Contract and Vendor Management
Manage contract creation, execution and analysis to maximise financial and operational performance and minimise risks
Type
Functional
Competency Area
Stakeholder and Customer Management
Levels
Support development of contracts and analyse contract risks
File and record documents/events/meetings in an easy retrieval manner
Support contract creation
Support analyses of risks in contract agreements by taking into consideration organisation’s best interests
Analyse risks of contract terms
Analyse risks of contract terms to the organisation’s financial, legal and operational performance
Draft contracts while taking into consideration risk elements and legal matters
Analyse performance and outputs and ensure contract terms are being followed
Develop contracts terms that are legally compliant
Review contracts and balance the interests of the organisation and risk elements
Develop contract terms and approaches that are reasonably termed and legally compliant
Develop relationships with vendors through effective communication, honesty, and integrity
Drive long-term vendor relationships
Devise contract agreements in the best interest of the organisation
Formulate contracts that accommodate changing market conditions, risks associated with uncertainties while still permitting appropriate reviews in relation to the vision and capabilities of the organisation
Drive vendor management through continuous influences to meet performance objectives to ensure profitability, and long- term partnerships