Contract management and contract administration are both integral parts of a contracting professional’s responsibilities. Contract management focuses more on the internal support systems and strategies that must be in place for the full contract life-cycle to effectively ensure business certainty in every contract agreement.
This 5-session class will provide a detailed study of the proper scope and effective implementation of contract management infrastructure and activities.
- Managing multiple contracts with appropriate scope and integration of strategic planning, strategic decision-making, and relationship management.
- Organizing comprehensive systems that facilitate and provide efficiencies in strategic planning, risk management, and both internal and external communication.
- Developing and maintaining infrastructure capabilities such as negotiation, drafting, pricing, file management, performance monitoring, and relationship nurturing.
- Ensuring that both parties have the same understanding of the contract intent and fulfill their obligations to achieve the contract’s objectives, sometimes involving organizational realignment.
- Having an informal dispute resolution system.
- Understanding and managing the contracting “tree” across multiple subcontracts, companion prime contracts, overlapping efficiencies (or competition for resources), and fulfillment of high-level company or agency objectives.
Join us as we explore the contract management side of outstanding value creation.
Instructor: Tom Reid, Certified Contracting Solutions