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

Introduction

Contract Law
The procurement process

Planning Procurements

WBS
Make-or-buy
Contract breakdown structure
Procurement schedule
Source selection
Procurement statement of work
Bid documents
Contract types
Procurement management plan

Conducting Procurements

Should seller respond
Buyer/Seller communications
Sourcing sellers
Seller Selection
Award contract

Controlling Procurements

Due diligence
Post-award
Contractual risks
Documentation guidelines
Change management
Recovery of delay
Cost and schedule control
Quality
Conflict
Dispute resolution

Closing Procurements

Termination
Handover
Closeout

TESTIMONIALS

"A lot of info about contracts from start to finish."

B. Coulson

Mech. Supervisor, OPG
"A fresh perspective and a look at the real world."

Zach Wood-Seems

Asst Plant Officer, OPG

COURSE INFO

Course ID: 1706

Course Level: Beginner

Duration: 2 days

UPCOMING SESSIONS

Sessions not found.