CM19
Course Contents
Module 1 - Fundamental Principles of Contracting and Contract Law
The fundamentals of contracting and contract law and examine some of the important conditions of legal contracts.
Key Topics
- Description of a Contract
- Risk Management Process
- Legal Obligation to Perform
- Primary Contractual Elements
- Project Procurement Processes
- Procurement and the Project Life-Cycle
- Fundamental Contracting Perspectives – Risk and Price
- Primary Project Success Factors
- Fundamentals of Contract Law
- Contractual Legality – Fundamental Elements
- Basic Conditions of Contracting
- General Conditions and Layout of Contract
- Contract Documents, Administration and Close-Out
Module 2 - Contract Terms and Conditions & Tendering Processes
Essential terms and conditions that should be included in all contracts and the various tendering processes.
Key Topics
- Conditions of Contract
- Primary Clauses for Consideration
- Contract Performance and Termination
- Dispute Resolution
- Supplier Sourcing, Contract Award and Administration
- Pre-Award Stage Preparations
- Award Stage Preparations
- Post-Award Stage Preparations
- Contract Execution
- Contract Administration
- Key Project Analysis Issues
Module 3 - Contract Types and Compensation
The range of typical contracting and compensation arrangements enable delegates to select the most appropriate contracting arrangement for the work to be done.
Key Topics
- The Pricing Arrangement Strategies
- Fixed Price contracts & pricing
- Cost-Plus contracts & pricing
- Incentive contracts & pricing
- Fixed Price Incentive
- Cost Plus Incentive
Module 4 - Contract Negotiation Strategy
The elements of the negotiation process, the various stages of negotiation, the sources of power during negotiation and the negotiation preparation process.
Key Topics
- The Ability to Influence
- Dealing with Conflict
- Primary Negotiation Styles
- Power and Negotiation
- Stages of Negotiation
- Preparation for Negotiation
- Preparation – A Systematic Process
- The Negotiation Plan
Module 5 - Aligning Incentive Contracts with Earned Value Management
The relationship between the contract and the work to be performed and how to monitor project progress and costs against the conditions of the contract.
Key Topics
- Earned Value Control Process
- Progress Control Charts – Trend Analysis
- Schedule and Cost Variance Forecasting
- Estimated Cost at Completion
- Estimated Duration at Completion
- Progress Tracking and Monitoring
