Description
Course Name: Diploma in Contract Management
Course Id: DCM/Q1001.
Eligibility: Completion of 10+2 (higher Secondary) or equivalent.
Objective: A Diploma in Contract Management is a valuable program for individuals seeking to specialize in managing contracts and legal agreements. The program provides essential skills in drafting, negotiating, and executing contracts, along with managing relationships, risks, and compliance. Graduates of this program can pursue a wide range of career opportunities in industries such as construction, IT, government, and manufacturing.
Course Duration: Six Months.
How to Enroll and Get Certified in Your Chosen Course:
Step 1: Choose the course you wish to get certified in.
Step 2: Click on the “Enroll Now” button.
Step 3: Proceed with the enrollment process.
Step 4: Enter your billing details and continue to course fee payment.
Step 5: You will be redirected to the payment gateway. Pay the course and exam fee using one of the following methods:
Debit/Credit Card, Wallet, Paytm, Net Banking, UPI, or Google Pay.
Step 6: After successful payment, you will receive your study material login ID and password via email within 48 hours of fee payment.
Step 7: Once you complete the course, take the online examination.
Step 8: Upon passing the examination, you will receive:
• A soft copy (scanned) of your certificate via email within 7 days of examination.
• A hard copy (original with official seal and signature) sent to your address within 45 day of declaration of result.
Step 9: After certification, you will be offered job opportunities aligned with your area of interest.
Online Examination Detail:
- Duration- 120 minutes.
- No. of Questions- 60. (Multiple Choice Questions).
- 10 Questions from each module, each carry 10 marks.
- Maximum Marks- 600, Passing Marks- 40%.
- There is no negative marking in this module.
| How Students will be Graded: | ||
| S.No. | Marks | Grade |
| 1 | 91-100 | O (Outstanding) |
| 2 | 81-90 | A+ (Excellent) |
| 3 | 71-80 | A (Very Good) |
| 4 | 61-70 | B (Good) |
| 5 | 51-60 | C (Average) |
| 6 | 41-50 | P (Pass) |
| 7 | 0-40 | F (Fail) |
Key Benefits of Certification- Earning a professional certification not only validates your skills but also enhances your employability. Here are the major benefits you gain:
Practical, Job-Ready Skills – Our certifications are designed to equip you with real-world, hands-on skills that match current industry demands — helping you become employment-ready from day one.
Lifetime Validity – Your certification is valid for a lifetime — no renewals or expirations. It serves as a permanent proof of your skills and training.
Lifetime Certificate Verification – Employers and institutions can verify your certification anytime through a secure and reliable verification system — adding credibility to your qualifications.
Industry-Aligned Certification –All certifications are developed in consultation with industry experts to ensure that what you learn is current, relevant, and aligned with market needs.
Preferred by Employers – Candidates from ISO-certified institutes are often prioritized by recruiters due to their exposure to standardized, high-quality training.
Free Job Assistance Based on Your Career Interests – Receive personalized job assistance and career guidance in your preferred domain, helping you land the right role faster.
Syllabus
Introduction to Contract management- Contract management procedure, Overview, Scope, Detail, Benefits of effective contract management, Contract management principles, Contract classification, Contract management process, Contracts register, Roles and responsibilities, Contract owner, Contract managers, Procurement Unit, Definitions, Contract Manager.
Contract Law and Capacities of Parties- Objectives, Introduction, Who is Competent to Contract, Position of a Minor, Agreements by Persons of Unsound Mind, Persons Disqualified by Law, types of contracts – essentials of valid contracts – offer, acceptance, consideration, the capacity of parties.
Contract Planning & Drafting- Drafting of Contract, Project integration management, Project scope management, Project schedule management, Contract Management Planning, Business Continuity, Exit Strategy, Continuing Service Requirements, Data Security and Privacy, Knowledge and Documentation Transfer.
Indemnity and Guarantee- Introduction, Meaning of Contract of Indemnity, Rights of Indemnity Holder, Meaning of Contract of Guarantee, Distinction between Contract of Indemnity and Contract of Guarantee, Extent of Surety’s Liability, Kinds of Guarantee, Revocation of Continuing Guarantee.
Legal Aspects of Contracts- Law of Contracts, Distinction between an agreement and a contract, the following are the essential elements of a valid contract, agreement, intention to create legal relationship, free consent, competence to contract, lawful consideration.
Remedies for Breach and Quasi Contracts- Introduction, Meaning of Breach of Contract, Remedies for Breach of Contract, Quasi Contracts, Quantum Merit, Anticipatory Breach of Contract, Actual Breach of Contract, Rescission ‘of the Contract, Suit for Damages, Damages for Deterioration Caused by Delay.
Job Opportunities after completion of Diploma in Contract Management course:
Graduates of the Diploma in Contract Management program are equipped with the necessary skills and knowledge to manage the legal and administrative aspects of contracts within organizations. This includes understanding the intricacies of contract law, negotiation techniques, risk management, and effective contract execution. Contract management is crucial across various industries, including construction, IT, manufacturing, real estate, and procurement.
Career Options After Completion of the Diploma in Contract Management:
1. Contract Manager
- Responsibilities: Overseeing the drafting, negotiation, and execution of contracts, ensuring that all terms and conditions are adhered to. They manage contract performance, handle disputes, and ensure legal compliance.
- Key Skills: Legal knowledge, negotiation, attention to detail, risk management, communication.
- Industries: Construction, IT, energy, government contracting, procurement, and manufacturing.
2. Contract Administrator
- Responsibilities: Administering contracts throughout their lifecycle, from creation to execution and renewal. They ensure that the contractual obligations are met and manage any amendments or modifications required.
- Key Skills: Organizational skills, legal writing, contract law, attention to detail, communication.
- Industries: Construction, real estate, manufacturing, IT, engineering.
3. Procurement Manager
- Responsibilities: Managing the sourcing and procurement of goods and services while negotiating contracts with suppliers and vendors. They ensure that contracts are in place for all purchases and that terms are favorable.
- Key Skills: Procurement strategies, negotiation, supplier relationship management, legal knowledge.
- Industries: Retail, manufacturing, government, pharmaceuticals, technology.
4. Legal Advisor – Contract Law
- Responsibilities: Advising organizations on legal aspects related to contract law, helping them avoid legal pitfalls and ensuring compliance. They also assist in dispute resolution and contract enforcement.
- Key Skills: Legal expertise in contract law, risk management, communication, problem-solving.
- Industries: Legal firms, multinational corporations, government bodies, construction companies.
5. Risk Manager
- Responsibilities: Identifying, analyzing, and mitigating risks associated with contracts. A risk manager ensures that contracts are legally sound and that any potential risks to the organization are addressed before signing.
- Key Skills: Risk assessment, legal knowledge, critical thinking, negotiation.
- Industries: Banking, insurance, construction, energy, IT, real estate.
6. Vendor Management Specialist
- Responsibilities: Managing relationships with third-party vendors and suppliers. This includes negotiating contracts, ensuring performance standards are met, and resolving any issues related to contract fulfillment.
- Key Skills: Vendor negotiation, relationship management, contract enforcement, conflict resolution.
- Industries: Retail, IT, logistics, healthcare, manufacturing.
7. Project Manager (Contract-Based Projects)
- Responsibilities: Managing projects that are governed by contracts, ensuring the project is delivered as per the contract terms, timelines, and budgets. They act as a liaison between the project team and stakeholders.
- Key Skills: Project management, contract analysis, negotiation, leadership.
- Industries: Construction, IT, engineering, event management, energy.
8. Compliance Officer (Contract Compliance)
- Responsibilities: Ensuring that the company adheres to all legal and regulatory requirements in its contracts. They monitor contract compliance and provide reports on the status of contractual obligations.
- Key Skills: Legal compliance, attention to detail, regulatory knowledge, auditing.
- Industries: Pharmaceuticals, banking, government, insurance, energy.
9. Business Development Manager (with focus on Contracts)
- Responsibilities: Managing business growth through strategic partnerships, managing the negotiation of contracts, and ensuring all contracts align with business objectives. They work closely with legal and contract management teams.
- Key Skills: Strategic thinking, contract negotiation, relationship building, market analysis.
- Industries: Consulting, IT, marketing, logistics, construction.
10. Claims Manager
- Responsibilities: Handling claims related to contracts, particularly in construction or insurance. They evaluate the terms of the contract, identify breaches, and manage any disputes or claims that arise.
- Key Skills: Dispute resolution, contract analysis, legal expertise, negotiation.
- Industries: Construction, insurance, legal firms, and engineering.
11. Contract Coordinator
- Responsibilities: Supporting the contract management team by preparing contract drafts, maintaining contract databases, and ensuring all documents are up-to-date. They assist in the coordination of contract negotiations and renewals.
- Key Skills: Administrative skills, document management, legal knowledge, organizational skills.
- Industries: Healthcare, construction, IT, public sector.
12. Construction Contract Manager
- Responsibilities: Managing contracts specifically related to construction projects, including ensuring the adherence to timelines, budgets, and project specifications. They handle disputes and claims related to construction contracts.
- Key Skills: Construction knowledge, contract law, project management, negotiation.
- Industries: Construction, civil engineering, real estate development.
Industries for Graduates of the Diploma in Contract Management:
Graduates of contract management are needed in a wide variety of sectors, including:
- Construction: Managing contracts related to building projects, including subcontractor agreements, supplier contracts, and construction agreements.
- IT and Technology: Handling software development agreements, licensing contracts, service level agreements (SLAs), and vendor contracts.
- Real Estate: Negotiating and managing contracts related to property transactions, lease agreements, and real estate developments.
- Manufacturing: Managing supplier contracts, sales contracts, and purchase agreements in the manufacturing sector.
- Government & Public Sector: Handling government contracts for services, procurement, and construction projects.
- Healthcare: Managing contracts between healthcare providers, insurance companies, and suppliers of medical equipment.
- Retail & E-commerce: Managing vendor contracts, supply chain agreements, and distributor agreements.
Salary Range:
The salary range for graduates of the Diploma in Contract Management can vary significantly based on factors such as experience, location, and the industry in which they work. Below is an approximate salary range in India:
- Entry-Level (0-2 years): ₹3 – 5 LPA (for roles such as Contract Administrator, Contract Coordinator, Junior Legal Advisor).
- Mid-Level (2-5 years): ₹5 – 8 LPA (for roles such as Contract Manager, Procurement Manager, Vendor Manager).
- Senior-Level (5+ years): ₹8 – 15 LPA (for roles such as Legal Advisor, Senior Contract Manager, Risk Manager, Compliance Officer).
In cities like Mumbai, Delhi, or Bangalore, salaries tend to be on the higher end due to the increased demand for professionals in contract management roles.
Conclusion:
Graduates of the Diploma in Contract Management program have a wide array of career opportunities in various sectors such as construction, IT, healthcare, real estate, and procurement. With the growing complexity of contracts across industries, skilled professionals in contract management are in high demand. By managing legal aspects, ensuring compliance, and mitigating risks, graduates can play a vital role in the smooth functioning of organizations, ensuring that contracts are executed successfully and legally sound.