Procurement & Supplier Contract Management

All businesses depend on third party expertise, so contract management skills are critically important to avoid failures in the procurement process.

If contractual risks are not identified and managed, contract failure can cost millions of pounds in compensation and damage to a business reputation. We explain how this can be prevented.

We turn theory into practice using interactive exercises and case studies as you explore what contract management is and how to use it within a business. You will learn the legal manager’s roles and responsibilities and how to manage relationships with suppliers and stakeholders to get the best results for your business.

This course is open to everyone involved in selecting and working with external suppliers. It will benefit procurement, purchasing teams, project managers, buyers, commercial, contract managers, auditors and supply chain professionals.

6 Modules on Procurement & Supplier Contract Management
Including interactive videos, questions and answers and exercises

Module 1. Preparing outsourcing and engagement with third parties

• Defining requirements and specifications
• Assessment criteria and incentives
• Non-disclosure Agreements (NDA) confidentiality
• Legal requirements and legislation in outsourcing
• Preparation for fast contracting
• Analysis of cost and price

Module 2. Sourcing and supplier selection stages

• Defining spend categories
• Supplier sourcing – single or multiple source
• Total cost of ownership

Module 3. Pre-tender preparation

• Creation of legal terms and Contract law
• International law
• The 5 rights of procurement

Module 4. Managing the supplier

• Total contractor failure – bonds and guarantees
• Force majeure
• Fraud
• Insurance
• Major incidents – preventing reputational damage

Module 5. Contract award stage

• Model form contracts NEC3
• Core clauses, liabilities and exclusions
• Indemnities

This course will: