[100% Off] Contract Management: Complete Guide From Basics To Advanced
Learn contract drafting, negotiation, sourcing, KPIs, risk, compliance, dispute handling, and full contract lifecycle.
What you’ll learn
- Understand the foundations of contract management
- including key concepts
- contract types
- and the complete contract lifecycle.
- Learn the essential elements of a valid contract such as offer
- acceptance
- consideration
- legality
- and contractual capacity.
- Gain knowledge of contract law principles
- breach of contract
- remedies
- and international contract frameworks.
- Understand ethical practices and compliance requirements
- including anti corruption
- data privacy
- and organizational policies.
- Develop skills for the Pre-contract phase
- including needs analysis
- requirements definition
- sourcing
- and supplier selection.
- Learn how to prepare RFIs
- RFPs
- and RFQs
- manage proposals
- evaluate bids
- and conduct due diligence.
- Master negotiation strategies
- communication skills
- and methods for reaching win-win agreements.
- Learn effective contract drafting and review techniques
- including the use of templates
- clause writing
- and risk mitigation.
- Understand post-contract administration
- including performance monitoring
- KPIs
- SLAs
- change management
- compliance
- payments
- and dispute resolution.
- Develop skills for contract closure
- auditing
- and continuous improvement
- and learn advanced topics like CLM software
- strategic contracting.
Requirements
- No prior contract management experience is required
Description
This course gives you a complete and practical understanding of Contract Management, starting from the basics and moving all the way to advanced concepts. You will learn how contracts are created, managed, monitored, and closed in real projects. The course covers every stage of the contract life cycle, including planning, drafting, negotiation, performance management, change control, risk management, compliance, payments, disputes, and contract closure.
You will understand the key elements of a valid contract, important legal concepts, common contract types, and essential clauses used in business, construction, IT, procurement, and service contracts. The course also explains ethical practices, anti-corruption rules, data privacy, and international considerations.
In the Pre-contract phase, you will learn how to identify requirements, prepare RFIs and RFPs, evaluate proposals, conduct due diligence, and negotiate effectively. You will also learn how to draft clear contract clauses and review contract documents to avoid risks.
In the Post-contract phase, you will learn how to manage performance using KPIs and SLAs, handle changes and variations, maintain supplier relationships, ensure compliance, process payments, manage risks, and resolve disputes through negotiation, mediation, arbitration, or legal action.
The course also covers contract closure, auditing, lessons learned, and continuous improvement. In the advanced section, you will explore strategic contracting, international contracting, sector specific considerations, Performance Based Contracting (PBC), outsourcing agreements, sustainability, and the use of Contract Life cycle Management (CLM) software.
This course includes practical examples, templates, case studies, real-life scenarios, and step-by-step explanations to help you understand and apply contract management in your professional work.
By the end of the course, you will be able to confidently manage contracts in any industry and support your organisation in achieving better performance, lower risks, and successful project outcomes.
