Building Standard Contract Templates Compliant with Local Regulations

Course Overview

Inventory tied up in standard contract templates is capital the organisation cannot use elsewhere. Most procurement disputes about this area of procurement and supply operations originate in a specification written too quickly. It is appropriate for those preparing to take on wider responsibility for the procurement and supply operations discipline. Participants apply standard contract templates to their own supply function throughout, so the output is directly usable. It treats this aspect of procurement and supply operations as an operating discipline and equips participants to run it as one. They gain the ability to sequence improvements to this strand of procurement and supply operations in an order their organisation can absorb. Improvement in standard contract templates stalls when it depends on one capable individual rather than a defined method. Comparative studies of this area of procurement and supply operations across sectors find the same handful of failure points recurring. It closes by agreeing the smallest change to this aspect of procurement and supply operations that would make a visible difference.