Contract Monitoring And Disbursement Management Course


INTRODUCTION

Contract management is an area shrouded with mystery in procurement and projects. More often than not organizations have to enter into contracts with third parties. In any case contractual arrangement between the organisations on the other hand and third parties such as customers and vendors on the other hand is a permanent feature in many organisations. The contracts are complex with a lot of technicalities. There are many challenges along the way. The successful implementation of the projects and hence the organisations to a large extent is determined not only by the adherence of contract terms, but also on the extent to which the contract risks are managed throughout the contracting process. No doubt understanding and managing technical and delivery risks inherent in a contractual arrangement is important. Contract financial management is critical to the success of any organization and its enhanced effectives permeate the entire organisations. One area that requires management attention is disbursement of funds & other resources. There are many risks, with the dynamic environment, organisations need to have prudent tools and techniques for monitoring disbursements. 

DURATION

5 Days

WHO SHOULD ATTEND?

Managers and officers in projects, business, finance, administration and contracts. Technical staff wishing to have an appreciation for contract management and disbursement monitoring are encouraged to participate.

COURSE OBJECTIVES

At the end of this IRES training seminar, you will learn to:

  • Learn how to identify and mitigate against contract risks;
  • Learn how to negotiate for optimum returns on contractual agreement;
  • Appreciate the importance of contract monitoring and reporting;
  • Learn how to develop a disbursement policy;
  • Learn how to make important disbursement decisions;
  • Appreciate the various methods, tools and techniques for project costs Control;
  • Learn how to mitigate against disbursement risks.

TOPICS TO BE COVERED

  • Fundamentals of contract;             
  • Contracting methods;
  • Contract administration procedures;       
  • Contract risks identification and management;
  • How to identify and mitigate against contract risks;
  • Contract monitoring and reporting;
  • Disbursement policy and development;   
  • Disbursement decisions;
  • Methods, tools and techniques for project cost control
  • Mitigation against disbursement risks.

Enroll for this Course

We are proud to offer this course in a variety of training formats to suit your needs.

IRES

Enroll for In-Person (Face to Face) Class

We use the highest quality learning facilities to make sure your experience is as comfortable as possible.

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IRES

Enroll for a Virtual Zoom Class

Join a scheduled class with a live instructor and other delegates.

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IRES

Enroll for Online Self-paced Class

Keep track of your own progression throughout your course and ensure continuous improvement.

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Benefits of Taking a Course at IRES

LEARN

Our courses are carefully curated to keep you abreast of latest industry trends, technological advancements, and best practices. We employ a variety of teaching methodologies, including hands-on workshops, case studies, and interactive sessions, all aimed at fostering an engaging and effective learning environment. Our expert instructors bring a wealth of knowledge and real-world experience, providing our clients with insights that can be immediately applied in their professional lives.

NETWORK

Our courses serve as a vibrant platform for professionals to connect and engage with a diverse community of peers, industry leaders, and experts. By participating in our programs, you gain access to an invaluable network that spans across various sectors and geographical boundaries. This networking aspect is not just about forming professional relationships; it's about creating a supportive ecosystem where ideas, opportunities, and collaborations can flourish.

GROW

Our courses are designed to challenge and inspire professionals to step out of their comfort zones and explore new horizons. Through a combination of theoretical knowledge and practical application, our programs help professionals refine their existing skills and acquire new ones, making them more versatile and competitive.

FAQs & Course Administration Details:

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on Phone: +254 715 077 817 or Email: [email protected].
The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields. All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.
Upon successful completion of this training, participants will be issued with an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Payment should be transferred to IRES account through bank on or before start of the course. Send proof of payment to [email protected].
Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer. Email: [email protected] Phone: +254 715 077 817.

Who else has taken this course?


# Job Title Organisation Country
1 USAID/OFM Sudan Sudan
2 Engineer Kenya Urban Roads Authority Kenya