By Tim Duhamel
Learn the fundamentals of contract best practices and the financial officer’s role in contract development.
- Why it is important to understand contracts
- Advantages of having contracts – they outline the scope of the work and the conditions of the agreement
- The essentials of a valid contract – the key components that are required to ensure a contract is valid
- The important elements of contracts – that must be present before a contract is binding
- The types of contracts that exist and what to look out for when entering a contract
- Reading and reviewing contracts – a critical tool for municipal professionals
August 25, 2021
10:00 AM – 11:30 AM MST
PD Credits: 1.5
Date: Aug 25, 2021
Time: 10:00 AM – 11:30 AM MST
PD Credits: 1.5
Updated: Aug 25, 2021
About the Author
Tim Duhamel is the founder and President of Bloom Centre of
He is a municipal veteran whose career has spanned over 21 years.
His passion is creating educational material and conducting lectures for municipal professionals. He has lectured as far away as Kiev, Ukraine for the Federation of Canadian Municipalities.
About the Author
Mauricio Reyes is a Chartered Professional Accountant (CPA),
a Certified Asset Management Professional (CAMP), and is the Senior Manager of Financial Services at the City of Lacombe.
He has over 7 years of Municipal experience in both rural and urban municipalities and is a key member of the Asset Management Steering Committee.
He is he deeply interested in understanding how his role as a Finance officer can be used in Asset Management.
Contracts provide a written document that outlines the full understanding of the business relationship and scope of the work so that no one can claim any misunderstandings later down the road. Contracts regulate the relationship between the involved parties by outlining the scope of the work and the conditions of the agreement.
Learn the fundamentals of contract best practices, the essentials of a valid contract, the types of contracts, how to review, negotiate, and support the contract process, and the financial officer’s role in contract development.
Learn why it is important to understand contracts — they specify exactly what rights are being purchased and what rights you are retaining
Learn the advantages of having contracts –when a contract is written, it provides certainty and holds more weight than a verbal agreement
Learn about the key components that are required to ensure a contract is valid
Learn the important elements of contracts that must be present before a contract is binding: the offer, acceptance, mutual assent (also known as “meeting of the minds”), consideration, capacity, and legality
Learn what types of contracts exist and what to look out for when entering a contract, such as implied, unilateral and bilateral, fixed price, unconscionable, etc.
Learn about reading and reviewing contracts to help facilitate smooth business transactions and ensure a municipality is protected
Who Should Attend?
A unique professional development experience that has benefit for all municipal staff, including small, medium and large municipalities!
The webinar focus is on the professional development needs of any municipal financial professional and senior executive.
BLOOM can customize courses for your needs.
Some topics include:
Questions? Get in touch…