Current segment
Segment 5.1 Contract Administration
Segment 5.1 Contract Administration
Knowledge: Will know and understand | Capabilities: Will be able to |
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The main types of contracts and agreements including:
|
Contribute to the preparation of the main types of contracts and agreements |
The documents that compose a contract for the procurement or supply of goods or services, including:
|
Identify and explain to stakeholders the documentation that comprises a typical contract |
The stages involved in forming contracts for purchased goods or services
|
Identify and explain to colleagues and other internal stakeholders the key stages involved in forming contracts for goods and services |
The details that should be included in contractual documents |
Review draft contracts to ensure that contractual documents are fully accurate |
Key tasks associated with contract administration to ensure the completion of contractual documentation |
Deal with any queries raised by internal staff and suppliers related to the completion of contract documentation |
The impact of stage payments and cash flows in the performance of contracts |
Recognise the importance of cash flows and stage payments made in contracts with suppliers |
The use of contract registers and other sources of data on contracts let with suppliers |
Publicise and promote the use of contract registers with internal stakeholders |
The main types of contracts and agreements including:
- The use of spot purchases
- Term contracts
- Framework agreements (or blanket orders/panel agreements)
- Call offs
Contribute to the preparation of the main types of contracts and agreements
The documents that compose a contract for the procurement or supply of goods or services, including:
- The specification
- The key performance indicators (KPIs)
- The contract terms
- The pricing schedule
- Other schedules (for health and safety, use of sub-contractors, non disclosure/confidentiality agreements)
Identify and explain to stakeholders the documentation that comprises a typical contract
The stages involved in forming contracts for purchased goods or services
- Requests for quotations/information/tender enquiries
- Quotations/tenders received
- Orders/acceptance of tenders
- Delivery notes/ acknowledgements
- Invoicing and payment
Identify and explain to colleagues and other internal stakeholders the key stages involved in forming contracts for goods and services
The details that should be included in contractual documents
Review draft contracts to ensure that contractual documents are fully accurate
Key tasks associated with contract administration to ensure the completion of contractual documentation
Deal with any queries raised by internal staff and suppliers related to the completion of contract documentation
The impact of stage payments and cash flows in the performance of contracts
Recognise the importance of cash flows and stage payments made in contracts with suppliers
The use of contract registers and other sources of data on contracts let with suppliers
Publicise and promote the use of contract registers with internal stakeholders
This segment was last updated on: 20th May 2021