Objective: Understand contract creation, structure, and legal aspects.
- Introduction to Contracting
- What is a contract? Legal enforceability
- Types of Contracts
- Fixed price, cost-reimbursable, framework agreements
- Contract Lifecycle Management
- Drafting → negotiation → execution → closure
- Key Contract Clauses
- Payment terms, penalties, liability, warranties
- Legal & Compliance Considerations
- Risk of non-compliance
Activity: Review and identify risks in a sample contract
