What you will learn?
Explain the concept of contract management and its importance in organizational governance and risk management.
Differentiate between various contract types (e.g., sales contracts, service contracts, procurement contracts) and understand the essential elements that constitute a valid contract.
Discuss key principles of contract law relevant to contract management, and identify ethical guidelines and practices to ensure compliance and integrity.
Evaluate the process of choosing potential bidders, draft effective Requests for Proposals (RFPs), calculate proposal value, and make informed decisions based on objective criteria.
Target Audience
This course is designed for professionals involved in procurement, contract administration, legal departments, project management, and anyone responsible for managing contracts within organizations.
It is also suitable for individuals seeking to enhance their understanding of contract management principles and practices to advance their careers in related fields.
About this course
Upon successful completion of the course and assessment criteria, participants will receive a certificate of completion recognizing their understanding and competency in contract management practices.
This course aims to empower participants with the knowledge and skills necessary to navigate the complexities of contract management effectively, ensuring organizational success through sound contractual practices and ethical conduct.
Requirements
There are no specific prerequisites for this course, although a basic understanding of business principles and legal concepts would be beneficial.
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