Contract Administration & Management Process
Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees. The personnel involved in contract administration required to negotiate, support and manage effective contracts are often expensive to train and retain. Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution. <br> This course will teach learners the process of systematically and efficiently managing contract creation, execution, and analysis for the purpose of maximizing financial and operational performance and minimizing risk.
In the first webinar of the series, The Art of Successful Contract Management, our subject matter expert discusses: contractor performance, expectations vs reality; what contract management entails and its benefits.
In the second part, you will learn the how-to's of setting up a successful contract; including: what a successful contract looks like and what to look out for during the sourcing process.
