Learn & implement the modern Contracts Management and Contracts Administration strategies that can save your company millions
The overall aim of this Contracts Management course in Riyadh is to provide participants with the knowledge, skills and tools required to manage contracts from inception to closure. Participants in this interactive course will learn about the activities conducted in each phase of the life cycle of a contract, methodologies used to manage each one of these activities and the best practices used in contract management. The course will cover critical areas such as contract preparation, contract award, and contract administration.
Course Objectives
By the end of the course, participants will be able to:
- Identify principles, definitions and major steps involved in the contracting process
- Outline all contract preparation activities including planning, developing scope of work and identifying sourcing options
- Recognize different types of contracts and the effect of each type on the risk allocation strategy
- Develop criteria to invite, receive and evaluate bids
- Apply contract administration tools and techniques to effectively manage the contract and avoid disputes during implementation
- Resolve disputes collaboratively and amicably and outline alternative dispute resolution methods
The Role of Commercial Contract Managers
As mentioned earlier, commercial contracts management involves establishing deals between firms. This encompasses several stages – from the initial proposal submission, to the terms agreement transaction, to renovation or termination of the expired contract. Professional contract managers also elucidate, implement and direct existing contracts.
The Benefits of Contracts Management Certification in Riyadh
The Certified International Commercial Contracts Manager (CICCM) tag imparts the candidate with a higher professional status. The training provided for this certification helps you develop and refine contract -making and -managing skills in the international commercial environment. It also equips you with the know-how of the execution of contract life cycle and the avoidance of usual pitfalls. Thus, the CICCM program empowers you to enter a managerial position in any one of the diverse sectors of international economy.
Contracts Management Course Outline:
- Contract administration concepts
- Different contract types and their effects on administration
- Expediting procedures
- Work control procedures
- Compliance procedures
- How to administer contracts which will require use of buyer-provided property
- Financial responsibility procedures
- Contract financing and payments
- Administrative responsibilities
- Claim avoidance and processing
- Procedures for termination of contracts
- Dispute resolution procedures
- Procedures for closeout of contracts
- Supplier management concepts
Download CICCM Course Brochure for more details
Program Director:
Dr. Sathya Menon is a trailblazer in procurement, logistics and supply chain education in the Middle East. He has 25+ years of experience (including consulting and training) in the field of Logistics, Supply Chain Management and Purchasing. He has worked with various MNCs like Ericsson, Compaq and large conglomerates like Samtel, Al Futtaim helping them to expand their Supply Chain operations. He have trained more than 25,000 professionals in the field of Logistics, Procurement and Supply Chain.
Qualifications
- PhD in Logistics and Supply Chain Management
- MBA in Supply Chain Management
- MBA in Materials Management
- MCIPS from Chartered Institute of Purchasing and Supply (CIPS), UK
- CMILT – Chartered Member of the Institute of Logistics and Transportation (UK)
- Certified SAP Consultant for Supply Chain Management from SAP, Germany
- FCMI from Chartered Management Institute (CMI), UK
- Certified Purchase Manager (CPM) from Institute of Supply Chain Management (ISM) , USA
- Certified International Supply Chain Manager (CISCM) from International Purchasing and Supply Chain Management Institute (IPSCMI), USA
- Certified International Commercial Contracts Manager (CICCM) from from International Purchasing and Supply Chain Management Institute (IPSCMI), USA
- Certified International Professional Training Consultant (CIPTC) from American Certification Institute (ACI), USA
- Certified Professional Purchasing Manager (CPPM) from American Purchasing Society (APS), USA
- Certified Purchasing Professional (CPP) from American Purchasing Society