Course Description
o 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. Included in this fast paced PROGRAM to show renewed
emphasis on this critical phase of contract management are:
· Effective
Contract Administration
· Interpretation
of Contracts
· Maintaining
Contract Schedules
· Controlling
Contract Changes
Course Objective
· 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
TRAINING METHODOLOGY
Participants will increase competencies through a variety of
instructional methods including lecture by an experienced practitioner and
consultant, exercises, and group discussions covering current practices and
their relationship to the implementation of new concepts.
Who Should attend?
· This
program would benefit anyone working in Contracts departments. This would
also greatly benefit professionals working in Projects; Engineering
Projects; Construction Projects; Tenders and Purchasing departments
· Also,
professionals involved in contract administration activities across the
organisation would develop a world-class skill set
· 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
PROGRAM SUMMARY
With the ever-increasing quantity of outsourcing by
organizations, Contract Administration is emerging as an essential competency
for professionals and mangers in most functional activities that are involved
in the acquisition of goods, equipment and services. This program is designed
to take the participant 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.
PROGRAM OUTLINE
DAY 1 - Objectives of contract administration
· Effective
Contract Administration
· The
Most Critical Elements
· Key
Players In Contract Administration
· Post
Award Conference
· Analysis
Of The Contract
· Establishing
Major Deliverables
· What
Needs To Be Measured?
DAY 2 - Outputs and contract types
· Typical
Outputs Of Contract Administration
· Monitoring
Techniques
· Identify
The Risk
· Responses
To Risk
· Contract
Types
· Administration
In Cost Type Contracts
· Economic
Price Adjustments
DAY 3 - Maintaining schedules and contract changes
· Maintaining
Contract Schedules
· Expediting
Techniques
· Major
Causes Of Changes
· Contract
Price Changes
· Evaluating
Price Changes
· Practical
Considerations for Bonds and Guarantees
· Types
of Bonds and Guarantees
DAY 4 - Issues in contract performance
· Contract
Terminations
· Service
Level Termination Event
· What
Constitutes Breach?
· Responding
To A Breach
· Right
To Cover
· Manuals
And Drawings
· Supplier/Contractor
Relations
· Sub-contractor
Issues
DAY 5 - Acceptance and close out
· Warranties
· Source
Code Escrows
· Forms
Of Payment
· Progress
Payments
· Claims
and Disputes
· Negotiation
Of Claims And Disputes
· Final
Acceptance
· Close
Out Procedures
· Post
Contract Review Meeting
