Best Practices in Contract Development and Management

Course Description

High quality contract development and management tools are essential activities in achieving improved levels of performance for all Procurement and Supply Management practitioners. Providing robust contracts and process oversight for your organization is critical for success in the Procurement and Supply Management profession.

Experienced professionals involved in supplier bidding, supplier selection, and contract preparation activities usually have a good understanding of key contractual terms applicable and the appropriate contract type needed for the job. Therefore, this program is designed to increase the contracting preparation and execution competencies of practitioners focusing on contractual terms, types, and structure.

All in all, Best Practices in Contract Development and Management will better prepare practitioners for driving cost savings and mitigating supplier risk through contracting activity. This course is perfect for practitioners responsible for acquisition of materials, labor, equipment and/or professional services.

Course ID: LOG 3300P
Course Format: Classroom

Available Classroom Sections

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CRN Start date End date Format Location Cost
16773 Nov 7, 2016 Nov 7, 2016 Classroom Pooler, GA $950

Special Discount

There are discounts available for this course. Please use one of the coupon codes below at checkout. Note: Only one coupon code can be used per shopping cart.

Alumni:  If you are a returning student of the Supply Chain & Logistics Institute (SCL) courses or you are an alumni of the GT EMIL or MSSCE programs, you can receive 10% off of any LOG course – Use coupon code SCL-Alum

Member Organization: Members of certain organizations can receive 10% off of any LOG course (for information on member organizations visit: www.scl.gatech.edu/orgdiscount) – Use coupon code SCL-Org

Certificate Participants: To receive a certificate course price of 15% off per course, you must enroll and pay for all courses required to earn a certificate – Use coupon code SCL-015x

Who Should Attend

Category management and strategic sourcing professionals, business unit manager, procurement and purchasing professionals and supply chain management professionals

How You Will Benefit

  • Understand the key aspects of the contracting process and be able to manage contract documents
  • Learn the essential elements of a contract and the key forms of contracts used in procurement
  • Understand commercial risks associated with the bidding and contracting process
  • Learn the key standard contact terms and conditions
  • Be exposed to the key contracting strategies
  • Understand the types, and importance of, commercial contract clauses
  • Understand basic principles in contract formation
  • Understand contracting controls and management
  • Be exposed to the various legal aspects of contracting
  • Appreciate the advantages and disadvantages of using short-term and longer term contracts
  • Understand the requirements for and process of incorporating and managing risk in contracting including how to transfer risk through the use of various contract types
  • Understand the requirements for and process of incorporating and managing risk in contracting including how to transfer risk through the use of various contract types
  • Understand contract development and management best practices

Content

  • Understanding of Contract Law and Legal Aspects
  • Common Agreement Types
  • Contract Framework and Terminology
  • Managing Risk
  • Contract Structure and Development
  • Contract Award Preparation and Management
  • Supplier Selection Overview
  • Performance Monitoring

For Course-Related Questions

Please contact the course administrator: Tim Brown