Contract Management-Commercial Contracts Management Certification Course from American Certification Institute ACI and International Purchasing and Supply. American Certification Institute ACI and International Purchasing and Supply Chain Management Institute, USA is an instant passport to a rewarding career, World-wide. Get ACI/IPSCMI Certified and the world can be yours! Are you Ready?
ACI/IPSCMI will familiarize you with the international standards in business. The demand of expertise and professional business personnel is increasing day-by-day, so what is your ranking today?
As Commercial contracts continue to be the foundation of business relationships, organizations need to implement effective Commercial contracts management practices to avoid risk and achieve optimal outcomes. This certification course provides you with the knowledge and skills to successfully manage and execute the contracting process. Throughout the course, you learn how to implement the contract life cycle and avoid common pitfalls.
Apply effective contracting strategies and techniques to maximize results and minimize risk
Manage an effective Commercial contracts life cycle
Identify strategies and tactics to select the most qualified vendors
Orchestrate the negotiation process for “win-win” outcomes
Employ best practices for contracts administration and execution
Ensure delivery of intended objectives and successful contract closure
Project managers, Legal Practitioners, Financial Auditors, Administrative professionals, Operations Managers, contract managers and other professionals involved or intending to having a career in the Commercial contracts management life cycle.
This course benefits all stakeholders involved in the buying and selling roles.
The basis of contract around the world
Contract formation
Contract formalities
Authority to contract
The Board of tender (BOD)
Elements of stakeholders Management
Stakeholders Analysis
Stakeholders Planning
Stakeholders Priotization techniques
What exactly is the Supply Chain Management?
How the Supply Chain Works
The logistics of Contract in the Chain
The buyer’s influence on the Supply Chain
Common mistakes in Contract Management and solutions
Contract Creation and the entire procedure involved
competitive tendering/Contracts Drafting
Dealing with challenges
Single/Sole sourcing
Framework Agreements
Negotiated contracts
Different contract types
Traditional
More innovative
Selecting the right one for the project
Using standard forms of contracts (Company and International)
Letters of intent
Letters of Award
Conditions precedent
Conditions Subsequent
Bonds
Guarantees
Insurance Arrangements
Clarity of language
Issues with translations
Issues with translations
Interpretation of Critical contract clauses
Health Safety and the environment
Standard of work/products/service
Change to the scope of work
Indemnities
Insurance
Liquidated damages
Penalties
Force Majure
Limitation of liability
Warranty and guarantee periods
Termination
Entire Agreement
Notices
Contract Management Planning
Strategic Alignment for the Contract Manager
The Work Structure of Contract Management
Contract Planning work conversion method
Implementation technique
Budget Forecasting
Budget development structuring
Contract Master Budgeting
Contract Financial Performance management
Contract Risk Auditing
Contract Risk Priotization and Categorization
Types of contracts and implementation techniques
Contract strategies and techniques
Using the difference in real life situations
Vendor Administration
Strategic Supplier work Shop development
Introduction to Electronic Contracts
Supplier Management Integration system
Enterprise Resource Planners Vs. Contract
DURATION |
3 (three) days |
METHODOLOGY |
Lectures
Discussions Individual and group exercises Case studies Activities |