Drafting Contracts for Procurement Professionals
Speaker: Kenneth Jones
Speaker Designation: Procurement Specialist
Speaker: Kenneth Jones
Speaker Designation: Procurement Specialist
This webinar is geared toward informing participants about important terms and conditions to know when drafting a contract for your organization. This is presented from a pier perspective based on years of experience drafting contracts and not a legal review presentation by an Attorney.
Understanding the terms of a contract is especially important when problems arise with a contractor or with organizational priorities. The object of the webinar is to make you a better advocate for your organization when contracting with a vendor. Sample language will be reviewed that may assist you in strengthening the next contract you are required to draft.
Attend this webinar to gain an understanding of the documents and section types necessary to draft a procurement contract. Use clauses to prevent getting locked into a bad contract. Learn about tools to control cost escalations.
Learn terms that may impact your contract and your employer. Get a head start on what to look out for in a common vendor agreement. Discover what terms to include to strengthen the position of your company or agency. Gain an understanding of what terms may be considered deal breakers vs. a business decision. Receive information on the importance of terms to be used to prevent being held hostage by an underperforming vendor under contract.
Key Learning Objectives of this Topic are :
Drafting contracts for procurement professionals is a nuanced task that requires a comprehensive understanding of legal intricacies, business requirements, and industry standards. Procurement contracts play a pivotal role in defining the terms and conditions of agreements between buyers and suppliers. Whether managing vendor relationships, ensuring regulatory compliance, or mitigating potential risks, effective contract drafting is a cornerstone for procurement professionals seeking to drive positive outcomes in their organizations.
Ken Jones has been working in the public and non-profit procurement field for 30 years. He worked for the New York State Office of Taxation and Finance as a Purchasing Assistant from 1985-87 and left there to work for the University at Albany, SUNY where he served as a Purchasing Agent and in 1999 was the Assistant Director supervising and providing training for the Office of Purchasing and Contracts. This included proving training for both State procurement and The Research Foundation for SUNY procurement rules and regulations. His previous purchasing experience included procuring commodities, services, and construction for the departments on campus. A past Director of the SUNY Purchasing Association, Ken retired from the position of Assistant Director in January of 2014. However, he was requested to continue to assist the office through the end of 2014 and is again doing so. Until 2020, Ken worked part-time for the SUNY Center for International Development as a Procurement Specialist assisting primarily with training and reviewing the work of procurement staff in Nairobi, Kenya with the AHADI program in Kenya, Africa. Ken has trained many University staff on procurement rules and regulations. He established online ordering processes with vendors ranging from Office supplies to Lab chemicals and continues to provide training in his current position. Ken has presented on various procurement topics both in person and on the Web.
