The reality of contract management is sobering; according to International Association for Contract & Commercial Management, an overwhelming 95% of companies report that their procurement contracts have been breached at least once, and these companies lose close to 9% of their annual revenue due to poor contract management. The consequences of inadequate contract management go beyond financial burden, with the potential for cost overruns, schedule delays, claims, contract breaches, litigations, and legal penalties. It is imperative for organizations to establish effective contract management practices to mitigate these detrimental outcomes.
This Certified Procurement Contracts Manager (CPCM™) program is designed to provide you with a comprehensive understanding of the procurement contract lifecycle, equipping you with the best knowledge and skills to draft effective contracts, review crucial clauses and safeguard your organization from disputes with vendors. You will learn the full procurement contract life cycle, starting from identifying the best type of procurement contracts to use to contract negotiations and how to effectively administer and manage the performance of procurement contracts. This program will also cover legal and compliance issues in procurement contracts, an overview of best practices in procurement contracting, dispute resolution mechanisms, and contract close-out procedures. You will also have the opportunity to learn how to mitigate disputes when the contract performance is breached and how to build remedies for non-performance of the contract.
By the end of the program and upon passing the Chartered exam, you will have earned the Certified Procurement Contracts Manager (CPCM™) designation which you can use to demonstrate your professional credentials and expertise in managing effective procurement contracts. The CPCM™ designation is a valuable and sought-after skill set that positions you as an expert in procurement contract management, increasing your marketability and earning potential in the industry.
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This Certified Procurement Contracts Manager (CPCMTM) program is a mark of distinction that signifies a fully qualified procurement professional with expertise in Procurement Contracts management skill set. It is accredited by the Chartered Institute of Professional Certifications, which maintains the governing standards for all members. The CPCM™ charter is a trademarked charter available only to professionals who have completed and passed this program. The certification is governed and maintained by Chartered Institute of Professional Certifications with over 90,000 members around the world. It is also endorsed by prominent associations and organizations worldwide.
The content of this program has been fully certified and accredited by CPD as conforming to Continuing Professional Principles.
According to Gartner, top-performing companies in procurement contract management can achieve an average reduction of 15% in contract management costs. Furthermore, these organizations that have effective contract management practices experience significantly less contract breaches and disputes compared to companies with weak contract management practices. This highlights the crucial importance of effective procurement contract management for organizations.
This Certified Procurement Contracts Manager (CPCM™) program will equip you with the tools and techniques to draft and manage procurement contracts that safeguard you from any unwanted disputes with your vendor for breaching the service agreement. Led by Colin Mclntyre, a globally recognized MCIPS-qualified procurement contract trainer and expert, you will learn how to draft and negotiate optimal procurement contracts that prioritize timely product delivery and avoid contract breaches and disputes. You also will learn how to incorporate legal considerations as well as the essentials of contract contents such as KPI, SLA, price & schedule, and specifications on product and service delivery into your contract. Besides that, you will be guided on the different types of contractual agreements that are relevant to your transaction and manage legal and compliance issues. Finally, you will discover how to manage disputes and non-performance in case of contract breaches and establish effective contract management practices to mitigate these detrimental outcomes.
By the end of the program and upon passing the Chartered exam, you will have earned the Certified Procurement Contracts Manager (CPCM™) designation which you can use to demonstrate your professional credentials and expertise in managing effective procurement contracts.
Globally demanded and recognized, this designation is an industry-recognized trademarked charter developed by the Chartered Institute of Professional Certifications and has lifelong validity. It’s also fully accredited by CIPD (Chartered Institute of Personnel and Development), with 160,000 membership organizations worldwide.
Colin McIntyre is a globally recognized procurement contracts expert and trainer with over 20 years of experience specializing in improving procurement & supply chain processes, building robust procurement and vendor contracts, and delivering holistic procurement training. As a qualified Member of the Chartered Institute of Procurement and Supply (MCIPS) trainer, one of the most prestigious qualifications that a professional purchaser can achieve, Colin has delivered extensive training related to procurement and contract management for various private and public organizations globally. He is also the Director & Founder of Lean Procurement Ltd. and provides expert advice to companies in managing large procurement teams and creating positive changes and improvements to add value to their organizations.
11 hours 4 minutes
Introduction To Contracts And Contract Law
Lesson 1 - Definitions
Lesson 2 - The Formation Of Contracts
Lesson 3 - Application
Introduction To Legal Considerations With Contract Creation
Lesson 1 - The Contracting Process
Lesson 2 - Importance Of Written Contracts
Lesson 3 - Battle Of The Forms
Introduction To Contract Contents
Lesson 1 - Specifications
Lesson 2 - KPI’s/ SLA’s
Lesson 3 - Pricing And Schedules
Introduction To Contract Terms In Contracts
Lesson 1 - Express Terms (1)
Lesson 2 - Express Terms (2)
Introduction To Types Of Contractual Agreements
Lesson 1 - One Off Purchases
Lesson 2 - Purchase Orders
Lesson 3 - Framework Agreements
Lesson 4 - Term Contracts
Lesson 5 - Hiring And Lease Contracts
Introduction To Model Form Contracts
Lesson 1 - Standard Term Contracts
Lesson 2 - Advantages And Disadvantages Of Model Form Contracts
Lesson 3 - Examples Of Model Form Contracts
Introduction To Contractual Non-Commercial Factors
Lesson 1 - Labour And Environmental Standards
Lesson 2 - Sustainability
Lesson 3 - Corporate Governance In Contracting
Introduction To Remedies For Non-Performance Of Contract
Lesson 1 - Contract Terms Applied To Performance (i)
Lesson 2 - Contract Terms Applied To Performance (ii)
Lesson 3 - Clauses For Default
Introduction To Considerations When Terminating A Contract
Lesson 1 - Assessment Of Damages
Lesson 2 - Contract Termination
Lesson 3 - Relationship Factors
Introduction To Mechanisms For Dispute Resolution
Lesson 1 - Informal Contract Conflict Resolution Methods
Lesson 2 - Formal Contract Conflict Resolution Methods
Lesson 3 - How To Approach Breaches Of Contract
At the end of the program, there will be a Chartered exam comprised of 50 multiple choice questions. Upon passing the exam, you will be accredited with your Certified Procurement Contracts Manager (CPCM™) designation.
If you have challenges passing the exam, you can secure assistance from our team and faculty leader to help you pass the exam.
After completing the program and passing the exam, you will be awarded the Certified Procurement Contracts Manager (CPCM™) designation that can be used in your resume, CV, and other professional credentials. This designation is a global trademark and industry-recognized with lifelong validity.
Globally demanded and recognized, this CPCM™ designation will provide you with a valuable and sought-after skill set, positioning you as an expert in procurement contract management. You will not only gain a comprehensive understanding of the procurement contract lifecycle, but also be able to increase your career advancement and earning potential, protect your organization from disputes, and stay compliant and competitive in your field.
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Certified Procurement Contracts Manager (CPCM™)4.6 (936 ratings)