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Contract Management

Contract Mgt

Contractors and vendors more often, in response to a highly volatile and uncertain external business environment default to per-agreed service levels.   The need to devise a methodological approach to identifying these risks and cost drivers at the pre-contract phases becomes pertinent. This will contribute immensely to reduced levels of variations and/or claims leading to poor contract performance.

Effectively contracting with suppliers and vendors requires effective drafting, monitoring and controlling certain service level agreements. Beyond this, effective negotiation is required for gaining value for money. In the same way a lawyer wins a case through gathering case scenarios at the chambers and not the’’ court room’’, this course enables participants to efficiently plan and execute contract negotiations towards win-win outcomes.

Supplier appraisal and drafting of vendor rating/assessment KPIs will also be presented in a highly interactive manner through case studies.

Target Audience

  • Procurement Staff
  • Finance Staff
  • Mid to Senior Executive Management
  • Risk management staff
  • Technical/QA/QC staff
  • Contract Administrators
  • Engineering /Technical Staff
  • Legal Departmental Staff
  • Project Managers
  • Strategic Vendors

contract mgt

Day 1

1
Essential Elements Of A Contract/Guidelines
2
Types of purchases(one-off purchase/re-buy etc)
3
Statement of requirements/Scope of work
4
Drafting service level agreements
5
Supplier Development Programming

Day 2

1
Contracts performance measurement- Benefits/Challenges/Score Card
2
Vendor Administration and Performance Review
3
Conflict resolution mechanisms: Arbitration, negotiation, litigation etc
4
Effective Negotiation in Contract Management
5
Concepts/Principles for negotiation and forming the negotiation

Day 3

1
Selecting a suitable Negotiating model/Creating effective plan
2
Anticipating Seller or Buyers Strategy/Influencing negotiation
3
Processing of variations
4
Contract Service Delivery Management
5
Contract Closure Process
6
Case Studies-

Check and Dowload our Calendar for the Next Training Schedule for this course

https://lssbiadvisory.com/2020/03/03/lssbi-february-june-2020-open-classes/

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Enrolled: 25 students
Duration: 3 days (Mar 16-18; Apr 21-23; Jun 21-23)
Lectures: 16

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