A purchase order or a contract is a transaction that has legal implications. Purchasing operates at the hub of an organisation's communication networks, with the external system represented by suppliers and the internal system represented by the functional groups within the organisation. This one-day foundation programme equips you with knowledge and techniques for effective purchasing, as well as the legal implications of purchasing decisions, and is facilitated by an expert trainer with extensive experience holding leadership positions in procurement and managing contracts.
Fees include course materials, breakfast and lunch, and the Certificate of Competency. Members save S$60 on this programme.
What you will be able to do
By the end of this programme you will be able to:
- Establish when a purchase contract has been legally formed
- Set out the essential terms and conditions of a purchase contract
- Draft the key clauses used in purchase contracts
- Identify vitiating factors and the legal authority and liability of purchasing staff
- Manage contract risks and handle contractual disputes as they arise
Programme outline
A purchase order or a contract is a transaction that has legal implications, and purchasing sits at the hub of an organisation's communication networks, externally with suppliers and internally with the functional groups it serves. The programme covers techniques for effective purchasing together with the legal implications of purchasing decisions, and the training session is interspersed with exercises on purchase contracts. You will finish able to treat each purchase order and contract as the legal commitment it is.
- Legality of Contract Formation
- Essential Terms and Conditions of Purchase Contracts
- Drafting Key Clauses of Purchase Contracts
- Legal Implications and Vitiating Factors of Purchase Contracts
- Legal Authority and Liability of Purchasing Staff
- Managing Contract Risks and Contractual Disputes
- Practical Exercises on Purchase Contracts
Who should attend
You issue, review or administer purchase orders and supplier contracts, and each one is a transaction that carries legal implications. The programme is intended for Purchasing Officers, Procurement Executives, Contracts Officers and Contract Administrators, along with project, engineering and operations staff who raise orders against supplier terms. It is pitched at the non-lawyer who needs to know which clauses matter and where a purchasing officer's authority and liability begin and end.
Approving this for your team? The programme is suitable for staff development budgets, and SIPMM can invoice your organisation directly and arrange group registrations.
Your trainer
Teaching is led by an expert trainer with extensive experience holding leadership positions in procurement and in managing contracts, and the session is interspersed with exercises on purchase contracts.
This programme awards 1 Certificate of Competency
Certificates of Competency build towards SIPMM's professional designations. ASP™ and AIP™ require three, and Chartered status requires an active designation plus two at managerial or leadership level.
Deliver this programme in-house
This programme can be run for your team at your premises or at SIPMM, tailored to your organisation's categories and operations.