This module is part of the CCMA Exam Prep.

This module introduces the basic principles of contracts – the essential elements of the contract process and what constitutes a contract. It supports the Contract Management Standard by providing insight to the core principles that underlie the formation of contracts and explaining the various types and principles related to pricing and payment. These are core components of the Guiding Principles, in particular 1.1.1 (Knowledge) and 1.2 (Commercial Acumen).

Learning Outcomes: 

• Define what a contract is
• Recognize the nature and purpose of preliminary agreements
• Identify the different types of contracts
• Explain pricing principles (how a supplier decides what to charge and how to charge for goods or services)
• Explain payment terms (different approaches to managing payment)

Who Should Attend?

•  For those interested in learning the foundations of Guiding Principles strategies, including knowledge, skills and roles, commercial acumen, and business ethics within the Contract Management Standard   

Included Content:

• Equivalent to CCMA 2: Essentials Module

Bonus Content:

• World Congress 2024 Session: Promoting Integrity in AI
• World Congress 2024 Session: Fixed Price Award Fee
• Article: Terminations for Convenience: Why Contract Type Matters
• Article: Defining and Evaluating Contract Scope

Cost: $99 Member/$125 Non-Member         

Course Credit and Course Page Access:

• Upon successful completion of the course, students will earn 4.5 Continuing Professional Education (CPE/CLP) hours. 
  
  • Taking this course will help prepare you but does not equal or guarantee your certification.
  • For questions about the CCMA preparation and exam process, contact [email protected].

Registration Event Confirmation and Access: 

• You will receive your event confirmation within 24-48 hours of registration. 
• To access your course, visit My Virtual Training. 
  • You will need to log in with your NCMA profile to access your virtual training.
• If you have difficulty accessing your virtual training, please contact [email protected] for assistance.

For questions about this training, please contact [email protected].