Effective Contract Management and Administration
Course Info
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Course Details
Introduction
Objective
Who should attend
When two companies wish to do business with each other, a contract specifies the activities entered into by both organizations and the terms through which they will each fulfill their parts of the agreement. Contracts affect business profitability in a very large way due to the emphasis on revenue and expenses.
Effective contract management & Administration create a powerful business relationship and pave the road to greater profitability over the long term, but only when managed correctly.
This course will help you to understand how the effective management and administration of a contract can deliver the goals it set out to achieve. It will help delegates to apply a systematic and logical approach to managing and implementing a contract after it has been signed.
Effective contract management & Administration course will ensure that you and your team(s) are confident of what is required of you, and all parties involved in the contract, to satisfy the legal obligations laid out in the contract whilst minimising risk and delivering a successful outcome every time.
Course Outline
Effective Contract Management
- Company objectives
- Commercial awareness
- Commercial management
- Personal relationships
- Vital skills and expertise
- Deciding the right priorities
Understanding the legal environment
- Basic legal principles
- Risks for a valid contract
- Conditions and warranties
- Making the contract
- Offer and acceptance
- Enquiries and tenders
- Statute law affecting contracts
- Defects, negligence and lateness
