Contracts Administration: From Award to Completion

Ref	CM 350	CM 590
Dates	12 - 16 July 2010	8 - 12 November 2010
Venue	Vienna	London
Fees	US$ 4450	US$ 4450
CPE Credits	30	30

INTRODUCTION

The objective of every organization is that the contracting process results in a fair and reasonable price for a high quality on time deliverable. To meet this objective, world-class organizations view the application of best practices in contract administration after the award as being essential skill sets needed by all employees involved in the contracting process. Included in this fast paced programme to show renewed emphasis on this critical phase of contract management are:

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

WHO SHOULD ATTEND?

This programme would benefit anyone working in Contracts departments. This would also greatly benefit professionals working in Projects; Engineering Projects; Construction Projects; Tenders and Purchasing departments
Also, professionals involved in contract administration activities across the organisation would develop a world-class skill set
The programme is a great way to develop those new to the function, prepare for a major project, or useful as a refresher for veterans

PROGRAMME OBJECTIVES

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
How to Prepare for claims and disputes
Review acceptance and Contract close out issues
Study the Inputs and outputs in contract administration

TRAINING METHODOLOGY

Participants will increase competencies through a variety of instructional methods including lecture by an experienced practitioner and consultant, exercises, and group discussions covering current practices and their relationship to the implementation of new concepts.

PROGRAMME SUMMARY

With the ever-increasing quantity of outsourcing by organizations, Contract Administration is emerging as an essential competency for professionals and mangers in most functional activities that are involved in the acquisition of goods, equipment and services. This programme is designed to take the participant through the many steps of contract administration from the time the award is made through to final acceptance, payment, and the contract close out so that the total objectives of entering into the contract are achieved.

PROGRAMME OUTLINE

DAY 1 - Objectives of contract administration

Effective Contract Administration
The Most Critical Elements
Key Players In Contract Administration
Post Award Conference
Analysis Of The Contract
Establishing Major Deliverables
What Needs To Be Measured?

DAY 2 - Outputs and contract types

Typical Outputs Of Contract Administration
Monitoring Techniques
Identify The Risk
Responses To Risk
Contract Types
Administration In Cost Type Contracts
Economic Price Adjustments

DAY 3 - Maintaining schedules and contract changes

Maintaining Contract Schedules
Expediting Techniques
Major Causes Of Changes
Contract Price Changes
Evaluating Price Changes
Practical Considerations for Bonds and Guarantees
Types of Bonds and Guarantees

DAY 4 - Issues in contract performance

Contract Terminations
Service Level Termination Event
What Constitutes Breach?
Responding To A Breach
Right To Cover
Manuals And Drawings
Supplier/Contractor Relations
Sub-contractor Issues

DAY 5 - Acceptance and close out

Warranties
Source Code Escrows
Forms Of Payment
Progress Payments
Claims and Disputes
Negotiation Of Claims And Disputes
Final Acceptance
Close Out Procedures
Post Contract Review Meeting

To Register on this seminar, please click here