Contract Management

The fact that contract management seems like a dull, uninteresting subject makes it simple to undervalue its significance. However, the majority of corporate partnerships are built on contracts. Effective contract management is essential to the success of commercial relationships. Companies risk financial loss, strained relationships, and tarnished reputations if they are not.

Your participants will gain an in-depth understanding of Contract Management with our course. Contracts are created with partners, suppliers, workers, and customers; these have to be handled carefully. Understanding every little detail is essential for implementing contract management successfully, and this course will provide you with just that.

INR 199 / USD 10

Module 1

Defining Contract Management
What is Contract Management?
Contract Types
Contract Elements
Risks of Poor Contract Management
Knowledge Check

Module 2

Legal and Ethical Contract Management
Contract Law (I)
Contract Law (II)
Defining Ethical Contract Management
Ethical Breaches
Knowledge Check

Module 3

Contract Management Requests
Choosing Potential Bidders
RFPs and Technology
Calculating Value
Making a Choice
Knowledge Check

Module 4

How to Create a Contract
Templates and Software
Compliance
Wording
Risks of Noncompliance
Knowledge Check

Module 5

Contract Negotiations
Be Prepared
Prioritize Terms
Remain Professional
Execute the Contract
Knowledge Check

Module 6

Assess Performance
What Performance Can Be Assessed
Creating Metrics
Measuring Performance
Improving Performance
Knowledge Check

Module 7

Relationships
Qualities of Effective Relationships
Relationship Pitfalls
Building Trust
Maintaining Relationships
Knowledge Check

Module 8

Amending Contracts
Redlines and Strikeouts
Replacing Clauses
Describing Amendments
Amendment Status
Knowledge Check

Module 9

Conducting Audits
Why Audit?
Plan
Establishing Procedures
Investigate and Report
Knowledge Check

Module 10

Renewing Contracts
Involve Stakeholders
Review
Check for Accuracy and Changes
Update or Cancel
Knowledge Check

Assessment

Post-Test