Contract Management (Online Training)

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Course Objectives

Contract Management focuses on the administration of contracts between organisations and their collaborators. Contract Management is essential due to the potential benefits of exchanging comprehensive contacts, including the reduction of financial risks and the development of relationships. Additionally, Contract Management enables business objectives to be accomplished more visibly, and covers the entire contract period, from before initiation right through to the very end, to ensure that all parties fulfil their obligations.

Therefore, this 4-hour course teaches delegates fundamental skills relating to contract law, management contracting, and contract procurement. Delegates will acquire knowledge of how to manoeuvre through the confusing legal language that often undermines contract processing, and will learn how to govern procurement contracts to minimize risk and maximize value accordingly.

Participants will learn to:

  • Identify contract components and understand the process from start to finish.
  • Select the right contract type for your project.
  • Decipher contract legalese.
  • Choose the offer that will result in the best value for the buyer.
  • Agree on objectives, requirements, plans and specifications.
  • Negotiate favorable terms and make revisions to the contract.
  • Apply rules of contract interpretation in project disputes.
  • Administer contracts appropriately, and know when and how to terminate before or upon completion.

Target Audience

Is ideal for project managers and team leaders who need a well-structured and effective, and risk-focused solicitation process to plan and administer a procurement contract.

Methodology

This Live Online / Virtual Training session will be conducted via a Live Streaming Platform in which the trainer will use interactive lecture and slide presentation to cover the modules stated below.

Course Modules

  • Module 1: Role and Value of Procurement Contracts
    – Definitions
    – Relationships
    – Importance

     

  • Module 2: Creation of a Procurement Contract
    – Agreement
    – Consideration
    – Intent

  • Module 3: People and Authority
    – Principals
    – Agents
    – Third parties
    – Privacy

  • Module 4: Legal Concepts of Procurement Contracts
    – Framework
    – Key components

  • Module 5: Procurement Contract Construction
    – Essential clauses
    – Misrepresentation
    – Breach
    – Damages
    – Exemption Clauses

  • Module 6: Managing the Procurement Contract
    – Vitiation
    – Mistakes
    – Misrepresentation
    – Discharging a contract

  • Module 7: The Procurement Contract in Context
    – Strategy
    – Processes
    – Options
    – Tendering process
    – Evaluation

  • Module 8: Procurement Strategy
    – Principles
    – Risk
    – Costing models
    – Supply chains
    – Intellectual property rights

  • Module 9: Solicitation
    – Planning
    – Source selection
    – Administration
    – Documentation
    – Closure

Get To Know The Trainer

Trainer Shager

Trainer Shager

 

Shager a highly motivated South East Asia (SEA) level Trainer has an extensive work experience of 25 years. He carries a wide-ranging experience of more than 20 years with many Public Listed Companies in Malaysia. His contribution to enriching people’s experiences is supported in training with “Real Experiences Sharing” and not notes bound.

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FREE QUOTATION!

COURSE INCLUDES

  • 4 hours of Live Online / Virtual Training
  • E-WorkBook
  • Pre & Post Assessment

COURSE BENEFITS

  • 30 Days of Email / WhatsApp Support​
  • 1 or 30 pax, same price
  • Confirmed-to-run even for 1 pax
  • HRDF Certified & Claimable

ALL IN FROM ONLY

RM1,070/DAY

RRP RM1,550/DAY   SAVE RM480

*T&C Applies

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