About this course
This session focuses on managing procurement contracts throughout their life cycle, from drafting and negotiation to performance monitoring and dispute resolution.Participants will explore contract types, including fixed-price and cost-reimbursable contracts, and learn how to select the right model based on procurement objectives. They will gain hands-on experience in contract negotiation, ensuring that agreements provide value and minimize risk.
What you will learn
By the end of this course, you will be able to implement a successful strategy that enables you to:
- Understand the full contract life cycle and its impact on procurement efficiency.
- Identify and apply the appropriate contract type based on procurement needs and risk considerations.
- Develop negotiation strategies to secure favorable contract terms and resolve disputes effectively.
- Implement supplier performance monitoring tools and evaluation frameworks.
- Utilise procurement KPIs to drive continuous improvement and enhance contract outcomes.