Workshop 1 L4M3: Commercial Contracting

Module purpose

On completion of this module, learners will be able to describe the key elements and legal
aspects of formal commercial contracts, and analyse and interpret the fundamentals
of specifications and key performance indicators that are included in contractual
arrangements made with suppliers.

Module aim(s)

In any organisation, a significant element of the procurement and supply function is based
around the contracting process. If they are to be successful, contracts must be clearly
defined, be cognisant of legal requirements and contain key clauses and terms. This module
is designed for those working in the procurement and supply field, or those who have
responsibility for the development of legally binding contracts with suppliers.