Competency Details ( Contract Management )

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Competencies

Jadarat Dictionary

Contract Management

Efficiency Technical Competency

Ability to manage contract authoring, approval and execution in compliance with applicable regulations and contracting law. The knowledge of the key deliverables and obligations in a contract, agreement and service level agreements (SLA), and make them searchable, tractable and reportable.

Jadarat Code: T17

Level 1

Demonstrates a basic understanding of the organisation's applicable contracting guidelines and procedures, and the industry's contracting regulations and laws. Seeks to understand the contractual terms of agreements and the types of contracts, and applies this understanding to produce deliverables within the context of own job.

Level 2

Has specialised knowledge and understanding of the procedures, standards and guidelines set by the organization for drafting and handling contracts, in line with the applicable contracting regulations and laws. Distinguishes between the different types of contracts, agreements and service level agreements (SLAs) and initiates related deliverables within the context of own job and the team.

Level 3

Prepares drafts of contracts, agreements and service level agreements (SLAs) in accordance with the applicable regulations and business requirements. Assists others in the organization in coordinating execution of contracts in accordance with the agreed service level and contractual obligations. Identifies potential contractual issues and conflicts resulting from contract negotiations.

Level 4

Uses full knowledge for reviewing, negotiating and seeking approval on contracts, agreements and service level agreements (SLAs). Reviews contractual terms and conditions and ensures their compliance with the applicable regulations and business requirements. Shares expertise across the departments and teams for the resolution of contractual issues or conflicts.

Level 5

Applies subject matter expertise, in line with the applicable contracting regulations and laws, to develop the organization's contract management and contractual disputes resolutions strategy. Demonstrates expert understanding of contracts, agreements and service level agreements (SLAs) successes and challenges, and evaluates the execution quality and recommends and justifies necessary improvements.