Contract Management Skills

Start Date: 4 Mar 2018
End Date: 8 Mar 2018
Duration: 5
Fees:
Country: Dubai / UAE
Category: Project & Contracting & Law
Details:

Course Description

 

In every organization the effective expenditure of enormous sums of money and resources is dependent on successful contract management activities. Creating and managing formal agreements with suppliers of goods and services requires not only a complete understanding of the business requirements and organization needs, but also depends on keeping up-to-date on contracting. This program is designed to:

         Explore the advanced practices generally viewed as leading to World-Class performance in contract management

         Enable participants can determine where they are now

         Help participants to begin immediate implementation of the steps needed to create maximum total value for their organization.

         How to be more effective in contract management activities

         The appropriate type and form of contracts for every situation

         How to anticipate problems and manage risks

         How to integrate project management with contract needs

         Best means of handling disputes and performance issues

         How to establish terms and conditions for every situation

         The latest advances in contract management

 



Course Objective

 

- Participants attending the programme will:

         How to be more effective in contract management activities

         Appropriate type and form of contracts for different situations

         How to anticipate problems and manage risks

         How to integrate project management with contract needs

         Best means of handling disputes and performance issues

         How to establish terms and conditions for different situations

         The latest advances in contract management



 

Who Should attend?

 

         Engineering

         Project

         Construction

         Tenders

         Contracts

         Buyers

         Purchasing

         Financial personnel

         Those new to the function, preparing for a major project, or experienced managers looking for a refresher



Course Outline

 

MODULE 1

h  Principles of Good Contracting

h  Overview of Tendering & Contract Award Process

h  Key Steps in the creation of a Contract

h  Essential Elements of a Valid Contract

h  Other Types of Obligation Documents

h  When to Obtain Legal Advice

h  Law of Agency

h  Organizing Strategies for Contract Management

h  Defining Contract Management Responsibilities

h  Planning for Contract Life Cycles

h  Work Plan Best Practices

h  Basic contract planning

h  Communication

MODULE 2

h  Improving Contract Management

h  Essential elements of contract management

h  Contract Startup Techniques and Tools

h  Incorporating Risk Assessment and Management

h  Warranty and Claims Management

h  Cost Tracking and Management

h  Project Closeout

h  Effective Handling of Contract Performance Issues

h  Design and Specification

h  Work Ordering Process

h  Contract Administration

h  Reporting Mechanisms

h  Cost Control

h  Quality Assurance and Control

h  Recovery Clauses

h  Termination and suspension

MODULE 3

h  Eliminating Sources of Contract Disputes

h  Errors and omissions

h  Anticipating and avoiding Conflicts

h  Conflict Resolution

h  Dealing with Unknowns

h  Tracking Changes

h  Managing Expectations

h  Resolving disputes

h  Negotiation

h  Litigation

h  Arbitration

h  Alternative Dispute Resolution ¡V especially mediation

MODULE 4

h  Understanding and Developing Contract Terms and Conditions

h  Finding Contract Templates

h  Using standard form documents

h  Modifying standard forms

h  Drafting special conditions

h  Issues for subcontracts

h  Case Studies

h  Review of different types of contractual strategy and some real problems

MODULE 5

h  Contracts in the Twenty-First Century

h  Strategic Alliance and Partnering Agreements

h  Prime Contracting and other Consolidated Sourcing Contracts

h  The New Engineering Contract (NEC) and other industry standards

h  Online Contracting

h  Online dispute resolution

h  Supporting E-commerce

h  Contract Management Review and Summary

h  Course Highlights and Final Observations

h  Other Sources of Information

 

MODULE 6

 - Principles of Good Contracting

         Overview of Tendering & Contract Award Process

         Key Steps of the Contract Process

         Essential Elements of a Valid Contract

         Types of Obligation Documents

         When to Obtain Legal Advice

Organizing Strategies for Contract Management

         Defining Contract Management Responsibilities

         Planning for Contract Life Cycles

         Work Plan Best Practices

         Tools to Improve Personal Organization

         Communications

MODULE 7

- Improving Contract Management

         Essential elements of contract management

         Contract Startup Techniques and Tools

         Incorporating Risk Management

         Warranty and Claims Management

         Cost Tracking and Management

         Project Closeout

MODULE 8

- Eliminating Sources of Contract Disputes

         Law of Agency

         Errors and omissions

         Anticipating and avoiding Conflicts

         Conflict Resolution

         Dealing with Unknowns

         Tracking Changes

         Managing Expectations

Effective Handling of Contract Performance Issues

         Design and Specification

         Work Ordering Process

         Contract Administration

         Reporting Mechanisms

         Cost Control

         Quality Assurance and Control

         Recovery Clauses

         Termination and suspension

MODULE 9

- Understanding and Developing Contract Terms and Conditions

         Finding Contract Templates

         Using standard form documents

         Modifying standard forms

         Drafting special contracts

         Issues for subcontracts

Case Studies

         Contractual Background Review by Instructor

         Group Analyzes and Discussions

         Conclusions and Lessons Learned

MODULE 10

- Contracts in the Twenty-First Century

         Online Contracts

         Strategic Alliance Agreements

         Consolidated Sourcing Contracts

         The New Engineering Contract (NEC) and other industry standards

         Supporting E-commerce

Contract Management Review and Summary

         Course Highlights and Final Observations

         Five Steps to Improved Performance

         Other Sources of Information


The Kuwait Institute For Career Development