Course Overview

The course aims to provide personnel involved in the purchase, business contract officers, and other administrators with advice for documenting current procurement and contracting procedures and practises in the context of procuring products and services.

How will this course help me?

The acquisition and contract management will help prepare for jobs in the government and private sector across a variety of industries. The program tackles several issues that arise when the government contracts for specialist purchases. Contracts for services, research and development, and information technology are among some of the important purchases made by the business. As competition for resources rises inside the government and throughout the business, the course will teach the participants how to negotiate continuous demands for the adoption of performance-based contracts and competitive sourcing.

What will I learn in this Acquisition and Contract Management certification course?

Students will learn about the procurement and contracting procedures, including procuring products and services, pricing, contract negotiation, contract administration, contract law, and duties from contract award through contract termination. There will be a focus on federal contracting, and commercial contracting will also be covered. Thus, the Federal Acquisition Regulations will be studied as part of this curriculum.

A master’s degree in acquisition and contract management is designed for individuals from a variety of backgrounds who want to improve their careers in the public, commercial, government, and military sectors. It gives students the skills they need to manage a contract’s entire life cycle.

This Zoe course will empower participants with a curriculum that includes general education courses as well as elective courses to delve into sub-areas such as subcontracting, contract administration, the contracting cycle, supply chain management, and federal supply (GSA) schedule contracting.

Course Objectives

The objective of the focus in acquisition and contract management course by Zoe Talent Solutions are:                         

• To provide the understanding of key business ideas, theories, and applications
• Students will exhibit an understanding of essential management ideas and techniques
• Demonstrated ability to use critical-thinking abilities to examine business challenges, with an emphasis on contract management and acquisition
• Course Participants will be able to develop an audience-appropriate document that is clear and well-organized, as well as suits the intended goal
• Knowledge, awareness, and respect for ethical norms, as well as the importance of cultural, sociological, and human diversity in the global economy as it applies to business and the practise of acquisition and contract management
• Students will exhibit knowledge and awareness of the global economy and diversity in business
• Participants will use their theoretical understanding in real-world circumstances
• Participants will be able to work in groups to solve problems

Training Methodology

Participants pursuing a master’s degree in acquisition and contract management gain practical experience in the field during their final year of study by working with organisations that require this expertise. The Senior Capstone Project allows participants to engage in a collaborative atmosphere on a complicated, real-life contract management problem to use research skills, explore various courses of action, and make recommendations to the client.

The workshop will provide’ hands-on’ experience in the drafting of commercial contracts and discuss case studies on dispute management and provide case studies.

This Acquisition and Contract Management certification course follows the “Do–Review–Learn–Apply Model”.

Organisational Benefits

With professionals undertaking this training course by Zoe Talent Solutions, their organisations will benefit in the following ways:

• Identify needs, implement plans, and analyses objectives to improve business performance
• Controls spending through improving expenditure visibility and assisting organisations with financial transaction monitor
• Improve the e-procurement management in the organization as the professionals get equipped with state-of-the-art technology and the latest trends in the industry
• Understand the importance of effective formation, implementation, and evaluation of contracts to maximise corporate performance and minimise risk
• Knowledge of Contract lifecycle management businesses to improve the overall performance and achieve business goals

Personal Benefits

Through this course by Zoe Talent Solutions, you will learn how to:

• Create a life-cycle-based acquisition strategy and integrate supply chain management principles, techniques, and procedures across the purchases
• Conduct legal and ethical governmental, private, and international acquisitions
• Utilize post-award concepts and techniques to expedite the purchase process
• Conduct a strategic source selection of products and services
• Create a thorough plan to handle commodities acquisition and logistics
• Create a successful acquisition sustainability plan that includes risk management strategies to support product and service delivery
• Acquisition and contract management differ significantly between public, commercial, and military companies. Because all businesses execute acquisition and contracting duties as part of their operations, this knowledge is applicable to any industry

Who Should Attend?

This course is important for all employees employed at the managerial level in any business sector or industry. However, prerequisite courses are necessary for students whose undergraduate major is not in business or who have not previously completed the prerequisite courses. Thus, the course is for anyone and everyone with previous business knowledge or not, at the academic level.

Course Outline

The course covers the following areas important for one to become Acquisition and Contract Management Certified:

Module 1: Introduction

• Intention
• Terms and Definitions
• Abbreviations
• Purchasing and Contracting Personnel Training
• Ethics Policies and Standards
• Competing Interests
• New Legislative Ethics, Purchasing, and Contracting Requirements
• Disclosure of Potentially Involved parties

Module 2: Team in Charge of Contracts

• Communication Strategy
• Choosing a Method for Competitive Procurement
• Contract Content Planning
• Information Security; Electronic and Information Resource Access
• Retention of Records

Module 3: Solicitation Preparation

• Requirements for Historically Underutilized Businesses (HUBs)
• Contract Duration
• Historical Background
• Submission Requirements for Proposals
• Proposal Evaluation
• Requirements for Solicitation
• Payment Methods

Module 4: Publication of the Request for Proposals

• Promotion
• Announcements of Solicitation
• Interaction with Respondents
• Written Exams
• Pre-Proposal Meetings
• Submission and Opening of Solicitations

Module 5: Evaluation and Recognition

• Evaluation Manual
• Evaluation Committee
• Responsive Proposals
• One-Way Responses
• Evaluation of Proposals
• Bibliography
• Oral Presentations and Debates
• Best and Final Offers
• Bargaining

Module 6: Contract Formation

• Contract Formation
• Contract Formation Methodology
• Contractual Legal Elements
• Contract Drafting
• Contract Structure
• Contractual Conditions
• Contract Signing Authority

Module 7: Administration of Contracts

• The Importance of SOW Planning
• Monitoring Performance
• Obligations for Contract Reporting
• Billing and Payments
• Process of Change Management
• Procedure for Resolving Disputes
• Closure
• Contract Expiration