contract Management course, we explore all aspects of the contract management job, including contract law, contract terms, contracting risks, and how to issue a well-written request for proposals. The course also addresses how to monitor contractor performance, inspect deliverables, and close out projects, along with several related topics.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Identify the elements of a contract.
Specify when an offer has been accepted.
Describe what is required to prove that there is fraud in a contract.
Identify what to do when there is a mistake in a contract.
Specify the conditions that establish an unconscionable contract.
Identify the parameters of a written contract.
Recall the legalities of contractual rights that have been assigned.
Specify the purpose of a dispute resolution clause in a contract.
Specify the different types of force majeure events.
Specify how to improve the performance of the different types of contracts.
Recall those contracting actions that apply to longer-term contracts.
Recall the different types of contracting risks, and how to reduce them.
Specify who is involved in the creation of a request for proposals.
Identify the circumstances under which a sole sourcing arrangement should be used.
Recall the characteristics of a reverse auction.
Recall the types of clauses that can be inserted into a contract with a supplier.
Specify when a table of conformance is used in the bidding process.
Identify the steps involved in a formal bidding process.
Recall the responsibilities of the review teams involved in examining bidder proposals.
Specify the indicators of a weak project scope of work.
Identify the activities associated with deployment planning.
Recall the reasons why change orders are used, and their impact on a contract.
Specify the parties that may be involved in deliverable inspections, and the impact of their work on the seller.
Identify the retention periods for the various documents used by a contract manager's team.
Recall the characteristics of a warranty, and the different types of warranties.
Major Topics
Contract Law
Contract Terms and Conditions
Contracting Risks
The Request for Proposals
Project Preparations
Monitoring Contract Performance
Tender and Acceptance
Demobilization and Close Out
Warranties and Remedies
