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Purchasing Contract Administration

Stop worrying about negotiating a purchase agreement and start understanding the best practices of contract administration.

Negotiated an important deal recently? How's that deal working out for you? Are you sometimes surprised at how long it can take to negotiate and execute even simple purchasing agreements? Worried about missing something important when negotiating a purchasing agreement? Hate the feeling that a major gotcha is lurking? What does it take to establish and maintain great purchasing contracts and agreements? What keeps you up at night about your purchasing contracts? This topic is an introductory course in understanding how to add real value and avoid tragedy through the contract administration process. It will provide best practices from successful companies, tips on how to approach difficult purchasing transactions and insights into the practical problems of taking a deal from start to finish. This topic tells it how it is, as well as, how it should be and how it can be, for new procurement professionals and contract administrators, as well as those who have been around the block but always want to hear how others are getting it done well. You will be provided with an understanding of current issues, future trends and ways to demonstrate how valuable you are to your organization.

Runtime: 96 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

The Fundamentals of Contract Administration

  • Understanding Risk
  • Understanding Relationships and Dependencies
  • The Life-Cycle of Contract Administration

Best Practices: Lessons From the Fortune 500 and Beyond

  • Establishing and Stating Specifications
  • Qualifying the Vendor
  • Requests for Proposals (RFPs)/Solicitations - Succeeding at the Process, as Well as, the Result
  • Contract Formation - Ensuring the Documents Correctly Define the Deal and the Relationship
  • Relationship Management - Managing People, Expectations and Processes
  • Mind Over Matter - The Culture and Mindset of Successful Contract Administration

Special Issues for the Contract Administration Professional

  • The Obligation of Good Faith and Fair Dealing
  • Cybersecurity
  • The Term of the Agreement
  • Acceptance/Rejection
  • Warranty Administration
  • Change Orders
  • Intellectual Property - Ownership and Licensing
  • Termination
  • Close out - It Ain't Over Til It's Over

Trends in Contract Administration Over the Next Five Years

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Ryan P. McGovern

Ryan P. McGovern

Jones Day

  • Associate at Jones Day
  • Practice focuses on litigation, counseling, and investigations related to government procurement for U.S. and international firms in the defense, aerospace, construction, information technology, and engineering industries
  • Has advised and represented clients in False Claims Act investigations and litigation, bid protests, claims litigation, M&A due diligence, prime/subcontractor negotiations and disputes, suspension and debarment proceedings, and arbitrations
  • Experience extends to matters before U.S. Federal District Courts, the U.S. Court of Federal Claims, the Civilian Board of Contract Appeals, the Armed Services Board of Contract Appeals, the Government Accountability Office, and the ICC International Court of Arbitration
  • Maintains an active pro bono practice; has represented disabled U.S. veterans and asylum applicants, and he regularly volunteers with the D.C. Landlord-Tenant Resource Center
  • J.D. degree, Georgetown University; B.S. degree, University of Maryland
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
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  • MP3 Downloads
  • Course Manuals
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  • White Papers and Articles
  • Sponsored Live Webinars

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  • State Specific Credit Tracker
  • Members Only Newsletter
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* For audio recordings you only pay shipping

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Product ID: 400820
Published 2017
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