COURSE OBJECTIVES
At the end of this program, participants will be able to:
- Master the principles of effective contracts administration.
- Understand the processes involved in contracts management.
- Develop proficiency in interpreting key contract clauses.
- Manage key contract clauses effectively.
- Learn communication strategies for successful contract management.
- Implement strategies for managing change orders and variations.
- Resolve disputes constructively using negotiation and ADR techniques.
TARGET AUDIENCE
- Contract administrators.
- Contract specialists.
- Project managers.
- Engineers.
- Procurement professionals.
- Purchasing professionals.
- Lawyers and legal professionals involved in commercial contracts.
DAY 1: Fundamentals of Contracts and Administration Principles
- Varieties of Contracts and Project Scope.
- Essential Contract Clauses and Risk Distribution.
- Framework for Contract Administration and Documentation.
- Roles and Duties.
- Initiating the Contract and Monitoring Performance.
DAY 2: Efficient Communication in Contracts and Managing Changes
- Communication Techniques for Contract Management.
- Meeting Facilitation and Negotiation Strategies.
- Handling Change Orders and Variations.
- Amendments to Contracts and Documentation Management.
- Digital Contract Management Systems.
DAY 3: Management of Claims and Resolution of Disputes
- Different Types of Contractual Claims.
- Preparation and Documentation of Claims.
- Dispute Resolution Mechanisms in Contracts.
- Negotiation Skills and Techniques.
- Documentation of Claims Resolution and Close-Out.
DAY 4: Management of Contract Performance and Risk Mitigation
- Monitoring Project Performance Relative to Schedule and Budget.
- Risk Management Approaches for Contracts.
- Evaluation of Contract Performance and Reporting.
- Management of Contract Extensions and Delays.
- Ensuring Compliance and Record Maintenance.
DAY 5: Closing Contracts and Best Practices
- Final Inspections and Acceptance Processes.
- Documentation for Contract Close-Out and Final Payments.
- Lessons Learned and Ongoing Improvement.
- Best Practices in Contract Administration.
- Case-Study.
