CICCM - Certified International Commercial Contracts Manager
Course Description
The global supply chain market is expected to reach $10.6 trillion by 2025. As the supply chain industry becomes increasingly complex, the need for Certified International Commercial Contracts Managers is on the rise. To meet this growing demand, we’ve developed a comprehensive course certified by the International Federation of Purchasing and Supply Management (IFPSM).
Our program places a strong emphasis on contract structuring, drafting guidelines, rules, and strategic end-to-end contract management. This empowers professionals to adeptly establish and oversee contracts with precision and tactical expertise. Join our course to not only enhance your skills but also gain access to guaranteed internships, scholarships, job assistance, and numerous additional benefits.
Course Content
Unit 1 – Contracts
- Contract Definition and Elements
- Alternative Dispute Resolution
- Arbitration & Legal Issues
- Contracts Types & Categories
- Unilateral and Bilateral
Unit 2 – Best Practices
- Strong and Lean structures
- Value Proposition Evolvement
- 360-degree Alignment & ROI
- Early Involvement and Influence
- Supply Risk Vs Reward
- Service Delivery Model
- Opportunism and Deliberation with Full capability
Unit 3 – Bid Process and Rules
- The Sourcing Life Cycle
- Customer Value
- Procurement Planning & Risk
- Competitive Bidding
- Negotiation & Selection
- Analysis & Comparison Methods
- Opportunity and Risk Assessment
- Source Selection & Checklist
Unit 4 – Types of Contract
- Fixed Price with Economic Price Adjustment
- Blanket Agreement
- Cost No-Fee & types of Cost sharing and Plus
- Time and Materials with Labor Hour
- Letter Contracts & Letter Of Credits list
Unit 5 – Change Clauses & Provisions
- Administrative & Cardinal Change
- Constructive, Unilateral and Bilateral Changes
- Equitable Adjustments
- Assertion of Claim
- Cost Overruns & Growth
Unit 6 – Selecting Appropriate Contract Types
- Factors in Contract Type Selection
- 5 Stage Process for Uncertainty & Cost Risk
- Risk Allocation by Contract Type
- Price & Cost Analysis
- Period of Performance & Concurrence
- Nature & Extent of Subcontracting
- Supplier Capabilities & Accounting Systems
Unit 7 – Contract Administrator & Closeout
- Core Administration & Process & Team
- Planning and Involvement Stage
- Challenges of Administrator
- Influencing factors in the process
- Contract Close Out, Completion Statement and Dispose of Files
- De-Obligation of Excess Funds
Unit 8 – Drafting Guidelines
- Structure & Definitions
- Captions and its Recitals and Transition
- Languages & Drafting Contracts
- Closing
- Provisions/Clauses to Always Include
- Practical Contract-Drafting Tips
- Simplified & Comprehensive Drafting
Recognitions
IFPSM is the Global Quality Standard for Supply Chain Educational Programs. 250,000 professional Capsule Training Institute’s Certified International Commercial Contracts Manager (CICCM) course holds accreditation from the International Federation of Purchasing and Supply Management (IFPSM), headquartered in Finland. Comprising 44 National and Regional Purchasing Associations, IFPSM establishes quality standards for educational programs in supply chain and procurement. Additionally, our institution’s dedication to providing high-quality private education in Dubai has received endorsement from the Knowledge and Human Development Authority (KHDA) across 48 countries to benefit from our learnings. The course criteria have been developed by a Board of eminent Supply Chain Practitioners and Academics from around the world to reflect the current needs of professionals wherever they operate. The standard is under continuous review to reflect the changing needs of the supply chain community.
Learner's Profile
This course is suitable for:
- Professionals in supervisory or team-leader roles
- Individuals transitioning into supervisory roles
- Those already working in the procurement department
- Seeking training and development in contracts and compliance understanding
Learning Outcomes
Upon completing this course at Capsule Training Institute, you will become proficient in the following areas:
- Understand contract administrative ideas & concepts.
- Apply contracts effectively.
- Learn about buyer & supplier arrangements.
- Ensure performance compliance with contracts.
- Develop problem-solving skills throughout the contract life cycle.
- Gain certainty in handling contract changes.
- Enhance negotiation skills and ensure fair adjustments.
- Familiarize yourself with documentation, including do’s and don’ts related to contracts.
Career Opportunities
Upon completing this IFPSM-approved course, you’ll qualify for various job roles worldwide. Below are a few job roles open for certified international commercial contract managers.
- Contract Manager
- Purchasing Officer
- Tender Manager
- Compliance manager
- Supplier Manager
- Supplier Relationship Manager
- Vendor Manager
- Sourcing Officer
- Contact Negotiator
Entry Qualification
- Under Graduates
- Graduate
- Working in Commercial
- Contracts Departments
- New to contracts
Key Topics
Here are some key topics you’ll explore in this contract management certification course at Capsule Training Institute.
- Contract Administrative Ideas & Concepts
- Application of Contract
- Buyer and supplier arrangement
- Performance Compliance with Contract
- Problem-solving and Contract life cycle
- Certainties with contract changes
- Negotiate & fair adjustments,
- Documentation, Do & Don’t pertain to the contract
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