CTM100 - Contract Management Essentials

General Overview

• Become familiar with the different steps of the contracting process for both buyers and sellers.
• Become familiar with the different similarities and differences between project and contract managers.
• Review the Uniform Contract Format.
• Familiarize yourself with the Federal Acquisition Regulation and its role in government contracting.

Building Trust, Managing Expectations, and Honoring Commitments

• Define basic contract terms and use them effectively.
• List and define the five elements required to form a contract: offer, acceptance, consideration, competent parties, and legality of purpose.
• Identify similarities and differences between public, commercial, and international contract processes.
• Understand the parts of a solicitation and contract, including the statement of work, schedule, inspection and acceptance, and contract clauses.

Procurement and Contracting Methods

• Define basic contract terms and use them effectively.
• Display a working knowledge of how to use and interpret reference sources, such as the Federal Acquisition Regulation (FAR) and Uniform Commercial Code (UCC).
• List and define the five elements required to form a contract: offer, acceptance, consideration, competent parties, and legality of purpose.
• Understand the parts of a solicitation and contract, including the statement of work, schedule, inspection, acceptance, and contract clauses.

Contract Pricing Arrangements and the Award Phase of a Contract

• Define basic contract terms and use them effectively.
• List and define the five elements required to form a contract.
• Describe the contract award process.
• Understand the parts of a solicitation and contract, including the statement of work, schedule, inspection and acceptance, and contract clauses.
• Explain the uses of cost and pricing information.

Post-Award Phase of a Contract and Global Contract Management

• Define basic contract terms and use them effectively.
• Illustrate the contract process from identification of need to contract completion and closeout.
• Display a working knowledge of how to use and interpret reference sources, such as the FAR and UCC.
• List and define the five elements required to form a contract.
• Identify similarities and differences between public, commercial, and international contract processes.
• Describe the contract award process.
• Differentiate between contract types, including Fixed Price, Cost-Reimbursable, and Time-and-Materials.
• Understand the parts of a solicitation and contract, including the statement of work, schedule, inspection and acceptance, and contract clauses.
• Explain the uses of cost and pricing information.

Creating Value, Getting Results, and Managing Contract Risk and Opportunities

• Illustrate the contract process from identification of need to contract completion and closeout.
• Display a working knowledge of how to use and interpret reference sources, such as the FAR and UCC.
• List and define the five elements required to form a contract.
• Identify similarities and differences between public, commercial, and international contract processes.
• Describe the contract award process.
• Differentiate between the different contract types.
• Understand the parts of a solicitation and contract.
• Explain the uses of cost and pricing information.

Contract Management Maturity Model and Enterprise Systems and Tools

• Define basic contract terms and use them effectively.
• Illustrate the contract process from identification of need to contract completion and closeout.
• Display a working knowledge of resources, such as the FAR and UCC.
• List and define the five elements required to form a contract.
• Identify similarities and differences between public, commercial, and international contract processes.
• Describe the contract award process.
• Understand the parts of a solicitation and contract.
• Explain the uses of cost and pricing information.
• Differentiate between the different contract types.

Teaming Arrangements and Subcontractor Management

• Explain the role of teaming arrangements and list the key elements of teaming agreements.
• Understand the different types of partnerships, such as Joint Ventures and Limited Liability Companies.
• Describe Prime Contractor challenges and best practices.

After completing this course, you will be able to:

• Describe the major phases of the contract management process from acquisition planning through contract closeout.
• Apply fundamental contract terminology, principles, and processes.
• Identify the essential elements required to form a contract.
• Use and interpret contract management resources such as the Federal Acquisition Regulation (FAR) and Uniform Commercial Code (UCC).
• Compare public, commercial, and international contracting processes.
• Differentiate among common contract types and explain the role of cost and pricing information.
• Identify key considerations in post-award administration, contract risk, teaming arrangements, and subcontractor management.

This course is Professional Development Unit (PDU) eligible.

PMI® Talent Triangle Breakdown:

• Ways of Working: 18 hours
• Power Skills: 2 hours
• Business Acumen: 4 hours

Disclaimer: CEU, PDU, and CPE requirements are subject to change. Please verify all information with the applicable governing body’s official website.

• There are no prerequisites for this course.

Questions? Speak with our team today—email info@workforcecenter.slu.edu or call 314-977-3226.