Contracts Administration From Award to Completion

Overview:

Introduction:

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

Course Objectives:

At the end of this course the participants will 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 closeout issues
• Study the Inputs and outputs in contract administration

Targeted Audience:

• Contract Specialists and Professionals
• Contract and Project Administrators and Coordinators
• Contract Engineers and Contract Analysts
• Construction Contract and Project Managers
• Bids and Tenders Managers and Officers
• Buyers and other Purchasing Professionals
• Supply chain professionals concerned with contract performance
• Anyone new to the function of contract management and administration, or those wishing to polish their contract administration skills

Course Outlines:

Unit 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?

Unit 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

Unit 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

Unit 4: Issues in Contract Performance:

• Contract Terminations
• Service Level Termination Event
• What Constitutes a Breach?
• Responding To A Breach
• Right To Cover
• Manuals And Drawings
• Supplier/Contractor Relations
• Sub-contractor Issues

Unit 5: Acceptance and Closeout:

• 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