Course Details
Your Growth, Our Mission
Course Description
Contract administration involves the planning, negotiation, execution, and performance of any contact with customers or vendors. The preparation and implementation of contracts have great potential for aligning mutually agreeable contracts that lead to positive business outcomes.
This course explores how contractual responsibilities can be described, applied and followed up. Delegates know what constitutes the contract administrator’s management tools and functions. The course will also allow you to consider the key contractual requirements and recognize the effect that they have on potential contract execution and governance.
The Contract Administration course will also enable you to realize the value of inforContract administration involves the planning, negotiation, execution, and performance of any contact with customers or vendors. The preparation and implementation of contracts have great potential for aligning mutually agreeable contracts that lead to positive business outcomes.
This course explores how contractual responsibilities can be described, applied and followed up. Delegates know what constitutes the contract administrator’s management tools and functions. The course will also allow you to consider the key contractual requirements and recognize the effect that they have on potential contract execution and governance.
The Contract Administration course will also enable you to realize the value of information about procurement terms and conditions. Delegates can also consider opportunities to apply lessons gained to recognize Alternative Dispute Resolution (ADR) and how to settle disputes and alliances.
mation about procurement terms and conditions. Delegates can also consider opportunities to apply lessons gained to recognize Alternative Dispute Resolution (ADR) and how to settle disputes and alliances.
The Training Course Will Highlight ?
Training Objective
At the end of the Contract Administration Training Course, you will be able to:
- Understand the fundamental obligations of the contract administrator
- Effectively implement the signed contract to achieve the employer’s requirements
- Gain sufficient knowledge in the valuation of variations, payments, and claims
- Application of contractual techniques in dealing with the risks involved in the projects
- Understanding the requirements of insurance, bonds, and guarantees
- Understanding the importance of dispute-resolution techniques
- Effectively communicate with the parties about their contractual responsibilities.
- Identify the process involved in the project closeout.
Target Audience
Contract Administration course would be suitable for:
- Contract specialists and professionals
- Contract and project coordinators
- Bid managers
- Supply chain professionals
- Consumers and other purchasing officers
- Contractors and Sub-contractors
- Cost Controllers
- Company Executives
Training Methods
Daily Agenda
Day 1 Introduction to Contract Administration
- Overview of contract administration
- Who is a contract administrator?
- The role and responsibilities of the contract administrator
- Requirements to become a contract administrator
- Implementing the contract
Day 2 Contract Administration Tools
- Knowing your contract
- Contract provisions affecting implementation
- Roles and responsibilities of contract administrators
- Tools and techniques for contract administration
- Dissection technique
- Records management system
- Change control system
- Issues and risks logs
- Developing schedule plans
- Performance reporting
- Lessons learned
- International contracting
Day 3 Contractor Evaluation
- Questionnaire and surveys
- Key Performance Indicators (KPIs)
- Targets and benchmarks
- Service Level Agreement (SLAs)
- Managing subcontractors
Day 4 Changes, Claims, and Disputes
- Change process
- Breach of contract
- Money damages
- Equitable remedies
- Claims and disputes
- Alternative Dispute Resolution (ADR)
- Mediation
- Arbitration
Day 5 Post-Award Negotiation
- Negotiation preparation
- Negotiation objectives
- Negotiation guidelines
Accreditation
BTS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.
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