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Secure Transaction CPE Credits
6 Credits: Production
Course Level
Overview
Format
Self-Study
Course Description
A business that employs effective contract managers is more likely to be profitable, because they can minimize contract costs and ensure that deliverables are completed on time. In the Contract Management course, we explore all aspects of the contract management job, including contract law, contract terms, contracting risks, and how to issue a well-written request for proposals. The course also addresses how to monitor contractor performance, inspect deliverables, and close out projects, along with several related topics.
Learning Objectives
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.
Course Specifics
SS624367121
September 26, 2024
There are no prerequisites.
None
131
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …
QAS Self-Study
