Contract Management

Upon successful completion of this course, participants will be able to:

• Identify the elements of a contract.
• Specify when an offer has been accepted.
• Describe what is required to prove that there is fraud in a contract.
• Identify what to do when there is a mistake in a contract.
• Specify the conditions that establish an unconscionable contract.
• Identify the parameters of a written contract.
• Recall the legalities of contractual rights that have been assigned.
• Specify the purpose of a dispute resolution clause in a contract.
• Specify the different types of force majeure events.
• Specify how to improve the performance of the different types of contracts.
• Recall those contracting actions that apply to longer-term contracts.
• Recall the different types of contracting risks, and how to reduce them.
• Specify who is involved in the creation of a request for proposals.
• Identify the circumstances under which a sole sourcing arrangement should be used.
• Recall the characteristics of a reverse auction.
• Recall the types of clauses that can be inserted into a contract with a supplier.
• Specify when a table of conformance is used in the bidding process.
• Identify the steps involved in a formal bidding process.
• Recall the responsibilities of the review teams involved in examining bidder proposals.
• Specify the indicators of a weak project scope of work.
• Identify the activities associated with deployment planning.
• Recall the reasons why change orders are used, and their impact on a contract.
• Specify the parties that may be involved in deliverable inspections, and the impact of their work on the seller.
• Identify the retention periods for the various documents used by a contract manager’s team.
• Recall the characteristics of a warranty, and the different types of warranties.