Contract Management (CPE Course)

CPE Credit: 6 hours

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $54

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Course Description
A business that employs effective contract managers is more likely to be profitable, because they can minimize contract costs and ensure that deliverables are completed on time. In the Contract Management course, we explore all aspects of the contract management job, including contract law, contract terms, contracting risks, and how to issue a well-written request for proposals. The course also addresses how to monitor contractor performance, inspect deliverables, and close out projects, along with several related topics.

Author: Steven Bragg

Course Number: PR1005

Table of Contents
Chapter 1. Contract Law
Chapter 2. Contract Terms and Conditions
Chapter 3. Contracting Risks
Chapter 4. The Request for Proposals
Chapter 5. Project Preparation
Chapter 6. Monitoring Contract Performance
Chapter 7. Tender and Acceptance
Chapter 8. Demobilization and Close Out
Chapter 9. Warranties and Remedies

Learning Objectives

  • Identify the elements of a contract.

  • Specify when an offer has been accepted.

  • Describe what is required to prove that there is fraud in a contract.

  • Identify what to do when there is a mistake in a contract.

  • Specify the conditions that establish an unconscionable contract.

  • Identify the parameters of a written contract.

  • Recall the legalities of contractual rights that have been assigned.

  • Specify the purpose of a dispute resolution clause in a contract.

  • Specify the different types of force majeure events.

  • Specify how to improve the performance of the different types of contracts.

  • Recall those contracting actions that apply to longer-term contracts.

  • Recall the different types of contracting risks, and how to reduce them.

  • Specify who is involved in the creation of a request for proposals.

  • Identify the circumstances under which a sole sourcing arrangement should be used.

  • Recall the characteristics of a reverse auction.

  • Recall the types of clauses that can be inserted into a contract with a supplier.

  • Specify when a table of conformance is used in the bidding process.

  • Identify the steps involved in a formal bidding process.

  • Recall the responsibilities of the review teams involved in examining bidder proposals.

  • Specify the indicators of a weak project scope of work.

  • Identify the activities associated with deployment planning.

  • Recall the reasons why change orders are used, and their impact on a contract.

  • Specify the parties that may be involved in deliverable inspections, and the impact of their work on the seller.

  • Identify the retention periods for the various documents used by a contract manager’s team.

  • Recall the characteristics of a warranty, and the different types of warranties.

Level: Overview

Instructional Method: QAS Self-Study

NASBA Category: Production

Prerequisites: None

Advance Preparation: None

Latest Review Date: May 2024

Program Registration Requirements: Click on "Purchase Course" near the top of this page to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.

Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.