Contract Management Principles and Practices
September 04 – September 08 \ 2022: Kuwait
September 18 – September 22 \ 2022 : Amman
October 02 – October 06 \ 2022 : Kuwait
October 16 – October 20 \ 2022 : Amman
October 30 – November 03 \ 2022 : Kuwait
November 06 – November 10 \ 2022 : Amman
October 09—October 13 \ 2022 : Amman
October 09—October 13 \ 2022 : Kuwait
Introduction
Advanced Contract Management course is designed to introduce the participants to the concept of the contract and its components, as the course covers the different types of contracts and the most important principles for tenders and auctions, methods of contract pricing, final review of the contract, procurement contract management, in addition to identifying the methods of closing the procurement file in contract management.
This course aims to raise the competence of participants in achieving better results in contract management, by establishing a contractor evaluation system, which helps in identifying strengths and weaknesses and demonstrates the importance of partnership and negotiation in contract management.
After completing this course, you'll have the knowledge and skills to:
Ü effectively manage a contract throughout its lifecycle
Ü deal with common claims
Ü identify issues
Ü address disputes.
Objectives
At this program's conclusion, participants should be able to:
Ü Select appropriate type and form of contracts for different situations
Ü Understand the legal framework in which contract management takes place
Ü Understand the contract complexities that need managing
Ü Explain the practical steps in obtaining and analysing performance data
Ü Be more effective in contract management activities
Ü Anticipate problems and manage risks
Ü Integrate contract management with contract needs
Ü Understand the best means of handling claims, disputes and performance issues
WHO SHOULD ATTEND?
Ü Contract management
Ü Project management
Ü Design management
Ü Construction management
Ü Procurement management
Ü Commercial management
Ü all others who are involved in the acquisition of materials or equipment, or the management of suppliers and contractors delivering services.
Course Methodology
The course uses self-assessments and a wide mix of business cases that promote healthy discussions around the importance of managing multiple tasks, deadlines and priorities. Participants will benefit from role plays covering workplace challenges related to handling tasks, deadlines and priorities. They will learn how to deal with conflicts that may arise as a result. Interactive team exercises are also used with each team presenting their findings and comments.
This interactive training course includes the following training methodologies as a percentage of the total tuition hours:
- 30% Lectures, Concepts, Role Play
- 30% Workshops & Work Presentations, Techniques
- 20% Based on Case Studies & Practical Exercises
- 20% Videos, Software & General Discussions
Pre and Post Test
Outline
DAY 1:
Understanding the contract
Ü Overview of the tendering and contract award process
Ü Understanding contracts – a refresher on legal requirements for a contract
Ü Formal and Informal Contractual documents, including
· Standard terms and conditions
· Letters of intent
· Letters of comfort
Ü The specification and scope of work – linkage to price and payment
Ü Recognizing where the contract risks lie
Ü Tools and techniques to manage contract risks
DAY 2:
Key skills of contract management
Ü The role and value of an effective contract manager
Ü Implementing the new contract
Ü Effective Review processes
Ü Inspection and certification of contractual performance
Ü Managing suppliers of professional services
Ü Working with contract management reports
Ü Using KPIs in effective contract management
DAY 3:
Model Contracts and Terms
Ü Selecting the right model for the contract
Ü Standard form Contracts – ICC, FIDIC, NEC and others
Ü Force Majeure clauses
Ü Indemnities and Insurance clauses
Ü Warranty clauses
Ü Bonds and Guarantees
Ü Contract variation clauses
DAY 4 :
Managing Price and Contract Variations
Ü Managing Price escalation
Ü Getting a breakdown of costs
Ü Cost and price analysis techniques
Ü Tracking changes
Ü Managing variations to the work
- Changes to timing, accelerating delivery
- Increase or decrease in scope
- Changes to work methods
Ü Negotiation techniques for price and contract variation management
DAY 5
Managing claims and disputes
Ü Typical contract claims – scope, delay, quality, payment
Ü Implementing penalties or service credits
Ü Liquidated and unliquidated damages
Ü Termination and other methods of dealing with default
Ü Defects Liability management
Ü Dispute Resolution – tools and techniques to use
Ü Contract closeout
Certificates
Ü A Certificate of Completion will be issued to those who attend & successfully complete the programme.
Fees:
The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is:
3,750 USD$
Schedule:
08:30 – 10:15 First Session
10:15 – 10:30 Coffee Break
10:30 – 12:15 Second Session
12:15 – 12:30 Coffee Break
12:30 – 14:00 Third Session