Procurement and Contract Management
overview
Course Overview
The Procurement and Contract Management course is for Procurement Executives, Business owners and Accountants. The course teaches students two important aspects of any business activity, procurement and developing and managing contracts. The course begins with the definition of common concepts in the discipline. Then we discuss two important cycles:
- Procurement Cycle
- Purchase-to-Pay (P-2-P) Cycle
We will take a look at how to develop tender documents and how to develop a winning bid. Also, contracts are legally binding documents, therefore, Students will be taught on various aspects of contract management. These include different types of contract relationships, conditions and terms. Also risks attached to managing contracts will also be discussed. Participants will be engaged throughout the course with the use of tasks, discussions and assignments. On completion of the course, you can take any of the professional certifications in this field.
Learning Outcomes
By the end of the course, participants will be able to:
- Understand the fundamentals of procurement and contract management.
- Develop effective sourcing strategies to identify and select suitable suppliers or contractors.
- Negotiate favorable terms and conditions in contracts.
- Manage the contract lifecycle effectively, from contract award to completion.
- Evaluate supplier performance and address any issues or disputes.
- Ensure compliance with procurement regulations and best practices.
- Develop and implement a supplier relationship management strategy.
- Use procurement tools and software to streamline procurement processes.
Curriculum
Aspects of Procurement and Supply
What is purchasing?
What is Purchasing For?
Procurement
Making Connections
The Roles and Benefits of Procurement and Supply
Typical Roles and Responsibilities
What do Purchasers do?
Procurement and Profitability
The Sourcing Process
Identification of Needs
The Sourcing Phase
Contract Award
Contract Documentation
The Post-Award Phase
Pre-Award and Post-Award Stages
Tender and Bid Management
The Evolution of Tendering / Bidding
Understanding the Bid Management Process
Knowledge Management for Bid Writers
Bid Management Basics
Identifying the Interest and Demands of Various Stakeholders (Customers)
Working Out When to Bid and Phases in Tendering / Bidding Process
Tender Document and Important Sections in a Tender / Bid Document
How to Make your Bid Stand Out
Writing a Successful Bid – with Detailed Practical Examples
Checking and Submitting a Bid
What Is Next For the Bidder After Submission?
Evaluation of Bid
Contractual Agreement for Supply
One-off Purchases
Standing Offer
Blanket Ordering
Call-Off Contracts
Framework Agreements
Services Contracts
Hiring and Leasing
Foundation of Contract Performance
Elements of a Binding Commercial Agreement
Contract Terms
Express and Implied Terms
Express Terms Relating to Performance of Contract
Managing Non-Performance
Performance and Non-performance of Contract
Vital and Non-Vital Contract Terms
Identifying Non-Conformance
Remedies for Breach of Contract
Limitation of Liability
Termination of Contract
Assessing Contractual Risks
Risk Impacting on Relationships
Internal and External Risks
Legal and Performance-based Risks
Reputational and Relationship Risks
Information Risks
Assessing Contractual Risks
Contract Management
The Contract Management Process
Planning and Governance of Contract Management
Responsibilities of the Contract Manager
Contract Administration
who attends
Right For You
Participants enrolling for this programme will be required to have a minimum of 3 years’ professional experience. Participants who meet the programme requirement should pay the course fee and complete the enrollment form 2 weeks before the programme kick off date.
Requirements;
- Experienced individuals who manage procurement and contract activities in diverse fields
- Working professionals seeking to change career, job or industry to procurement and contract related field
- Individuals who meets the requirements and intend on starting a career in procurement and contract
- Mid to senior-level executives in any sector
Prospective applicants who do not meet the programme requirement but want to join the programme should talk to a Career Advisor.
Key Program Features
Training
The Procurement and Contract Management training approach employs hands-on learning, which imparts the skills required for specific job roles.
Internship & Projects
The Procurement and Contract Management course provides up to 4 months of internship while working on real work projects, which adds expertise and verifiable work references in the resident country.
Career Development
The Procurement and Contract Management course assists participants in securing a job through the development of a professional profile and job prospecting.
teaching team
Meet Your Facilitator(s)
Aduragbemi Opaogun
Trainer • Nigeria
Master of Science in Production and Operations Management (M.Sc.);
Aduragbemi Opaogun is a highly skilled procurement expert with a proven ability to save companies millions through his expertise in negotiation, supplier management, and risk mitigation. Holding a Master of Science in Production and Operations Management, he has excelled in roles such as Procurement and Vendor Management Officer at Stanbic IBTC and Assistant Procurement Manager at TGI, where he saved Nigerian banks a staggering N1 billion through strategic procurement initiatives. Known for his analytical skills and ability to foster strong supplier relationships, Aduragbemi also empowers future procurement leaders by sharing his real-world knowledge and experience, helping students become experts in strategic sourcing, negotiation, and supplier collaboration.
Collins Nweke
Procurement Manager • Nigeria
Project Cost Reduction
Collins Nweke is a supply chain management professional with expertise in various operational areas. His areas of specialization include supply chain management, operations management, warehousing and inventory control, procurement and contract management, logistics, occupational safety and health, and quality control/assurance.
course schedule
The Schedule For This Course
Piston and Fusion offer the Course as Classroom in Lagos and Virtual Online Class in other states in Nigeria. See dates and fees for classroom and virtual online class.
Classroom
Weekdays
Dates:
3rd Mar – 5th Mar, 2025
As of Fri Jan 24 2025
Days:
Mon – Wed
Time:
8:30am – 3:30pm
Duration:
3 days
Weekends
Dates:
8th Feb – 22nd Feb, 2025
As of Fri Jan 24 2025
Days:
No days selected
Time:
8:30am – 3:30pm
Duration:
3 weeks
Virtual
Weekdays
Dates:
3rd Mar – 5th Mar, 2025
As of Fri Jan 24 2025
Days:
Mon – Wed
Time:
8:30am – 3:30pm
Duration:
3 days
Weekends
Dates:
8th Feb – 22nd Feb, 2025
As of Fri Jan 24 2025
Days:
No days selected
Time:
8:30am – 3:30pm
Duration:
3 weeks
fees
What It Will Cost
Piston and Fusion offer the Course as Classroom in Lagos and Virtual Online Class in other states in Nigeria. See dates and fees for classroom and virtual online class.
Standard
₦210,000
Virtual Only
Course Materials
Certificate
Manual, Cases & Templates
Mentorship
-
Refreshment
-
Perks
-
-
Additional Services
-
-
Standard Plus
₦260,000
Virtual Only
Course Materials
Certificate
Manual, Cases & Templates
Mentorship
3 Months
Refreshment
-
Perks
-
-
Additional Services
CV & LinkedIn Profile Development
Exam Application (Only for Certification courses)
Professional
₦300,000
Classroom & Virtual
Course Materials
Print & PDF
Certificate
Manual, Cases & Templates
Mentorship
-
Refreshment
Teabreak & Lunch
Perks
Souvenir
Notepad & Pen
Additional Services
-
-
Professional Plus
₦350,000
Classroom & Virtual
Course Materials
Print & PDF
Certificate
Manual, Cases & Templates
Print & PDF
Mentorship
3 Months
Refreshment
Tea Break & Lunch
Perks
Souvenir
Notepad & Pen
Additional Services
CV & LinkedIn Profile Development
Exam Application (Only for Certification courses)
apply now
Ready to Join the Course?
This programme is designed for executives tasked with igniting innovation within their organisations, or who seek to create innovative solutions to a major challenge.
How to Apply:
- Check the website to select a course of choice and fee.
- Pay the registration fee and tuition to P&F account domiciled at First Bank
- DETAILS Account Name: Piston & Fusion Ltd Account Number: 2015242578 Bank: First Bank of Nigeria
- Send your name, phone no, email, training location, amount paid & proof of payment to fees@pistonandfusion.org
- Complete the enrollment form ONLY AFTER PAYMENT
- CASH PAYMENTS ARE NOT ALLOWED, ALL PAYMENTS MUST BE MADE TO THE COMPANY’S ACCOUNT.
https://www.pistonandfusion.org/enrol-now?type=individual&course=procurement-and-contract-management
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https://www.pistonandfusion.org/enrol-now?type=corporate&course=procurement-and-contract-managementcontact us
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