Contracts Administration from Award to Completion

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Venue Starting Date Duration Fees Join Now
Online - Virtual , 20210907 07 - Sep - 2021 2 Hrs X 8 Sessions $1,750 Register
Geneva - Switzerland , 20211018 18 - Oct - 2021 5 - Day $5,750 Register
Dubai - UAE , 20211205 05 - Dec - 2021 5 - Day $4,750 Register

COURSE OVERVIEW

Contract Administration is emerging as an essential competency for many professionals. The objective is that the contracting process results in a fair and reasonable price, and premium quality on-time deliverable. To meet this objective, world-class organizations consider 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.

This training course is designed to take the participants through the many steps of contract administration from the time the award is made through to final acceptance, payment, and the contract close out so that the total objectives of entering into the contract are achieved.

IMPORTANT FEATURES

The important features of the Contracts Administration: From Award To Completion training course include:

  • Effective Contract Administration
  • Interpretation of Contracts
  • Maintaining Contract Schedules
  • Controlling Contract Changes

LEARNING OBJECTIVES

Participants on the Contracts Administration: From Award To Completion training course 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
  • Prepare for claims and disputes
  • Review acceptance and Contract close out issues
  • Study the Inputs and outputs in contract administration

TARGET AUDIENCE

The Contracts Administration: From Award To Completion training course is suitable to a wide range of professionals:

  • Professionals working in Contracts Department
  • Professionals working in Projects, Engineering Projects, Construction Projects, Tenders and Purchasing Departments
  • Professionals involved in Contract Administration activities across the organisation
  • Project personnel in both public and private sectors
  • Technical specialists seeking broader perspectives of project planning & implementation
  • Government officials, ministries, public sector agencies
  • Project financiers, developers, sponsors, consultants
  • Risk management personnel

TRAINING METHODOLOGY

Participants on the Contracts Administration: From Award To Completion training course will increase contract management competencies through a variety of instructional methods including lecture by an experienced practitioner and consultant, exercises, and group discussions covering current practices and their relationship to the implementation of new concepts.

Pre & Post course assessments will be used to measure the effectiveness of this training.

COURSE CONTENTS

Module 1 - Objectives of Contract Administration

  • KeyTopics:

    • 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?

Module 2 - Outputs and Contract Types

  • KeyTopics:

    • Typical Outputs of Contract Administration
    • Monitoring Techniques
    • Identify the Risk
    • Responses to Risk
    • Contract Types
    • Administration in Cost Type Contracts

Module 3 - Maintaining Schedules and Contract Changes

  • KeyTopics:

    • Maintaining Contract Schedules
    • Expediting Techniques
    • Major Causes of Changes
    • Contract Price Changes
    • Evaluating Price Changes
    • Practical Considerations for Bonds and Guarantees
    • Types of Bonds and Guarantees

Module 4 -Issues in Contract Performance

  • KeyTopics:

    • Contract Terminations
    • Service Level Termination Event
    • What Constitutes Breach?
    • Responding to a Breach
    • Right to Cover
    • Manuals and Drawings
    • Supplier/Contractor Relations
    • Sub-Contractor Issues

Module 5 - Acceptance and Close Out

  • KeyTopics:

    • Warranties
    • Forms of Payment
    • Progress Payments
    • Claims and Disputes
    • Negotiation of Claims and Disputes
    • Final Acceptance
    • Close out Procedures

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