Contract Administration - L3M3
Purpose: On completion of this module, learners will be able to explain administrative processes behind contract development and how to measure contract performance. They will identify how to achieve competitive pricing and be able to describe how effective tendering is achieved.
Aim: In any organisation, a significant element of the procurement and supply function is based around the contracting process. This module is designed for those involved in the development and subsequent administration and performance monitoring of contracts. To ensure success, such individuals must demonstrate knowledge and comprehension of how to achieve competitive pricing and also how effective tendering is achieved.
Learning Outcomes
Session 1:
[1.0] Know the administrative content and key tasks
associated with commercial contracts
[1.1] Identify types of contracts and agreements
[1.2] Describe the purpose of the documents that compose
a contract for the purchasing or supply of goods and/
or services
Session 2:
[1.3] Describe the stages involved in forming contracts for
the purchasing or supply of goods and/or services
[1.4] Describe how to develop and present business cases
to justify expenditure on supplies, services or projects
Session 3:
[2.0] Understand how to achieve competitive pricing and
the role of negotiation in procurement and supply
[2.1] Explain the use and comparison of competition to
obtain quotations on price
Session 4:
[2.2] Recognise the role of commercial negotiations in the
work of procurement and supply
[2.3] Explain approaches to negotiate competitive prices
Session 5:
[3.0] Know how effective tendering is achieved
[3.1] Identify the initial actions processes associated with
the tendering process
[3.2] Describe initial tender process documentation and
associated content
[3.3] Identify the tender evaluation and acceptance process
Session 6:
[3.4] Outline the regulations that can impact on the
tendering process
Session 7:
[4.0] Understand how to measure contract performance
[4.1] Describe the use of data as a contract performance
measure
Session 8:
[4.2] Explain the use of Key Performance Indicators (KPI)
Session 9:
[4.3] Explain types of contractual risk and how to manage
them
Session 10:
Module Recap
Session Dates
Summer Cohort 2020
To be announced
Winter Cohort 2020
To be announced
Exam Dates
You can appear for the L3M3 examination on one of the following dates. Please contact the Certifications Manager to book your examination. Candidates need to pay for the Examination Fee and Centre Fee.
About L3M3 Exam
Corporate Program
Our CIPS, UK Approved Faculties can deliver Contract Administration – L3M3