Contract Management Professionals enforce contracts within the boundaries of legal scrutiny including a techno legal perspective of contracts and rules for negotiating and settling contractual disputes, both during contractual period and legal proceedings. The course is therefore outlined to train them to achieve goals by creating and maintaining strong relationships with suppliers and contractors to draft, evaluate, negotiate and execute contracts, manage record keeping for all contractual correspondences and communicate contract related information to all stakeholders.
Module 1 : Introduction to Contract Management
This unit deals with understanding basic components for successful contracts, commercial relationships and pitfalls to avoid.
Understanding Contract Management
Introduction to RFIs (Request for Information) and RFPs (Request for proposals).
Detailed Project reports (DPRs)-Necessity and Preparation
Fundamentals of Contract- Legal, technical and functional.
Legal Provisions governing contracts.
Module 2 : Principles Of Contract Management
This unit is about understanding attributes of successful contracts. It is also about understanding customers and designing a business case for subsequent delivery and support system around their needs.
Models of Contracting.
Defining objectives of the contract.
Documenting functional requirements of the project
Module 3 : Contract Management : Risk and Mitigation Strategies
This unit introduces the student to contractual risks and its management. Risk management aims at
Identification, assessment and prioritisation that will avoid adverse effects on organisations.
Overview of Risk assessment in CM: Risk Identification
Mitigation Strategies for Risks in Contracting
Understanding conflicting causes in contracts
Strategic and Practical insights in concepts of Contract Management.
Understand components of the contract and process from need analysis to closure.
Understanding contracts implementation and enforcement.
Who Should Attend?
Bachelor of Engineering in Civil / Construction Management
Bachelor of Commerce / Bachelor of Business Administration
Master of Business Administration / Commerce
After completing this course and successfully passing the certification examination, the student will be awarded the “Contract Management” certification.
If a learner chooses not to take up the examination, they will still get a 'Participation Certificate'