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    PSCM 5 Contractual Management

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    Ánh Lăng
    The document discusses legal and contract management. It defines a contract as an agreement between a seller and buyer. It outlines important elements of a valid contract and terms of an implied contract of sale. It also lists some hot topics in contracts such as breach of contract and force majeure. The document explains that contract management has four components: setting up a team, managing the relationship, contract administration, and managing service performance. It provides details on managing contract performance through setting performance measures, indicators, standards, and targets.

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    PSCM 5 Contractual Management

    Uploaded by

    Ánh Lăng
    16 views6 pages
    The document discusses legal and contract management. It defines a contract as an agreement between a seller and buyer. It outlines important elements of a valid contract and terms of an implied contract of sale. It also lists some hot topics in contracts such as breach of contract and force majeure. The document explains that contract management has four components: setting up a team, managing the relationship, contract administration, and managing service performance. It provides details on managing contract performance through setting performance measures, indicators, standards, and targets.

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    The document discusses legal and contract management. It defines a contract as an agreement between a seller and buyer. It outlines important elements of a valid contract and terms of an implied contract of sale. It also lists some hot topics in contracts such as breach of contract and force majeure. The document explains that contract management has four components: setting up a team, managing the relationship, contract administration, and managing service performance. It provides details on managing contract performance through setting performance measures, indicators, standards, and targets.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    16 views6 pages

    PSCM 5 Contractual Management

    Uploaded by

    Ánh Lăng
    The document discusses legal and contract management. It defines a contract as an agreement between a seller and buyer. It outlines important elements of a valid contract and terms of an implied contract of sale. It also lists some hot topics in contracts such as breach of contract and force majeure. The document explains that contract management has four components: setting up a team, managing the relationship, contract administration, and managing service performance. It provides details on managing contract performance through setting performance measures, indicators, standards, and targets.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    4/18/2023

    Legal & Contract


    Management
    Compiled by: Dr. Joan Serafica Gorospe

    Learning objectives

    At the end of the unit, the student is able to:

    -explain the importance of contract and contract


    management in procurement.
    -discuss the important elements of a contract
    -cite and explain the hot topics involve in a
    contract
    -explain the scope of contract management

    1
    4/18/2023

    Legal & Contract Management


    What is a Contract

    A contract is an
    agreement between
    the seller and buyer.

    Dr. Joan Serafica Gorospe

    Legal & Contract Management


    Elements of a Valid Contract

    Dr. Joan Serafica Gorospe

    2
    4/18/2023

    Legal & Contract Management


    Terms of the Contract

    Express
    Terms

    Implied
    Terms

    Dr. Joan Serafica Gorospe

    Legal & Contract Management


    Terms of Implied Contract of Sale
    Sale by
    Title
    description

    Fitness for
    Purpose

    Satisfactory Correspondence
    Quality with sample
    Dr. Joan Serafica Gorospe

    3
    4/18/2023

    Legal & Contract Management


    Contract’s HOT topics

    - Breach of Contract
    - Retention of Title
    - Contract definition
    - Letters of Intent
    - Force majeure
    - Liquidated damages

    Contract Management
    Four Components of Contract Management

    Setting up
    the team

    Managing
    Contract Managing
    service
    Relationship
    management performance

    Contract
    Administration

    Dr. Joan Serafica Gorospe

    4
    4/18/2023

    Contract Management
    Managing Contract Performance

    Performance
    Measures

    Cost, Data Collection Set Performance


    & Analysis Indicators

    Establish
    Set targets
    standards

    Dr. Joan Serafica Gorospe

    Contract Management

    End

    Thank you
    Dr. Joan Serafica Gorospe

    10

    5
    4/18/2023

    Contract Management
    Reference

    Farrington & Lysons. (2020). Procurement and


    Supply Chain Management. Cencage Learning.
    Australia

    11

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