CIPS L4M3 Commercial Contracting

Categories: CIPS L4

About Course

This module provides a foundational understanding of the legal aspects of formal commercial contracts. It covers the documentation comprising an agreement, the fundamentals of KPIs, and the key clauses included in formal contracts.

Understand legal issues relating to contract formation, including offer, acceptance, and consideration.
Analyse essential contract documentation like ITTs, RFQs, and pricing schedules.
Compare types of agreements such as framework arrangements, call-offs, and leasing.
Appraise the use of Key Performance Indicators (KPIs) and Service Level Agreements (SLAs).
Analyse the purpose of express and implied terms and the use of model form contracts.
Recognise types of pricing arrangements, including fixed-pricing and cost-plus models.

Course Content

CIPS L4M3 LO1 Understand the legal issues that relate to the formation of contracts

When to Use ITT vs RFQ ?
Finalising Contract Terms
Examples of Pricing and other schedules (Attachments)
Misrepresentations Made Pre-Contract Award

CIPS L4M3 LO2 Understand the fundamentals of specifications and key performance indicators that are included in contractual arrangements made with suppliers

CIPS L4M3 LO3 Understand the key clauses that are included in formal contracts

First Round Assignment

CIPS L4M3 Mock Questions

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CIPS L4M3 Commercial Contracting

About Course

What Will You Learn?

Course Content

CIPS L4M3 LO1 Understand the legal issues that relate to the formation of contracts

When to Use ITT vs RFQ ?

Finalising Contract Terms

Examples of Pricing and other schedules (Attachments)

Misrepresentations Made Pre-Contract Award

CIPS L4M3 LO2 Understand the fundamentals of specifications and key performance indicators that are included in contractual arrangements made with suppliers

Developing Specifications and Market Dialogue

Drafting Specifications as Binding Legal Documents (Cleaning Services)

Defining KPI Data, Sources, and Control (Cleaning Services)

Defining KPIs in Practice (Cleaning Services)

Making the SLA Contractually Binding in Practice

CIPS L4M3 LO3 Understand the key clauses that are included in formal contracts

Ineffective Standard Contract Terms

Using Model Forms of Contract in Practice [FIDIC , NEC, etc]

Liabilities and Indemnities in a Cleaning Services Contract

Force Majeure in a Cleaning Services Contract

First Round Assignment

Learning Outcome 1 Reflection

Learning Outcome 2 Reflection

Learning Outcome 3 Reflection

CIPS L4M3 Mock Questions

184 CIPS L4M3 Mock Questions

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