Advanced Contracts Management

 OBJECTIVES

  • Select appropriate type and form of contracts for different situations
  • Understand the legal framework in which contract management takes place
  • Understand the contract complexities that need managing
  • Explain the practical steps in obtaining and analysing performance data
  • Be more effective in contract management activities
  • Anticipate problems and manage risks
  • Integrate contract management with contract needs
  • Understand the best means of handling claims, disputes and performance issues

WHO SHOULD ATTEND?

This intensive 5 day training course is suitable for experienced functional managers and staff involved in roles such as:

  • Contract management
  • Project management
  • Design management
  • Construction management
  • Procurement management
  • Commercial management
  • Finance management

and all others who are involved in the acquisition of materials or equipment, or the management of suppliers and contractors delivering services.

OUTLINE

Understanding the contract

  • Overview of the tendering and contract award process
  • Understanding contracts – a refresher on legal requirements for a contract
  • Formal and Informal Contractual documents, including
    • Standard terms and conditions
    • Letters of intent
    • Letters of comfort
  • The specification and scope of work – linkage to price and payment
  • Recognising where the contract risks lie
  • Tools and techniques to manage contract risks

Key skills of contract management

  • The role and value of an effective contract manager
  • Implementing the new contract
  • Effective Review processes
  • Inspection and certification of contractual performance
  • Managing suppliers of professional services
  • Working with contract management reports
  • Using KPIs in effective contract management

Model Contracts and Terms

  • Selecting the right model for the contract
  • Standard form Contracts – ICC, FIDIC, NEC and others
  • Force Majeure clauses
  • Indemnities and Insurance clauses
  • Warranty clauses
  • Bonds and Guarantees
  • Contract variation clauses

Managing Price and Contract Variations

  • Managing Price escalation
  • Getting a breakdown of costs
  • Cost and price analysis techniques
  • Tracking changes
  • Managing variations to the work
    • Changes to timing, accelerating delivery
    • Increase or decrease in scope
    • Changes to work methods
  • Negotiation techniques for price and contract variation management

Managing claims and disputes

  • Typical contract claims – scope, delay, quality, payment
  • Implementing penalties or service credits
  • Liquidated and unliquidated damages
  • Termination and other methods of dealing with default
  • Defects Liability management
  • Dispute Resolution – tools and techniques to use
  • Contract closeout

 

Training Methodology:
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

Certificates

A Certificate of Completion will be issued to those who attend & successfully complete the programme.

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

 14:00 – 15:00 Lunch

 Fees

 The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is:

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