On Demand: Effective Contract Formation
Course

On Demand: Effective Contract Formation

  • Instructor: Online Learning
    Online Learning
    Phone: 800-367-6447Fax: 703-736-9644
    Online, self paced learning, anytime, anywhere you want. Be sure to check out all the ONLINE offerings we have! Recommendations? Comments? Please send us an email at the address listed above. We'd love to hear from you!
  • Level: Foundation
  • Format: On Demand
  • Contact Hours: 4
  • CEUs: 0.4

Procurement entities form contracts for products or services, in order to ensure that purchases achieve the desired results. Contract formation is a series of pre-award procurement steps that result in a legally-binding contract between an entity and a supplier.

Contract formation is the most important phase of contract administration, as it ultimately determines the success of a contract. Procurement officials need to understand how to prevent risks and retain the ability to mitigate issues after the contract is executed.

This course covers all contract administration activities that occur prior to the award of the contract.

Pricing:
PriceCostBeginsEnds
Online: Effective Contract Formation (Member Rate) $100.00 12/31/2054
Online: Effective Contract Formation (Non-Member Rate) $150.00 12/31/2054
Online: Effective Contract Formation (Member Rate) $100.00
Online: Effective Contract Formation (Non-Member Rate) $150.00

Objectives

Upon successful completion of this course, participants will be able to:

  • Identify the parts of a contract.
  • Clarify ambiguous contract language.
  • Determine appropriate specification type for a project.
  • Identify the roles and responsibilities of contract administration team members.
  • Identify appropriate contract vehicles and deliverables.
  • Prepare implementation and payment milestones plans.
  • Determine inclusion of appropriate contract clauses for inspections, reporting, and remedies.
  • Identify the entity’s rights to rejections, damages and contract termination.
  • Identify contract risks.
  • Choose the appropriate contract clauses for a given situation.
  • Prepare a contract administration plan.
  • Establish a performance assessment plan.

Intended Audience

This offering is targeted to individuals who meet or exceed the following professional demographics:  

  • Entry-level public procurement and central warehouse professionals who serve as assistants, coordinators, buyers, or equivalent functions within their respective entities.   

  • Non-procurement managers and supervisors who are responsible for either the procurement function or staff who provide procurement functions under delegated authority.   

  • Professionals who are employed by governing entities and special authorities (such as K-12 and higher education, publicly-owned utilities, transportation providers, and other publicly-funded or created organizations) that either serve within or manage the procurement function.  

  • Suppliers or representatives of suppliers seeking to understand the public procurement function from a holistic level, including the policies, standards, and procedures by which public entities must function.  


Miscellaneous

Payment Information

  • Register online with credit card
  • Register online and upload a Purchase Order
  • Register by fax and download the print & fax form

*FORM OF PAYMENT MUST ACCOMPANY REGISTRATION FORM FOR ORDER TO BE PROCESSED

Methods of Payment Accepted: Check (make checks payable to NIGP), Purchase Orders (via print and fax form or online), and Credit Cards (Master Card, Visa, and American Express).

If paying by check, please make check payable to NIGP and send payment to:
NIGP, Attn: Seminar Registration
440 Monticello Avenue Suite 1802
PMB 63452
Norfolk, VA 23510

Cancellation Policy

There are no refunds, all sales are final.

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On Demand: Effective Contract Formation