CICCM - Certified International Commercial Contracts Manager
IFPSM - International Federation of Purchasing and Supply Management
Overview
IFPSM has designed the CICCM certification program for International business experts handling Commercial Contracts. This program helps professionals establish and manage end – end contracts with tactical approach.
About IFPSM:
IFPSM is the Global Quality Standard for Supply Chain Educational Programs. 250,000 professionals across 48 countries benefit from our learnings. The course criteria have been developed by a Board of eminent Supply Chain Practitioners and Academics from around the world to reflect current needs of professionals wherever they operate. The standard is under continuous review to reflect changing needs of the supply chain community.
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Course Content
Unit 1 – Contracts
- Contract Definition and Elements
- Alternative Dispute Resolution
- Arbitration & Legal Issues
- Contracts Types & Categories
- Unilateral and Bilateral
Unit 2 – Best Practices
- Strong and Lean structures
- Value Proposition Evolvement
- 360 degree Alignment & ROI
- Early Involvement and Influence
- Supply Risk Vs Reward
- Service Delivery Model
- Opportunism and Deliberation with Full capability
Unit 3 – Bid Process and Rules
- The Sourcing Life Cycle
- Customer Value
- Procurement Planning & Risk
- Competitive Bidding
- Negotiation & Selection
- Analysis & Comparison Methods
- Opportunity and Risk Assessment
- Source Selection & Checklist
Unit 4 – Types of Contract
- Fixed Price with Economic Price Adjustment
- Blanket Agreement
- Cost No-Fee & types of Cost sharing and Plus
- Time and Materials with Labor Hour
- Letter Contracts & Letter Of Credits list
Unit 5 – Change Clauses & Provisions
- Administrative & Cardinal Change
- Constructive, Unilateral and Bilateral Changes
- Equitable Adjustments
- Assertion of Claim
- Cost Overruns & Growth
Unit 6 – Selecting Appropriate Contract types
- Factors in contract type selection
- 5 Stage Process for Uncertainty & Cost Risk
- Risk allocation by Contract Type
- Price & Cost Analysis
- Period of Performance & Concurrence
- Nature & Extent of Subcontracting
- Supplier Capabilities & Accounting Systems
Unit 7 – Contract Administrator & Closeout
- Core Administration & Process & Team
- Planning and Involvement Stage
- Challenges of Administrator
- Influencing factors in the process
- Contract Close Out, Completion Statement and Dispose of Files
- De-Obligation of Excess Funds
Unit 8 – Drafting Guidelines
- Structure & Definitions
- Captions and its Recitals and Transition
- Languages & Drafting Contracts
- Closing
- Provisions/Clauses to Always Include
- Practical Contract-Drafting Tips
- Simplified & Comprehensive Drafting
Learner's Profile
The course is designed to support professionals moving into, or who are already in supervisory or team-leader roles but require training and development to understand the complete contracts and compliance in procurement department.
Key Topics
- Contract Administrative Ideas & Concepts
- Application of Contract
- Buyer & Supplier arrangement
- Performance Compliance with Contract
- Problem solving and Contract life cycle
- Certainties with contract changes
- Negotiate & fair adjustments,
- Documentation, Do & Don’t pertaining to the contract
Course Objectives
After completing this course the individual will be able to take a strategic approach in contract management to prepare full proof contracts. This will support in effectively managing legalities and risk pertaining to the buying process.
Entry Qualification
- Under Graduates
- Graduate
- Working in Commercial Contracts Departments
- New to contracts
Career Opportunities
- Contract Management
- Purchasing Officer
- Tender Manager
- Compliance manager
- Supplier Manager
- Supplier Relationship Manager
- Vendor Manager
- Sourcing Officer
- Contact Negotiator
Next steps
This course is a step towards earning Diploma in procurement from any recognised body.