Course Overview
This intensive 5-day training course is designed to provide participants with a comprehensive understanding of contract administration and the skills necessary to manage contractual obligations effectively. The course will cover the entire contract lifecycle, from contract creation to execution, monitoring, and closure. Participants will gain insights into best practices for managing contracts, mitigating risks, and ensuring compliance with contractual terms.
Course Methodology
This course relies on the use of individual and group exercises aimed at helping participants learn all the tools and techniques used during contract implementation. The course also features the use of a number of case studies and role plays by participants followed by discussions. In addition, this course incorporates pre and post testing.
Course Duration
5 Days
Who Should Attend
- Outline the major activities and procedures of contract administration
- Explore administration tools and techniques that are used during the contract implementation
- Create a system to evaluate contractors and identify key performance indicators that can help assessing their performances.
- Explain the different types of variation orders, claims and damages and identify several alterative dispute resolutions
- Prepare for negotiating contract variations and claims to reach a satisfactory settlement
Course Objectives
By the end of this course, participants will be able to:
- Outline the major activities and procedures of contract administration
- Explore administration tools and techniques that are used during the contract implementation
- Create a system to evaluate contractors and identify key performance indicators that can help assessing their performances.
- Explain the different types of variation orders, claims and damages and identify several alterative dispute resolutions
- Prepare for negotiating contract variations and claims to reach a satisfactory settlement
Course Outline:
Module 1: Introduction to Contract Administration
- Overview of contract administration
- Importance of effective contract management
- Key elements of a contract
- Roles and responsibilities in contract administration
Module 2: Contract Creation and Negotiation
- Principles of contract law
- Drafting clear and enforceable contracts
- Negotiation techniques and strategies
- Common clauses and their implications
Module 3: Managing Contractual Obligations
- Monitoring contract performance
- Ensuring compliance with contractual terms
- Managing changes and amendments
- Risk identification and mitigation
Module 4: Dispute Resolution and Contract Termination
- Types of contract disputes
- Dispute resolution mechanisms
- Steps for effective dispute resolution
- Procedures for contract termination
Module 5: Best Practices and Tools for Contract Management
- Best practices in contract administration
- Contract management software and tools
- Case studies and real-world examples
- Final review and Q&A session
