Course Description

 

The objective of every organization is that the contracting process results in a fair and reasonable price for a high quality on time deliverable. To meet this objective, world-class organizations view the application of best practices in contract administration after the award as being essential skill sets needed by all employees involved in the contracting process. Included in this fast paced programme to show renewed emphasis on this critical phase of contract management are:

·         Effective Contract Administration

·         Interpretation of Contracts

·         Maintaining Contract Schedules

·         Controlling Contract Changes

Course Objective

 

Participants attending the programme will:

·         Be able to provide better outcomes from contracts

·         Review Contract administration techniques

·         Explore contract monitoring techniques

·         Learn how to get fair treatment in contract changes

·         Know how to analyze contracts

·         Discuss contract termination issues

·         How to Prepare for claims and disputes

·         Review acceptance and Contract close out issues

·         Study the Inputs and outputs in contract administration

 

Who Should attend?

 

·         Contract Administrators, Project Coordinators, Contracts Officers and Managers

·         Engineering Project Managers, Construction Managers, Tenders Managers 
Buyers, Purchasing Managers, Project Managers

·         Maintenance Mangers and Systems Managers and all others in organizations whose leadership want world-class skills sets in those involved in contract administration activities

·         The programme is a great way to develop those new to the function, prepare for a major project, or useful as a refresher for veterans

Course Outline

 

DAY 1 - Objectives of Contract Administration

·         Effective Contract Administration

·         The Most Critical Elements

·         Key Players In Contract Administration

·         Post Award Conference

·         Analysis Of The Contract

·         Establishing Major Deliverables

·         What Needs To Be Measured?

DAY 2 - Outputs and Contract Types

·         Typical Outputs Of Contract Administration

·         Monitoring Techniques

·         Identify The Risk

·         Responses To Risk

·         Contract Types

·         Administration In Cost Type Contracts

·         Economic Price Adjustments

DAY 3 - Maintaining Schedules & Contract Changes

·         Maintaining Contract Schedules

·         Expediting Techniques

·         Major Causes Of Changes

·         Contract Price Changes

·         Evaluating Price Changes

·         Practical Considerations for Bonds & Guarantees

·         Types of Bonds and Guarantees

DAY 4 - Issues in Contract Performance

·         Contract Terminations

·         Service Level Termination Event

·         What Constitutes Breach?

·         Responding To A Breach

·         Right To Cover

·         Manuals And Drawings

·         Supplier/Contractor Relations

·         Subcontractor Issues

DAY 5 - Acceptance and Close Out

·         Warranties

·         Source Code Escrows

·         Forms Of Payment

·         Progress Payments

·         Claims and Disputes

·         Negotiation Of Claims And Disputes

·         Final Acceptance

·         Close Out Procedures

·         Post Contract Review Meeting