WHAT IS COVERED

The Procurement Management Life Cycle

Procurement Planning

Learn the general meaning and purpose of contract administration

Understand how contract administration relates to the Acquisition Cycle

Review the elements needed for a legally valid contract

Make vs. Buy Analysis

Using Expert Judgment

Recognize when a company’s Internal organization limitations affect contract administration activities

Recognize "Pitfalls" from conflicting contracts within the same organization

Awareness of outside regulations and other Laws affecting contracts

Special "Risk" related provisions

Creating a Contract Statement of Work

Determine vendor selection criteria

Creating procurement documents

Vendor Selection Process

Bidding Conferences

Advertising

Expert Judgment

Evaluation Methods

Negotiation Process

Involvement with purchasing and legal

Contract Award

Understand what contract documents buyer will generate to be included in Final Contract

Learn to recognize potential legal pitfalls from failing to organize, prioritize and bind contract parts correctly

Learn how to integrate and prioritize Seller’s input

Learn what approvals, signatures, etc., are necessary to legally bind a party to a contract

Recognize dangers from ineffective approval of contract

Know "Ways" and "Tools" to "Secure" Contract Performance and Compliance

Generate purchase orders

Administering the Contract

Contract Change Control

Recognize Potential Unintended Contract Modifications and How to Avoid Them

Understand-and Deal with-the Consequences for Failing to Monitor and Enforce Performance Deadlines and Quality Standards

Proceed Appropriately When Unanticipated Disputes or Problems Arise

Understand Need to and Benefits of Monitoring Performance

Setting up Payment Systems, Accounts Payable and various payment types

Records Management

Gain awareness of monitoring "Tools"

Contract Closeout

Understand objectives of Contract Closeout

Know and use closeout tools available

Know How to deal with the "Punch List" obstacle to closeout

Understand and effectively eeal with mechanic’s liens, vendor bankruptcy, and return of Confidential or Proprietary documentation and materials

Negotiated settlements

Post-Closeout Concerns

Understand and effectively use audit rights

Recognize need to monitor and enforce warranty rights after closeout

Know when and how to enforce Non-Competition provisions

Know when and how to enforce nondisclosure and confidentiality provisions

Recognize and perfect Intellectual Property Rights (Patents, Copyrights, Etc.)

Know how to use Lessons Learned to improve skills