Contract Administration: Understanding and Implementing Contractual Obligations
Select Other "city & date"
Contract Administration: Understanding and Implementing Contractual Obligations Course
Introduction:
Contract administration encompasses the planning, negotiation, execution, and performance of any contract with customers or vendors. The preparation and implementation of contracts present significant opportunities for establishing mutually beneficial agreements that lead to positive business outcomes.
This course delves into how contractual responsibilities can be articulated, applied, and monitored. Participants will gain an understanding of the tools and functions that constitute the contract administrator's management arsenal. The course will also guide you in evaluating key contractual requirements and recognizing their impact on potential contract execution and governance.
The Contract Administration course further enables participants to recognize the value of information about procurement terms and conditions. It provides an opportunity to explore the application of lessons learned in identifying Alternative Dispute Resolution (ADR) methods and understanding how to manage disputes and alliances effectively.
Course Objectives:
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 requirement 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
Who Should Attend?
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
Course Outlines:
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
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
Contractor Evaluation
- Questionnaire and surveys
- Key Performance Indicators (KPIs)
- Targets and benchmarks
- Service Level Agreements (SLAs)
- Managing subcontractors
Changes, Claims, and Disputes
- Change process
- Breach of contract
- Money damages
- Equitable remedies
- Claims and disputes
- Alternative Dispute Resolution (ADR)
- Mediation
- Arbitration
Post-Award Negotiation
- Negotiation preparation
- Negotiation objectives
- Negotiation guidelines
