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.
METHODOLOGY
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.
ACCREDITATION
Upon successful completion of this training, participants will be issued with an Indepth Research Services (IRES) certificate certified by the National Industrial Training Authority (NITA).
TRAINING VENUE
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments and lunch.
All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.
ACCOMMODATION AND AIRPORT PICKUP
Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer.
Email:[email protected]/[email protected]
Mob: +254 715 077 817/+250789621067
TAILOR- MADE
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 Tel: +254 715 077 817/+250789621067
Mob: +254 792516000, +254 792516010 , +250 789621067 ,or mail [email protected]/[email protected]
PAYMENT
Payment should be transferred to IRES account through bank on or before start of the course.
Send proof of payment to [email protected]/[email protected]
Intermediate
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Kenya
Rwanda
