Euro-training Center
 Contracts Administration: From Award to Completion (C8244) QR Code

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

Conference Objectives:

At the end of this conference 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

Conference 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

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