Contract Management - 1 Day

Virtual Contract Management Training

Introduction 45mins

Contract management introduction

• Introduction to the course, establishing the standards by which we work, the principles of contracting
• Outlines the concepts of best practice in contracting
• Defines the requirement for contract management

The contract itself 2.5hrs

Basic legal principles of contracting

• Creation of a contract
• Offer, acceptance of offers and revoking offers
• Overview of the role of terms and conditions in contracting
• Key elements and considerations in drafting contract clauses

Introducing terms and conditions

• Basic contract components
• A review of commonly used contract terms
• Active and passive terms; conditions precedent and subsequent

Scopes of work

• Scopes of work, the key requirements
• Input v output v outcome scopes of work
• Understanding SLAs and KPIs

Negotiation essentials 45mins

Picturing the negotiation

• Understanding the other side’s drivers and developing a strategy
• What negotiators must understand before starting negotiations
• Strategies, ethics, tricks and ploys

Managing the contract after award 2.5hrs

Implementing / communicating the contract

• What makes a contract risky, and how to mitigate that risk
• Contract communications and handover planning
• A six-step communication planning process

Monitoring performance

• Schedule management and performance monitoring
• Payment invoicing, tracking deliverables and acceptance
• Managing SLAs and KPIs

Dealing with changes to a contract

• What is a change and who can initiate it?
• Examples and the effect of change
• What should a change control process look like?

Contract close-out

• Types of termination and close-out
• Managing the termination of a relationship
• Survival clauses, knowledge capture and lessons learned

Online Contract Management Training

Contract Management Online Training Courses