Contract Management

Course details

Contract Management Training enlightens the participants on the necessary skills to control contracts effectively and successfully.
A wide range of skills and knowledge relating to contract management are learnt and can be widely applied. Contracts are of profound importance in establishing and maintaining positive relationships between companies and organizations so that business goals are accomplished.
Participants will learn the tricky process of interpreting contract language to ensure all risks are minimized and how to get the best out of the contracted partnership. Contract management begins from the beginning of contract writing and continues to oversee the contract, ensuring both parties are fulfilling their promises and sticking to the conditions.
What are the objectives of Contract Management Training?
By the end of the course, participants will have a knowledge of :

1. Understanding of the  legal terminologies
2. Reduce risk in contract delivery
3. Maximize value from procurement
4. Understand the role of contracting in projects
5. Understand the role of contracts in procurement
6. Meet contracting process obligation.

Who is recommended for  this  course on Contract Management Training?
This course is recommended for those professional who are interested in seeking careers opportunity / growth in contract management and the skills needed for the negotiating process. This course is also for those who want to better the relationship with their business partners.
Contract management training is specifically useful for those who are involved in contracting as a career. There are no formal requirements for this training course, although some understanding of contracting may be useful. This training course is suitable to a wide range of contracts professionals but will greatly benefit:

1. Contract Administrators,
2. Contract Professionals and Project Coordinators
3. Specifiers, Buyers,
4. Purchasing Professionals and Procurement Officers
5. Contracts managers  
6. Project managers
7. Engineers or contracts operatives

What areas will Contract Management training cover?
The contract management training course will teach candidates:

• How significant a contract is
• What obligations should be met
• The correct language to use
• To identify risks and how to minimize risks
• Understanding of procurement
• The link between contracting and project success

Updated on 17 July, 2019