Master contract management for SMEs. Our training empowers you to optimize contracts, mitigate risks, and drive business growth.

Training on Contract Management for SMEs

Course Overview

This course is designed to equip Small and Medium Enterprises (SMEs) with the essential knowledge and skills needed to effectively manage contracts. Participants will learn the fundamentals of contract management, including negotiation, execution, compliance, and dispute resolution. This course aims to enhance the ability of SMEs to handle contractual obligations, mitigate risks, and ensure successful business operations. By the end of this comprehensive training, SMEs will be better equipped to manage contracts effectively, ensuring smooth business operations and fostering stronger business relationships.

Course Duration

5 Days

Who Should Attend

  • SME owners and managers
  • Contract administrators
  • Procurement officers
  • Legal advisors for SMEs
  • Project managers
  • Entrepreneurs involved in contract negotiation and management
Course Level: Intermediate

Course Objectives

By the end of this course, participants will be able to:

  • Understand the key principles and processes of contract management.
  • Develop skills in negotiating and drafting contracts.
  • Identify and mitigate potential risks in contract execution.
  • Ensure compliance with contractual terms and conditions.
  • Manage contract changes and disputes effectively.
  • Apply best practices in contract administration for SMEs.

Course Outline:

Module 1: Introduction to Contract Management

  • Overview of contract management
  • Importance of contracts in SMEs
  • Types of contracts and key terms
  • Lifecycle of a contract
  • Legal considerations in contract management

Module 2: Contract Negotiation and Drafting

  • Principles of effective negotiation
  • Strategies for successful contract negotiation
  • Drafting clear and concise contracts
  • Essential clauses and terms to include
  • Case studies and practical exercises

Module 3: Risk Management and Compliance

  • Identifying and assessing risks in contracts
  • Techniques for risk mitigation
  • Ensuring compliance with contract terms
  • Legal and regulatory requirements
  • Tools for monitoring and enforcing compliance

Module 4: Contract Administration and Performance Management

  • Best practices in contract administration
  • Managing contract performance and deliverables
  • Handling contract amendments and changes
  • Key performance indicators (KPIs) for contracts
  • Reporting and documentation

Module 5: Dispute Resolution and Best Practices

  • Common causes of contract disputes
  • Methods for dispute resolution (mediation, arbitration, litigation)
  • Developing a dispute resolution plan
  • Best practices and strategies for ongoing contract management
Customized Training

This training can be tailored to your institution needs and delivered at a location of your choice upon request.

Requirements

Participants need to be proficient in English.

Training Fee

The fee covers tuition, training materials, refreshments, lunch, and study visits. Participants are responsible for their own travel, visa, insurance, and personal expenses.

Certification

A certificate from Ideal Sense & Workplace Solutions is awarded upon successful completion.

Accommodation

Accommodation can be arranged upon request. Contact via email for reservations.

Payment

Payment should be made before the training starts, with proof of payment sent to outreach@idealsense.org.
For further inquiries, please contact us on details below:

Email: outreach@idealsense.org
Mobile: +254759708394

Register for the Course

Classroom Training Schedules


Sorry, no scheduled dates available. Contact us for a custom date.

Online Training Schedules


Sorry, no scheduled dates available. Contact us for a custom date.

For customized training dates or further enquiries, kindly contact us on +254759708394 or email us at outreach@idealsense.org.

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