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Contract Management

Contract Management

Power Skills | Human Resources

About This Course

It is easy to overlook the importance of contract management because it seems to be a boring, mundane topic. Contracts, however, are the basis of most business relationships. If contracts are managed well, business relationships will flourish. If they are not, companies face financial loss, relationship harm, and damaged reputations. With our course, you will learn the insides and outs of Contract Management. Contracts are made with vendors, employees, customers, and partnerships, and these agreements must be managed carefully. To effectively implement Contract Management it is necessary to understand all the small details, and that is what you get with this workshop. Module One: Getting Started Module Two: Defining Contract Management What is Contract Management? Contract Types Contract Elements Risks of Poor Contract Management Module Three: Legal and Ethical Contract Management Contract Law I Contract Law II Defining Ethical Contract Management Ethical Breaches Module Four: Contract Management Requests Choosing Potential Bidders RFPs and Technology Calculating Value Making a Choice Module Five: How to Create a Contract Templates and Software Compliance Wording Risks of Noncompliance Module Six: Contract Negotiations Be Prepared Prioritize Terms Remain Professional Execute the Contract Module Seven: Assess Performance What Performance Can Be Assessed Creating Metrics Measuring Performance Improving Performance Module Eight: Relationships Qualities of Effective Relationships Relationship Pitfalls Building Trust Maintaining Relationships Module Nine: Amending Contracts Redlines and Strikeouts Replacing Clauses Describing Amendments Amendment Status Module Ten: Conducting Audits Why Audit? Plan Establishing Procedures Investigate and Report Module Eleven: Renewing Contracts Involve Stakeholders Review Check for Accuracy and Changes Update or Cancel Module Twelve: Wrapping Up Duration: 1-2 day in-house workshop with an expert trainer, dependent on your needs (in-person or online)

Policies

Quotations: Quotes are valid for 30 days only. Payments: Payments are due within 30 days from the invoice date if you have an approved account with ht+a, alternately according to any written agreement between ht+a and the Customer, failing which payment is due immediately upon receipt of the invoice. Confirmation: Delegate placements on public courses or scheduling of in-house courses will only be confirmed once payment, an approved purchase order or a signed quotation/agreement is received. All Events: It is the customer's responsibility to ensure they have a stable and active internet connection with suitable equipment (computer or smartphone) to join video calls (where applicable) and access course materials and tests. ht+a's sustainability policy includes not providing printed course materials, including for in-person events, however, customers may choose to print their course materials if desired. In-Person Public Events: The course fee includes the event venue, coffee, refreshments, and lunch. It does not include hotel rooms or travel expenses. ht+a will share the discounted group rate for hotel accommodation with you when available and recommends booking between 2 and 3 weeks prior to each event for rates and flexibility. ht+a is not liable for travel expense losses due to cancellation by either party, weather, flight delays, or other unforeseen circumstances. In-Person In-House Events: Pricing assumes the training will take place at the client's location and ht+a will not provide any catering. The Client will ensure that the training room will be equipped with all necessary tools including flip charts, markers, video projectors/screens, and appropriate furnishings. Publications: The price for certain courses includes the official VDA QMC publication and shipping thereof. Please note that additional local customs or delivery fees are for the customer's account and ht+a will not be responsible for these fees. Certificates: Certificates for VDA QMC courses will only be issued once full payment is received. Certificates for ht+a courses will be automatically issued upon completion of course requirements.

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