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.

• LEARNING OBJECTIVES

Upon completion of the course, you will be able to:

• Identify the different sections of a contract and how to arrange them
• How to draft a contract
• Define standard contract terms
• Vendor terms to avoid
• Prevent common problems encountered during the creation of contracts
• Identify terms to include in your contract to protect your organization
• How to amend or renew your existing contract
• Manage your vendor contracts

• WHY SHOULD YOU ATTEND

Attendees will learn about the different elements that make up a standard procurement procedure. The topic will cover those looking to improve or change a current procurement policy or program and also for those starting from scratch. Attendees will learn about technical areas to include in structuring a new or improved procedure or program and then will follow along on a real case study involving creating procurement manual for a funded program that did not have a customized manual for them to use. Attendees will also learn of issues that come up and how to manage changes and keeping procedures current.
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 strengthening 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.

• AREAS COVERED

• How to Draft the Contract
• What Attachments to Include
• Defining Terms
• 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
• Buyers
• Contract Managers
• Contract Officers
• Business Owners
• Compliance Officers
• Corporate Investigators and Fraud Examiners
• Purchasing Professionals
• Accounting and Finance Professionals
• Controllers
• Internal Auditors
• Contractors
• Risk Managers
• Legal Department
• Attorneys

• SPEAKER

Kenneth M. Jones is a procurement specialist at SUNY Center for International Development. Mr. Jones has over 30 years of direct procurement experience. He has conducted regular seminars and workshops on public procurement. Mr. Jones is experienced in developing improved procurement practices. He is a graduate of Schoharie Central School.