CIPS L4 Diploma

L4M3 Commercial Contracting

On-demand tuition provides access to a full suite of our excellent teaching materials, and importantly a pre-recorded tutor explanation of all theory split into convenient small sections. You can access these resources whenever you desire, from everywhere, with tutor support being provided as required.

On completion of this module, learners will be able to describe the key elements and legal aspects of formal commercial contracts, analyse and interpret the fundamentals of specifications and key performance indicators that are included in contractual arrangements made with suppliers.

Course curriculum

  • 1

    Course Preview and Explanation

    • Course Preview and Explanation
  • 2

    LO|1 Legal Issues in relation to Commercial Contracts

    • LO|1 Session Notes

    • LO1.1 | Analyse the documentation that can comprise a commercial agreement for the supply of goods and services

    • LO1.2|Analyse the legal issues that relate to the creation of commercial agreements with customers or suppliers

    • LO1.3|Compare the types of contractual agreements made between customers and suppliers

    • LO|1 Practice Questions
  • 3

    LO|2 Specifications and key performance indicators

    • LO|2 Session Notes

    • LO|1 Recap (key case law)

    • LO|2.1 Analyse the content of specifications for procurement

    • LO|2.2 Appraise examples of key performance indicators (KPIs) in contractual agreements

    • LO|2 Practice Questions
  • 4

    LO|3 Key clauses that are included in formal contracts

    • LO|3 Session Notes

    • LO|3.1 Analyse contractual terms for contracts that are created with external organisations

    • LO|3.2 Recognise examples of contractual terms typically incorporated into contracts that are created with external organisations

    • LO|3.3 Recognise types of pricing arrangements in commercial agreements

    • LO|3 Practice Questions
  • 5

    CIPS Practice Questions

    • CIPS Practice Questions