Contract Management Sample Outline: Guide to Effective Contracts

Introduction and Purpose

Several topics will be covered in the contract draft, including the contract blog, EmployerLINC, and center law.

The topics will guide the development of the contract framework. A contract blog refers to the statement topic defining contract law, which includes the relationship between third parties and employees (Crespi, 2022).

The contract blog also includes technology-related issues, events, and news. EmployerLINC refers to a provision addressing the employer’s audience and explores issues such as labor and employment.

It covers issues relating to benefits and compensation that the employees are guaranteed. Center law is based on business, federal procurements, and regulations dictating the use of the Internet on daily contract operations.

The purpose of administering this contract is to ascertain that the design contractor and professional perform as stipulated by all the terms and conditions of the contractual agreement (Finnegan, 2020).

This will ensure continual and ongoing monitoring of the contractor and professional performance, which is critical to the success of the contract.

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Statement of expectation

The selling organization approves private and subcontracted trainers for vocational training and education.

These parties are responsible for instilling knowledge and skills in employees to help them meet contract objectives (Marcet & Marimon, 2019).

The trainers are required to be competent in offering relevant, qualitative, and appropriate skills. Training takes about two months, and the employees are expected to know the specifications and needs of the contract.

The organization is required to present qualified trainers that will assist the government agency in achieving its goals.

The bidding process will be used to select trainers, with only the most reliable and competent trainers qualifying.

The contract must have a success rate of above 78%. All employees must understand all aspects of the contract affecting contact development.

An appropriate contract format

The stakeholders must be provided with information regarding the contract at every implementation stage.

The previous phase of the contract development left stakeholders needing more information relating to the contract and application process. Therefore, it is vital to communicate all facts regarding the contract (Marcet & Marimon, 2019).

To ensure that stakeholders’ needs are fulfilled, an acceptance request form must be used for evaluation.

A fixed-price contract is appropriate for this situation. The reason is that there is a mutual agreement between both parties on the project cost, the buyer and the seller agreement (Finnegan, 2020).

This reduces the probability of contract breaching primarily during payment. The buyers will be required to use full details as stipulated by the seller, therefore, providing the checklist on the scope statement of the project.

A fixed-price contract is essential in this scenario because it eliminates the conflict between the buyer and the seller.

Appropriate terms to incorporate from the Uniform Commercial Code (provide the UCC designation and the title, not the complete wording in the code)

Article 1 of the UCC 1-304 Obligation of Good Faith will be used and incorporated into the contract. The act requires the officers in both parties performing the capacity of corporate fiduciaries to act with a conscious relating to their role (Mendicino et al.,  2019).

The contract will include Article 2, code 2-205 Firm Offers and 2-206, Offer and Acceptance in Formulation of Contract. These terms cover the services expected to be offered to the buyer and whether the contract can be changed (Wu et al., 2020).

Additionally, the terms provide for the accepted duration of the services and the offer to make a contract.

References

Crespi, G. S. (2022). ” Firm Offers” under UCC Section 2-205 Should Be Treated the Same Way as Offers Included in Option Contracts. SMU L. Rev. F., 75, 285.

Finnegan, D. L. (2020). Private ordering, dynamic merchant tradition, and the Uniform Commercial Code. In Research Handbook on International Commercial Contracts (pp. 181-195). Edward Elgar Publishing.

Marcet, A., & Marimon, R. (2019). Recursive contracts. Econometrica, 87(5), 1589-1631.

Mendicino, L., Menniti, D., Pinnarelli, A., & Sorrentino, N. (2019). Corporate power purchase agreement: Formulation of the related levelized cost of energy and its application to a real-life case study. Applied Energy, 253, 113577.

Wu, D., Chen, J., Li, P., & Zhang, R. (2020). Contract coordination of dual channel reverse supply chain considering service level. Journal of Cleaner Production, 260, 121071.