Contracts Management/Contracts Administration

Contracts Management/Contracts Administration

Courses Tabs

Overview
CLE Hours: 
20.0
CLE Credit: 
Substantive
Course Level: 
Advanced
Prerequisite: 
General knowledge of contract law. Familiar with process involved with breach of contracts. General understanding of the Uniform Commercial Code.
Fees: 
$250 for Members and $300 for Nonmembers
Course Materials: 
Each module contains an audio/text lecture with slides to illustrate the lecture points. A test covering the module lecture is at the end of each module. The course features a full glossary.

Contract administration or contract management (the terms are interchangeable) involves the drafting, reviewing, revising, and analyzing contracts, as well as implementing systems and using software designed to ensure accurate tracking and recordkeeping regarding the fulfillment of contractual obligations.  Those who work in this area must be well-versed in contract law and in office practices and procedures applicable to contract law practice.

Contract Administrators/Managers are employed by attorneys and law offices, and in corporations, businesses, labor organizations, governmental agencies, and academic institutions.

Paralegals working in this area have identified the following tasks as usual practice in this field.  Those receiving certification in this area will have demonstrated the ability to:

  • Identify the basic requirements of contracts and contract amendments
  • Work with internal business groups representing outside vendor services to determine need for and scope of potential contracts
  • Negotiate contract terms with outside vendors
  • Draft appropriate contracts and amendments
  • Interpret contract provisions critically
  • Use practice references appropriately
  • Recognize unique requirements, characteristics, and issues that arise in different contract settings
  • Formulate appropriate contract administration practices and office procedures, and assess computer software
  • Describe government contract practice and regulation of contract provisions
  • Identify relevant ethical concerns and utilize appropriate methods of dealing with ethical issues
  • Respond appropriately to the needs and desires of employers, attorneys, and clients in contract practice
  • Maintain database and/or central repository of all existing contracts
  • Create contract clause manual for boilerplate contract language
  • Develop standard service contracts for routine services

Contract administrators are also responsible for monitoring and maintaining performance of contracts.  Those receiving the certification will have demonstrated the ability to:

  • Managing relationships with contractors in accordance with organizational policies and procedures
  • Monitoring performance of contracts against performance indicators to ensure all obligations under agreements are being met
  • Ensuring that obligations to contractors are met in accordance with contractual agreements
  • Identifying and managing a merging and potential risks in accordance with organizational risk management procedures
  • Managing contract variations in accordance with contract provisions and organizational policy and procedures
  • Investigating and resolving or referring as appropriate disputes/complaints in accordance with contractual requirements
  • Communicating points and negotiation relating to the contract
  • Obtaining approvals in accordance with stipulations in the contract proper
  • Maintaining communication on the performance of the contract with all stakeholders in accordance with organizational protocols and standards
  • Maintaining contract information for organizational purposes in accordance with organizational policy and procedures

In addition to a thorough knowledge of contract law, the areas of substantive law identified by those working in this field as most often encountered include: administrative law, business organizations, entertainment/media law, insurance, labor relations, and real property. Those seeking certification in this area should anticipate a working knowledge of one or more of these areas of law.