Contract Management Principles and Practices

In this course, you will learn how to manage all aspects of project procurement effectively. You will discover the logic behind contracting principles and practices, and you’ll learn the terms, techniques, and tools of converting project needs into outsourced goods and services. You will learn to ensure successful procurements by gaining an understanding of the roles, responsibilities, and expectations of the internal and external stakeholders involved in the procurement chain.

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Contract Management Principles and Practices Overview

Contract management Course at JK Michaels will reveal the best practices of contract management, which when applied effectively ,can ensure project success, speed performance, and reduce risks and costs along the way. Discover the keys to contracting from your perspective in this practical course. Get an overview of all phases of contracting, from requirements development to close-out. See how incentive can be used to improve contract results. Contract administration is a broad term used to describe management of the parties’ responsibilities in delivering contracts. At the core of each responsibility is the contract.Read More

Contract Management Principles and Practices Key Features

Benefits

KEY FEATURES

KEY FEATURES

PERSONAL IMPACT

ORGANIZATIONAL IMPACT

Course Outlines

  • Contract management principles
  • Pre-award, award and post-award considerations of contract management from both buyers’ and sellers’ perspectives
  • Detailing the role of the contract manager
  • Understanding where contract management fits with the broader organizational goals
  • Strategic considerations behind contract management
  • The Contract-A Management Perspectives
  • Understanding quoting and tendering to ensure proper process is maintained
  • Pre-contractual negotiations – How to use them to ensure your desired risk transfer is achieved
  • Contract formation – Various approaches and what to be careful of
  • Documentation – Understanding the purpose and importance of various documents that make up a typical set of contract documents
  • Contractual interpretation – How to use it to inform sensible contract management decisions
  • Contract Planning and Risk Management
  • Overview of the claims process
  • Key considerations in valuing claims
  • The contract administrator’s relationships and responsibilities, and those of the project manager
  • The administrators role and limits of authority
  • Examining other roles in the contract management network and their associated limits of authority/decision making power (contracts manager, superintendent, project manager, project director, development manager, functional manager etc.)
  • The interpersonal communication to make contracts happen
  • Ethics in contract management – Are contractual obligations and ethics the same thing?
  • The interface between contract administration and project management
  • The importance of effective systems for the administration of contracts
  • Establishing timelines, lookups and prompts
  • Contract compliance: monitoring, reporting and adherence to standards
  • Document control and milestone planning
  • Developing communication systems within the contract delivery hierarchy
  • Understanding how effective contract specific communication can
    facilitate optimum contract delivery and administration outcomes
  • Pre award conferences, the benefits and disadvantages
  • Pre contract conferences – Their value and how to run them effectively
  • Delegating effectively
  • Dispute avoidance and resolution-contractual principles and practical procedures
  • Claims, Variations, Disagreements and Disputes

Course Schedules

Course Name
Duration
Course Date
Location
Delivery Method
Course Fee
REGISTER

CONTRACT MGT PRINCIPLES AND PRACTICES

3 DAYS

JANUARY 19TH-21ST

IKEJA WEEKEND

CLASSROOM/VIRTUAL

N180,000

ENROLL NOW

CONTRACT MGT PRINCIPLES AND PRACTICES

3 DAYS

MARCH 2ND-4TH

IKEJA WEEKEND

CLASSSROOM/VIRTUAL

N180,000

ENROLL NOW

CONTRACT MGT PRINCIPLES AND PRACTICES

3 DAYS

MAY 11TH-13TH

IKEJA WEEKEND

CLASSROOM/VIRTUAL

N180,000

ENROLL NOW

CONTRACT MGT PRINCIPLES AND PRACTICES

3 DAYS

 AUGUST 24TH-26TH

IKEJA WEEKEND

CLASSROOM/VIRTUAL

N180,000

ENROLL NOW

CONTRACT MGT PRINCIPLES AND PRACTICES

3 DAYS

OCTOBER 12TH-14TH

IKEJA WEEKEND

CLASSROOM/VIRTUAL

N180,000

ENROLL NOW

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Training Options

Classroom Trainings

N180,000

  • Interactive,excitingly serious action oriented learning methodology
  • Classroom training by top instructors and practitioners

Live Online Virtual Training

N170,000

  • 90 days of flexible access to online classes
  • Live, online classroom training by top instructors and practitioners

Corporate Trainings

Customized to your team learning needs and organizational goals

  • Customized learning delivery model (digital material and/or instructor-led)
  • Flexible pricing options
  • Enterprise grade Learning Management System (LMS)
  • Enterprise dashboards for individuals and teams
  • 24×7 learner assistance and support

See WHAT OUR CUSTOMER SAYS

Testimonials

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Download the JK Michaels Contract Management Principles nd Practices FREE Self Improvement Template and eBook.

LOGISTICS AND SUPPLY CHAIN Training.

Examination and Certification

Who should attend

  • Procurement Officers
  • Contract Engineers
  • Contract Analysts and Administrators
  • Other Contracts and Procurement professionals
  • Supply Chain Management team members involved in the preparation and evaluation of bids and tenders, and the management of works construction, the supply of equipment and materials, or in the delivery of services
  • This practical introductory course is relevant for those involved with any aspect of the management or administration of contracts, including developing or evaluating contracts, and performing day-to-day contract administration, or interacting directly with those who do – in any industry sector.
  • Project Management Fundamentals
  • IT Project Management
  •  Certificate of Completion will be awarded to delegates who attend and complete the training course

This course qualifies you for the following PMI® Professional Development Units (PDUs):

Leadership = 7
Strategic and Business Management = 7
Technical Project Management = 7
Total = 21

Why JK Michaels

You will gain practical,useful and impactful skills from our experienced faculties.

CONSULTANTS: Our consultants are Practical, Professional,Experienced, Licensed & Effective personnel with minimum experience of over 25years.
CONSULTANT RATING: 96% of our training consultants scored A+ rating from our customers in 2020

JK Michaels joins the prestigious group of organizations approved by Project management institute USA,American Academy of Project Management (USA),Scrum Study institute USA, to provide world class Effective project management training; After a rigorous audit of our curriculum design, delivery, facilitators, and content of our courses.

We are also accredited by government as a management training and consulting firm.In addition to other international institutes including :International institute of Business analysis(IIBA);(APMG)Association of Project Management Group;International institute of Six Sigma Certification;Peoplecert,Clover Health and Safety,Nebosh,Pregen Business School Atlanta,Simplilearn;International institute of Supply Chain Management (UK).
JK Michaels is in alignment with International Standard in Quality and Safety

We are committed on delivering on our customers trust.

CUSTOMER RATING: 95% of our customers rated JK Michaels program excellent and of great value compared to what they pay.
REFERRALS: 95% of our business comes from referrals.
TRUST: Our customer retention rate is 95%.
TRACK RECORD: In year 2019, 96.4% of our customers rated JK Michaels as EXCELLENT.

Excitingly different, action learning system focused on improving talents & impacting bottom-line results.

JK MICHAELS LEARNING SYSTEM™ : Practical Action Learning + fun + intellectual intensity = Uncommon Performance
JK MICHAELS CONSULTING SYSTEM™ : Excellent project +process +People + Technology = Uncommon Performance .
CONDUCIVE LEARNING ENVIRONMENT: 99% of our customers rate our facility conducive serene and secure with unmatched technology, gourmet lunch, free refreshment, and WIFI.

After undergoing our training, our customers reported a minimum of 35% boost in their productivity,70% of them get promoted to a higher level at work, 98.5 % pass professional exam at their first sitting and 100% get to network and share experience with employers and top management.

We promise to support you until you succeed.

COURTESY: You are assured of a courteous and friendly customer service that will work with you until you succeed.
RESPONSIVENESS: We guarantee that your enquiries will be responded to, in three minutes.

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