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Commercial contracting video lessons: bit.ly/3OKpa3D As a procurement student taking cips exams l4m3 basically commercial contracting the first thing you need to know is that the module’s purpose is to put you in a positing to describe the key elements and legal aspects of formal commercial contracts, and analyse and interpret the fundamentals of specifications and key performance indicators that are included in contractual arrangements made with suppliers. You need to remember that in any organisation, a significant element of the procurement and supply function is based around the contracting process. The module has 3 major parts with a lot of elements in between and the parts are: 1. Understand the legal issues that relate to the formation of contracts 2. Understand the fundamentals of specifications and key performance indicators that are included in contractual arrangements made with suppliers 3. Understand the key clauses that are included in formal contracts TIME STAMP 00:00 overview of the module 01:34 PART ONE: understand the legal issues that relate to the formation of contracts 02:10 LEARNING OUTCOME 1 06:28 About quotations 07:58 Regarding tenders 13:49 Developing specifications 15:47 Key performance indicators (KIPs) 17:05 Contractual terms 19:53 Standard & Model form contracts 21:10 Key sections of the contractual terms document 21:42 Pricing & other schedules 24:18 LEARNING OUTCOME 2 27:56 The offer 29:20 Acceptance of the offer 30:16 Consideration 32:25 The battle of forms & precedence of contract terms 34:37 the vienna convention on contracts of international sale of goods 36:57 LEARNING OUTCOME 3 37:32 one off purchase 39: 14 framework arrangements & agreements 42:50 services contracts 45:32 contracts for the hiring and leasing of assets 46:46 PART TWO - understand the fundamentals of specifications and key performance indicators that are included in contractual arrangements made with suppliers 47:10 LEARNING OUTCOME 1 51:00 LEARNING OUTCOME 2 54:53 PART 3 Social links TRY HUBSPOT CRM FOR FREE: https://hubspot.sjv.io/c/2734607/1001... PRACTICE EXERCISE AND VIDEO LESSONS……………………… https://zeritenetwork.com/courses/ MY ONLINE COURSES……………………………………………….. Managing contract risks: https://bit.ly/3IojJnm How to write a business plan and Pitch it: https://bit.ly/3Mg4or5 Commercial Contracting in procurement and supply: https://bit.ly/3TgpJDY SUPPORT THIS CHANNEL……………………………………………. / zeritenetwork CONNECT ON SOCIAL MEDIA……………………………………… Facebook: / zeritenetwork Instagram: / zeritenetwork Twitter: / zeritenetwork LinkedIn: / mosesmanuel