Global Learning for Operational Leaders
Introduction
Course overview
Contracts often promise value that is never fully delivered. Overcharging, incorrect rates, unapproved variations, missed service credits, unenforced obligations and non-compliance with contract terms can quietly erode the benefits that organisations expected when they signed. Contract audits provide independent assurance and frequently recover significant sums.
This Contract Audit and Compliance Review training course teaches participants how to plan and perform audits of contracts and contract management. Participants learn how to select contracts for review, understand contract terms and pricing mechanisms, test invoices and payments, verify delivery and performance, review variations and claims, assess contract management controls, use data analytics and report findings and recoveries.
The course is suitable for internal auditors, contract managers, procurement professionals and finance staff.