Course Details
Your Growth, Our Mission
Course Description
The objective of every organization is that the contracting process results in a fair and reasonable price for a high quality on time deliverable. To meet this objective, world-class organizations view 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. With the ever-increasing quantity of outsourcing by organizations, this course is emerging as an essential competency for professionals and managers in most functional activities that are involved in the acquisition of goods, equipment and services. This course is designed to take the candidates 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.
Included in this fast paced course to show renewed emphasis on this critical phase of contract management are:
Effective Contract Administration
Interpretation of Contracts
Maintaining Contract Schedules
Controlling Contract Changes
The Training Course Will Highlight ?
Training Objective
By the end of this training course, participants should 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
This training course is suitable to a wide range of professionals but will greatly benefit:
Contracts, Purchasing, and Project Personnel, Engineering, Operational, and Maintenance Personnel, Project and Contracts Management Professionals, Tendering Team.
Training Methods
This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include;
- Lectures
- Workshop & Work Presentation
- Case Studies and Practical Exercise
- Videos and General Discussions
Daily Agenda
Module One:
Objectives of Contract Administration
- · Effective contract administration
- · The most critical elements
- · Key players in contract administration
- · Analysis of the contract
- · Statement of work
- · Work breakdown structure
- · Post award conference
- Definitions of claims and disputes
- Sources of claims and change orders
Module Two:
Contract Outputs & Contract Types
- · What needs to be measured
-
- · Typical outputs of contract administration
- · Identify the risk
- · Responses to risk
- · Contract types
- · Producer price indexes
- · Economic price adjustments
- Module Three:
Maintaining Schedules & Contract Changes
- · Monitoring techniques
- · Expediting techniques
- · Major causes of changes
- · Contract cost and price
- · Requesting supplier price breakdowns
- · Evaluating price changes
- · Types of bonds and guarantees
Module Four:
Issues in Contract Performance
- · Force majeure
- · Liquidated damages
- · Contract terminations
- · Service level termination event
- · What constitutes breach?
- · Responding to a breach
- · Right to cover
- · Supplier/contractor relations
Module Five:
Acceptance & Close Out
- · Final acceptance
- · Warranties
- · Forms of payment
- · Progress payments
- · Claims and disputes
- · Negotiation of claims and disputes
- · Close out procedures
- · Post Contract Review Meeting
Accreditation
BTS attendance certificate will be issued to all attendees completing minimum of 75% of the total course duration.
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