Included in this fast paced course to show renewed emphasis on this critical phase of contract management are:

• Effective Contract Administration
• Interpretation of Contracts
• Maintaining Contract Schedules
• Controlling Contract Changes

By the end of this training course, participants should 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
• Prepare for claims and disputes
• Review acceptance and contract close out issues
• Study the inputs and outputs in contract administration

This training course is suitable to a wide range of professionals but will greatly benefit: 

Contracts, Purchasing, and Project Personnel, Engineering, Operational, and Maintenance Personnel, Project and Contracts Management Professionals, Tendering Team.

This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include;

• Lectures
• Workshop & Work Presentation
• Case Studies and Practical Exercise
• Videos and General Discussions

Module One:

Objectives of Contract Administration

• · Effective contract administration
• · The most critical elements
• · Key players in contract administration
• · Analysis of the contract
• · Statement of work
• · Work breakdown structure
• · Post award conference
• Definitions of claims and disputes 
• Sources of claims and change orders

Module Two:

Contract Outputs & Contract Types

• · What needs to be measured
• · Typical outputs of contract administration
• · Identify the risk
• · Responses to risk
• · Contract types
• · Producer price indexes
• · Economic price adjustments

Module Three:

Maintaining Schedules & Contract Changes

• · Monitoring techniques
• · Expediting techniques
• · Major causes of changes
• · Contract cost and price
• · Requesting supplier price breakdowns
• · Evaluating price changes
• · Types of bonds and guarantees

Module Four:

Issues in Contract Performance

• · Force majeure
• · Liquidated damages
• · Contract terminations
• · Service level termination event
• · What constitutes breach?
• · Responding to a breach
• · Right to cover
• · Supplier/contractor relations

Module Five:

Acceptance & Close Out

• · Final acceptance
• · Warranties
• · Forms of payment
• · Progress payments
• · Claims and disputes
• · Negotiation of claims and disputes
• · Close out procedures
• · Post Contract Review Meeting

A RECTUS attendance certificate will be awarded to all participants who complete at least 80% of the total course duration.