About This Course
Drafting contracts is more than filling in a template—it’s a critical skill that ensures your vendors deliver the right services, at the right cost, with clear expectations and accountability. Whether you’re sourcing cleaning services, HVAC maintenance, or IT hardware, every clause in your agreement contributes to a compliant, efficient and low-risk facilities environment.
You'll learn how to build solid vendor agreements that stand up to scrutiny and prevent disputes. This course guides Facilities and Procurement professionals through essential contract elements—from identifying parties and scope of work to setting payment terms, termination triggers, and confidentiality standards. You’ll explore real-world challenges like omissions, ambiguity, and common errors—along with solutions for review, approval, and legal validation.
By the end of this course, you will:
- Understand the full lifecycle of contract drafting from needs assessment to sign-off.
- Learn how to define scope, payment terms, penalties, and vendor obligations.
- Identify key legal clauses: NDA, indemnity, termination, renewal, and service levels.
- Evaluate draft contracts to spot ambiguities, omissions, or risky financial terms.
- Understand the FM/PM’s role in verifying, reviewing, and aligning agreements with business goals.
- Apply best practices for contract security, compliance, and vendor accountability.
Topics Covered:
- Developing a Draft Agreement
- Role of the FM/PM in Drafting a Contract
- Challenges in Drafting Contracts or Agreements
Course Duration: Approximately 20 minutes
Access to Course: 7 days from date of purchase
