Course Overview
Contracts are the foundation of any business agreement, and effective contract administration is essential for ensuring successful project execution. This 5-day course focuses on the intricacies of administering contracts, managing contractual obligations, and implementing best practices. Participants will gain a clear understanding of the legal principles underlying contracts, the various stages of contract management, and how to monitor performance to avoid disputes. Through case studies and practical exercises, this course will equip participants with the skills needed to confidently manage and enforce contractual obligations in various sectors.
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
Customized Training
This training can be tailored to your institution needs and delivered at a location of your choice upon request.
Requirements
Participants need to be proficient in English.
Training Fee
The fee covers tuition, training materials, refreshments, lunch, and study visits. Participants are responsible for their own travel, visa, insurance, and personal expenses.
Certification
A certificate from Ideal Sense & Workplace Solutions is awarded upon successful completion.
Accommodation
Accommodation can be arranged upon request. Contact via email for reservations.
Payment
Payment should be made before the training starts, with proof of payment sent to outreach@idealsense.org.
For further inquiries, please contact us on details below:
