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Contract Administration: The Achilles Heel of Procurement

The NAEP On-Demand Learning Library
Credit Hours
1 Hour
Learning Level
Tier 1 Novice & Tier 2 Intermediate
Learning Objectives
  • Understand the basic function of contract administration
  • Recognize the control mechanisms for effective risk mitigation
  • Identify various tools used for contract administration
Course Description
You’ve worked hard to negotiate a great contract or perhaps you found an excellent cooperative solution. Way to go! The hard part is done, right? Wrong! You’re only half-way there! Now it’s time for the “Who”, “What”, “Where”, “When” and “How”.

As procurement professionals, we often excel at sourcing and contracting, only to fall flat on contract administration. And, as Dr. Stephen Covey said, we neglect to “Begin with the End in Mind”. In this webinar, we’ll look at the essential components of effective Contract Administration, learn about some of the tools of the function and discuss how procurement professionals can protect their institution, minimize risk and increase efficiencies.

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Disclaimer
The user acknowledges that the workshops, handouts, and related course materials contained therein are intended for educational purposes only and should not be considered to be legal advice or a substitute for legal or clinical consultation. These presentations address issues that are multi-faceted, and the user should not assume that the courses discuss every law, regulation, or ethical code that may be relevant to the subject matter. Legal and ethical standards are subject to change, and it is always prudent to check to see whether a particular law, regulation, or ethical standard may have changed.
     
Refunds/Cancellations: NAEP does not offer refunds for On-Demand Library purchases.