Upon completion of this course, participants will know:

• 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

• The program is designed for Engineering Project, Construction, Tenders, Contract M, Buyers, Purchasing , and financial personnel in organizations whose leadership wants skills sets in those involved in major contracting activities. The program is a great way to develop those new to the function, prepare for a major project, or useful as a refresher for veteran managers.

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

Improving Project Management for Contracts

• Essential elements of project management
• Contract Startup Techniques and Tools
• Incorporating Risk Management
• Warranty and Claims Management
• Cost Tracking and Management
• Project Closeout

Eliminating Sources of Contract Disputes

• Law of Agency
• Errors and omissions
• Conflict Resolution
• Dealing with Unknowns
• Tracking Changes
• Anticipating Conflicts
• 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

Understanding and Developing Contract Terms and Conditions

• Finding Contract Templates
• Equipment Purchase Agreement
• Software Development and Purchase Agreement
• Chemical Purchase Agreement
• Equipment Maintenance Agreement
• Ocean Transport Services Agreement

Case Studies

• Contractual Background Review by Instructor
• Group Analyzes and Discussions
• Conclusions and Lessons Learned

Contracts in the Twenty-First Century

• Online Contracts
• Strategic Alliance Agreements
• Consolidated Sourcing Contracts
• The New Engineering Contract (NEC)
• Supporting E-commerce

Contract Management Review and Summary

• Course Highlights and Final Observations
• Five Steps to Improved Performance
• Other Sources of Information

BTS attendance certificate will be issued to all attendees completing minimum of 75% of the total course duration.