Contract Management Fundamentals

Contract management has become an essential management skill in today’s trend of outsourcing. This two-day course will teach procurement practices, the bid process, contract negotiations, managing contractors and vendors for optimum performance and a taste of Canadian contract law. It will also offer insight into the role of the procurement officer or buyer on a project team.

Learning Objectives

Participants will gain practical skills to:

• Use proven techniques, tools, and skills for managing contracting and procurements on projects
• Know how to plan and control the procurement management scope of work
• Understand and use procurement management terminology
• Define the work required to manage a specific contract
• Make a plan for administering the contract and managing the seller
• Establish a professional relationship with a seller
• Value the importance of knowing the contractual requirements
• Anticipate impact of procurement management upon other aspects of project management
• Work within the requirements of a buyer’s contracting procedures.

Who Should Attend

New procurement team members, managers, project managers, and others wanting a better understanding of the procurement and vendor management process.

Prerequisite

None

Materials

You will receive a course binder containing copies of presentation slides, case studies, exercises, and suggested solutions.

What You Will Learn