Procurement and Contract Management

Procurement and Contract Management Course Overview

The Procurement and Contract Management course is for Procurement Executives, Business owners and Accountants. The course teaches students two important aspects of any business activity, procurement and developing and managing contracts. The course begins with the definition of common concepts in the discipline. Then we discuss two important cycles:

  1. Procurement Cycle
  2. Purchase-to-Pay (P-2-P) Cycle

We will take a look at how to develop tender documents and how to develop a winning bid. Also, contracts are legally binding documents, therefore, Students will be taught on various aspects of contract management. These include, different types of contract relationships, conditions and terms. Also risks attached to managing contracts will also be discussed. Participants will be engaged through out the course with the use of tasks, discussions and assignments. On completion of the course, you can take any of the professional certifications in this field.

Who Should Attend

  • Experienced individuals who manage procurement and contract activities in diverse fields
  • Working professionals seeking to change career, job or industry to procurement and contract related field
  • Individuals who meets the requirements and intend on starting a career in procurement and contract
  • Mid to senior-level executives in any sector

Aspects of Procurement and Supply

  • What is purchasing?
  • What is Purchasing For?
  • Procurement
  • Making Connections

The Roles and Benefits of Procurement and Supply

  • Typical Roles and Responsibilities
  • What do Purchasers do?
  • Procurement and Profitability

The Sourcing Process

  • Identification of Needs
  • The Sourcing Phase
  • Contract Award
  • Contract Documentation
  • The Post-Award Phase
  • Pre-Award and Post-Award Stages

Tender and Bid Management

  • Understanding the Bid Management Process
  • Knowledge Management for Bid Writers
  • Bid Management Basics
  • Working Out When to Bid
  • Tender Document
  • Important Sections in a Tender Document
  • How to Make your Bid Stand Out
  • Writing a Successful Tender Response
  • Checking and Submitting a Tender Bid

Contractual Agreement for Supply

  • One-off Purchases
  • Standing Offer
  • Blanket Ordering
  • Call-Off Contracts
  • Framework Agreements
  • Services Contracts
  • Hiring and Leasing

Foundation of Contract Performance

  • Elements of a Binding Commercial Agreement
  • Contract Terms
  • Express and Implied Terms
  • Express Terms Relating to Performance of Contract

Managing Non-Performance

  • Performance and Non-performance of Contract
  • Vital and Non-Vital Contract Terms
  • Identifying Non-Conformance
  • Remedies for Breach of Contract
  • Limitation of Liability
  • Termination of Contract

Assessing Contractual Risks

  • Risk Impacting on Relationships
  • Internal and External Risks
  • Legal and Performance-based Risks
  • Reputational and Relationship Risks
  • Information Risks
  • Assessing Contractual Risks

Contract Management

  • The Contract Management Process
  • Planning and Governance of Contract Management
  • Responsibilities of the Contract Manager
  • Contract Administration

Chukwuma Agomo MBA (HR)

Chukwuma Agomo is an educator who takes pride in the profession of teaching. He has over 6 years experience in teaching, a seasoned HR & Logistics and Supply Chain practitioner, he has taken to a job that’s both fulfilling and engaging. In his current role as Head of Training at Piston and Fusion, he has developed course materials and templates for various fields, these include; Human Resource Management, Project Management, Procurement and Supply Chain.

Participants enrolling for this programme will be required to have minimum of 3 years’ professional experience. Participants who meet the programme requirement should pay the course fee and complete the enrollment form 2 weeks before the programme kick off date.

Prospective applicants who do not meet the programme requirement but wants to join the programme should should follow the process detailed below.

Application Process

  1. Start a chat with the online course adviser or complete the application form
  2. Application will be reviewed by programme committee
  3. Application acceptance will be communicated by programme committee
  4. Pay the programme fee after receiving acceptance from the committee
  5. Check your mail for programme schedule and payment confirmation

    Participant’s Experience

    What is included in the Course Programme Pack

    • Practice Manual & Textbook
    • Participants workbook & Exercises
    • Templates for professional practice
    • Local & international case studies
    • Recognized Certification of Completion
    • Branded Personalized programme pack & stationaries
    • Breakfast & Lunch – Buffet Menu
    • 3 Star Accommodation (Optional – Available on Request)

    Kindly note all training materials for the Virtual Online classes will be in electronic formats (PDF & MS Word)

    Procurement and Contract Management Course Fees & Dates for  Upcoming Classroom & Virtual Online In 2021

    Piston and Fusion offer the Course as Classroom in Lagos and Virtual Online Class in other states in Nigeria. See dates and fees for classroom and virtual online class.

    Programme Information

    Course Objective: The Programme focus is to impart the skills to manage procurement and contract processes and use of procurement and contract tools
    Classroom Fee: ₦120,000
    Weekday Date: 25th Oct – 27th Oct 2021 | 3 Days: Mon – Wed | 9am – 4pm
    Weekend Date: Contact Us For Next Schedule
    Location: 122a Obadina Street, Omole Phase 1 Ikeja Lagos
    Virtual Class Fee: ₦100,000 | $300
    Weekday Date: 5th Oct – 7th Oct 2021 | 3 Days: Tue – Thur | 8am – 2pm
    Weekend Date: Contact Us For Next Schedule
    Location: Microsoft Teams | Zoom

    Why Piston & Fusion Ranked Amongst the Best Business Institute In Nigeria?

    • We have trained 6000+ professionals
    • We have over 10 years industry experience
    • Our facilitators are experienced and certified
    • We offer post training career advice and support

    People who enrolled for this course, also enrolled for the following courses

    Facility Management Logistics & Supply Chain Management
    Business process Management Quality Assurance

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    Working hours

    Monday 9:30 am - 6.00 pm
    Tuesday 9:30 am - 6.00 pm
    Wednesday 9:30 am - 6.00 pm
    Thursday 9:30 am - 6.00 pm
    Friday 9:30 am - 5.00 pm
    Saturday Closed
    Sunday Closed