Commercial Contracting (L4M3)

Module Purpose

On completion of this module, learners will be able to describe the key elements and legal aspects of formal commercial contracts, analyse and interpret the fundamentals of specifications and key performance indicators that are included in contractual arrangements made with suppliers.

Module aim(s)

In any organisation, a significant element of the procurement and supply function is based around the contracting process. If they are to be successful, contracts must be clearly defined, aligned with legal requirements and contain key clauses and terms. This module is applicable for all procurement and supply professionals as it highlights legal principles that professionals should consider when developing contractual relations.

Next steps

Starting a CIPS qualification programme means you will join the largest institute in the world for those working in procurement and supply. You can join as a student member online today. Once joined you can book your examinations online