2022 - How to Write Contracts for Procurement Professionals

OVERVIEW
In this webinar, you will learn how to draft a standard vendor contract that will assist you in meeting your goals as a procurement professional, while also meeting the needs of your organization. You will learn specific standard terms to include in your contracts and understand what they mean. Upon completion of the course, you will be able to:
WHY SHOULD YOU ATTEND?
This webinar is geared to informing participants about important terms and conditions to know when drafting a contract for your organization. This is presented from a pier perspective based on years of experience writing contracts and not a legal review presentation by an Attorney. Understanding the terms of a contract is especially important when problems arise with a contractor or with organizational priorities. The object of the webinar is to make you a better advocate for your organization when contracting with a vendor. Sample language will be reviewed that may assist you in strengthening the next contract you are required to draft.
Gain an understanding of the documents and section types necessary to write a procurement contract. Learn terms that may impact your contract and your employer. Get a head start on what to look out for in a common vendor agreement. Discover what terms to include to strengthen the position of your company or agency. Gain an understanding of what terms may be considered deal breakers vs. a business decision. Receive information on the importance of terms to be used to prevent being held hostage by an underperforming vendor under contract. Use clauses to prevent getting locked into a bad contract. Learn about tools to control cost escalations.
AREA COVERED
Preamble
Procurement Documents as Attachments
Scope of Work
Payment Terms
Term Dates and Renewals
Escalation Clauses
Termination Clauses
For Cause
For Convenience
Jurisdiction
Arbitration
Insurance
Bonding
Indemnification
Direct Damages
Indirect Damages
Terms to Avoid
General Terms and Conditions of Your Organization
Final Agreement Between the Parties
Independent Contractor Provision
Waiver of Enforcement
Responsibility of the Contractor
Determination
Written Notice
Suspension
Ability to Cancel
Replacing the Contractor
Penalty Clauses
Order of Precedence
Contract Draft Legal Review
Signatures Notarized
Attachments/Exhibits
Contract Amendments
Contract Administration
LEARNING OBJECTIVES
Learn terms that may impact your contract and your employer. Get a head start on what to look out for in a common vendor agreement. Discover what terms to include to strengthen the position of your company or agency. Gain an understanding of what terms may be considered deal breakers vs. a business decision. Receive information on the importance of terms to be used to prevent being held hostage by an underperforming vendor under contract.
Identify the different sections of a contract and how to arrange them
Define standard contract terms
Prevent common problems encountered during the creation of contracts
Identify terms to include in your contract to protect your organization
Manage your vendor contracts
How to write the Contract
What attachments to include
Reducing your organization’s risks
Responsibility of the parties
Dispute resolution
Terms to avoid
Payment Terms
Penalty Clauses
Managing the contract
WHO WILL BENEFIT?
Purchasing Agents
Account Managers
Contract Officers
Buyers
Procurement Officers
Administrators
Counsel
SPEAKER PROFILE
Kenneth M. Jones is a procurement specialist at SUNY Center for International Development. Kenneth has over 30 years of direct procurement experience. He has conducted regular seminars and workshops on public procurement. He is experienced in developing improved procurement practices.
For more detail, please click on this below link:
https://bit.ly/3FxvBCG
Email: info-AT-247compliance.us
Tel: +1-661-336-9555
https://www.linkedin.com/in/whitney-jones-87357317...