Maximizing Compliance, Performance And Value In Contract/Agreement Administration

Objective:                                                                                                 

The Executive Course on Best Practices in Contract Administration aims to equip participants with comprehensive knowledge and practical skills to effectively manage contracts throughout their lifecycle. Participants will gain a deeper understanding of contract creation, execution, monitoring, risk management, and termination/renewal processes, enabling them to optimize contract outcomes and minimize potential risks.

Target Audience:

This Executive Course is suitable for professionals involved in trade facilitation, trade related sectors, Contract/Agreement management, procurement, legal departments, project management, vendor management and anyone responsible for overseeing business agreements.

Course Outline:

1. Introduction to Contract Administration:
   • Definition and importance of contract management.
   • Understanding different types of contracts and their applications.
   • Key stakeholders and their roles in the contract management process.

2. Contract Creation and Negotiation:
   • Preparing clear and comprehensive contracts.
   • Essential components of a well-drafted contract.
   • Best practices for contract negotiation and achieving win-win outcomes.

3. Contract Execution and Performance Monitoring:
   • Implementing contracts effectively.
   • Establishing key performance indicators (KPIs) and monitoring progress.
   • Identifying and addressing potential performance issues.

4. Risk Management in Contracts:
   • Identifying common contractual risks and challenges.
   • Mitigating risks through effective contract language and clauses.
   • Strategies for handling contract disputes and conflicts.

5. Change Management and Amendments:
   • Understanding the need for contract amendments.
   • Proper documentation and communication during contract changes.
   • Ensuring compliance during contract modifications.

6. Leveraging Technology for Contract Management:
   • Introduction to contract management software and tools.
   • Integrating technology for streamlined contract administration.
   • Best practices for choosing and implementing contract management solutions.

7. Contract Renewal and Termination:
   • Evaluating contract performance for renewal decisions.
   • Preparing for contract termination and exit strategies.
   • Renewal negotiation and ensuring a smooth transition.

8. International Trade Contracts
   • Unique considerations and challenges when dealing with contracts across international borders.

9. Dispute Resolution:
   • Strategies for resolving contract-related disputes and disagreements.
   • Alternative dispute resolution methods, such as mediation and arbitration.

10. Case Studies and Practical Examples:
    • Real-world scenarios and case studies illustrating contract administration challenges and solutions.

Takeaways:

Upon completion of the Workshop, participants will have gained the following:

• A comprehensive understanding of contract management principles and best practices.
• Practical skills in contract drafting, negotiation, and execution.
• Proficiency in identifying and mitigating risks associated with contracts.
• Knowledge of contract management technology and its application.
• Strategies for effective contract renewal and termination.

Our Methodology:

Our programs are conducted through a mix of interactive workshops, combining instructor-led sessions, group activities, real-life case studies and group discussions. Participants will be encouraged to share their experiences and challenges, allowing for a practical learning environment.

ADMINISTRATIVE DETAILS

In determing our fees, attention is paid to the time investment for the bespoke planning, design, development and delivery of  our solutions.

• Program Duration/Date: The program will span over a period of Five (5) days; begining on 18^th until 22^nd September, 2023
• Program Location: Nairobi, Kenya. Venue information will be communicated to paid participants.

OUR CONTACT INFORMATION

All enquiries and correspondences should be forwarded to:-

ESAMI- Trade Policy Training Centre in Africa (Trapca)
Trapca House – Esami Road,
P.O. Box 3030 – Arusha, Tanzania
Website: https://www.trapca.org/