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Contract Monitoring And Disbursement Management Course

INTRODUCTION

Contract management is an area shrouded with mystery in procurement and projects. More often than not organizations have to enter into contracts with third parties. In any case contractual arrangement between the organisations on the other hand and third parties such as customers and vendors on the other hand is a permanent feature in many organisations. The contracts are complex with a lot of technicalities. There are many challenges along the way. The successful implementation of the projects and hence the organisations to a large extent is determined not only by the adherence of contract terms, but also on the extent to which the contract risks are managed throughout the contracting process. No doubt understanding and managing technical and delivery risks inherent in a contractual arrangement is important. Contract financial management is critical to the success of any organization and its enhanced effectives permeate the entire organisations. One area that requires management attention is disbursement of funds & other resources. There are many risks, with the dynamic environment, organisations need to have prudent tools and techniques for monitoring disbursements. 

DURATION

5 Days

WHO SHOULD ATTEND?

Managers and officers in projects, business, finance, administration and contracts. Technical staff wishing to have an appreciation for contract management and disbursement monitoring are encouraged to participate.

COURSE OBJECTIVES

At the end of this IRES training seminar, you will learn to:

  • Learn how to identify and mitigate against contract risks;
  • Learn how to negotiate for optimum returns on contractual agreement;
  • Appreciate the importance of contract monitoring and reporting;
  • Learn how to develop a disbursement policy;
  • Learn how to make important disbursement decisions;
  • Appreciate the various methods, tools and techniques for project costs Control;
  • Learn how to mitigate against disbursement risks.

TOPICS TO BE COVERED

  • Fundamentals of contract;             
  • Contracting methods;
  • Contract administration procedures;       
  • Contract risks identification and management;
  • How to identify and mitigate against contract risks;
  • Contract monitoring and reporting;
  • Disbursement policy and development;   
  • Disbursement decisions;
  • Methods, tools and techniques for project cost control
  • Mitigation against disbursement risks.

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

ACCREDITATION

Upon successful completion of this training, participants will be issued with an Indepth Research Services (IRES) certificate.

TRAINING VENUE

The training is residential and will be held at IRES training Centre. The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION

Accommodation is arranged upon request. For reservations contact the Training Officer.

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.   

Mob: +254 715 077 817

Tel: 020 211 3814

TAILOR- MADE

This training can also be customized for your institution upon request to a minimum of 4 participants. You can have it delivered in our training centre or at a convenient location.

For further inquiries, please contact us on Tel: +254715077817, +254(020) 211 3814 or mail This email address is being protected from spambots. You need JavaScript enabled to view it.

PAYMENT

Payment should be transferred to IRES account through bank on or before C.O.B. 17th February 2020.

Send proof of payment to This email address is being protected from spambots. You need JavaScript enabled to view it.

CANCELLATION POLICY

Payment for all courses includes a registration fee, which is non-refundable and equals 15% of the total sum of the course fee.

1.    Participants may cancel attendance 14 days or more prior to the training commencement date.

2.    No refunds will be made 14 days or less to the training commencement date. However, participants who are unable to attend may opt to attend a similar training at a later date, or send a substitute participant provided the participation criteria have been met.

Please Note: The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

Event Properties

Event Duration 5 Days
Event Date 24-02-2020
Event End Date 28-02-2020
Cut off date 17-02-2020
Individual Price(Kenyan) KES 69,000
Individual Price (International) EUR 790
Individual Price(International in Dollars) USD 920
Location Nairobi, Kenya
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