Contract Management – 1/2 Day
- Live Contract Management Training. Introduction to contract management, common risks, and contracting processes. Management tactics post contract signature. Post award contract management and governance. Dealing with change and closing out contracts.
Overview
Live Contract Management Training is a half-day course focusing on understanding and managing contracts effectively. The course covers topics such as contract reading, risks in contracting, end-to-end processes, post-signature management tactics, post-award contract governance, and dealing with changes and contract closure. Participants will learn about relationship management, performance monitoring, governance frameworks, and financial aspects of contracts. The training aims to equip individuals with the necessary skills to navigate contract management successfully.
Who should attend
Contract Managers
Course Content
09:00 – 09:15 – Introductions
09:15 – 10:00 – Introduction to Contract Management
- What is a contract and how do you read them?
- Active terms
- Passive terms
- Conditions precedent
- Conditions subsequent
- Common risks encountered in the contracting process, and understanding how terms and conditions drive the behaviours of both the customer and the supplier
10:00 – 10:20 – An overview of the end to end contracting processes
- Documenting required activities and the process from the identification of need through to contract award, post signature management, change and closing out the contract
10:20 – 10:50 – Management tactics post contract signature
- Resource (input) contracts versus results (output / outcome) contracts and how these define the appropriate management style and involvement of the customer
10:50 – 11:00 – Break
11:00 – 13:00 – Post award contract management and governance
- Moving from signature to contract implementation
- Kick off meetings, summarizing the contract for those with a need to know
- Developing appropriate relationship management plans
- Communication activities across the delivery phase of the contract
- Managing contactor performance
- Keeping records and maintaining the right evidence and building appropriate reports
- Using SLAs and KPIs in the right way and how they can be gamed
- Delivery and acceptance
- Meetings and instilling the right governance frameworks cross the delivery phase of the contract
- Finance, budgets and invoicing
- Dealing with change in the contract
- Closing out contracts
- Principles of termination and expiry
- Exit strategies and minimising acrimony
- Requirements on customer and an incumbent supplier in the event of follow on services
Duration:1/2 Day
Cost:£145 + Vat
