Commercial contracting video lessons: bit.ly/3OKpa3D
As a procurement student taking cips exams l4m3 basically commercial contracting the first thing you need to know is that the module’s purpose is to put you in a positing to describe the key elements and legal aspects of formal commercial contracts, and analyse and interpret the fundamentals of specifications and key performance indicators that are included in contractual
arrangements made with suppliers.
You need to remember that in any organisation, a significant element of the procurement and supply function is based around the contracting process.
The module has 3 major parts with a lot of elements in between and the parts are:
1. Understand the legal issues that relate to the formation of contracts
2. Understand the fundamentals of specifications and key performance indicators that are included in contractual arrangements made with suppliers
3. Understand the key clauses that are included in formal contracts
TIME STAMP
00:00 overview of the module
01:34 PART ONE: understand the legal issues that relate to the formation of contracts
02:10 LEARNING OUTCOME 1
06:28 About quotations
07:58 Regarding tenders
13:49 Developing specifications
15:47 Key performance indicators (KIPs)
17:05 Contractual terms
19:53 Standard & Model form contracts
21:10 Key sections of the contractual terms document
21:42 Pricing & other schedules
24:18 LEARNING OUTCOME 2
27:56 The offer
29:20 Acceptance of the offer
30:16 Consideration
32:25 The battle of forms & precedence of contract terms
34:37 the vienna convention on contracts of international sale of goods
36:57 LEARNING OUTCOME 3
37:32 one off purchase
39: 14 framework arrangements & agreements
42:50 services contracts
45:32 contracts for the hiring and leasing of assets
46:46 PART TWO - understand the fundamentals of specifications and key performance indicators that are included in contractual arrangements made with suppliers
47:10 LEARNING OUTCOME 1
51:00 LEARNING OUTCOME 2
54:53 PART 3
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