Strategic Contract Management
More and more of our business is being conducted by external resources under contracts that are managed for the company by line staff drawn from virtually all the functions. This creates opportunities for great benefits to be gained but is also full of potential pitfalls, which can lead not only to loss of expected benefits but to serious unnecessary expense in the worst cases.
Contracts for major engineering projects stand out as obvious examples, but many ongoing routine services such as catering, facilities managements and vehicle fleet leasing etc account for vast expenditures in most organisations. This course gives participants the ability to get the best contract into place during the "upstream" phase leading up to contract award, ensuring that expected benefits are realised and expenditure is not wasted.
The course provides participants with:the ability to set up and execute contracts and to manage ongoing contractual relationshipstools and techniques for application at every stage of the process using a 'cradle to grave' methodology for contract buildingan understandable and enduring framework based on 7 Critical Success Factors.
It will enable participants to: understand the generic contracting and procurement Total Cost of Ownership model and how it should be appliedhave an improved understanding of who does what, and how teamwork will produce the desired resultsrecognise the true commercial interface and maximise the opportunities whilst minimising the risksunderstand the various types of contract and place these in a hierarchy which is applicable to participants' Operating Unitsprepare, tender (or negotiate), and evaluate contracts, ready to awardhave an overview of the legal aspects of contracts and how these might be used to advantagerecognise committed contractors and ensure that contractors' performance fulfils the contract requirementsknow what to do when, or if, the contract starts to go wrongeffectively handle claims and variationscomplete the contract finalisation and close-out documentation.
Provider: CP Training Consortium
CP Training Consortium - Procurement, Purchasing & Logistics Training Courses
Originally founded in 1996 to provide Contracting and Procurement training on an outsourced basis to Shell Group companies, CP Training Consortium now provides training for organisations from a wide range of industrial sectors, such as telecommunications, cement and utilities, as...
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