PUR 225 Purchasing Contracts: Law, Development and Management (3 credits)

This course will cover the law, which is applicable to the acquisitions process and includes: an overview of purchasing law and the Uniform Commercial Code; contract types, critical terms and conditions, and concepts; remedies, damages, performance, repudiation and acceptance; and the effects of agency and other laws on the purchasing function.  This course also deals with the essential elements of contract development and management; negotiation tactics, contract revisions, integrating contract development into the source selection process, measuring and monitoring performance, and identifying key social responsibilities and ethical issues in the supply management profession