Contracts Administration From Award to Completion Achieving the Objectives of the Contract
Contracts Administration From Award to Completion Achieving the
Objectives of the Contract
OBJECTIVES:
- 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
- How to Prepare for claims and disputes
- Review acceptance and Contract close out issues
- Study the Inputs and outputs in contract administration
WHO SHOULD ATTEND?
- Contracts Administrators, Project Coordinators, Contracts Officers and Managers
- Engineering Project Managers, Construction Managers, Tenders Managers
- Buyers, Purchasing Managers, Project Managers
- Maintenance Managers and Systems Managers and all others in organizations whose leadership want world-class skills sets for those involved in contract administration 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 veterans
COURSE OUTLINE
DAY 1 – 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
DAY 2 – Outputs and contract types
- What needs to be measured
- T typical Outputs Of Contract Administration
- Identify The Risk
- Responses To Risk
- Contract Types
- Producer Price Indexes
- Economic Price Adjustments
DAY 3 – Maintaining schedules and contract changes
- Monitoring Techniques
- Expediting Techniques
- Major Causes Of Changes
- Contract Cost
- Requesting Supplier Price Breakdowns
- Evaluating Price Changes
- Types of Bonds and Guarantees
DAY 4 – 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
DAY 5 – Acceptance and 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