Event Details
- Be able to provide better outcomes from contracts
- Update their Contract administration techniques
- Monitor contract performance
- Manage the contract change process
- Know how to analyse contract obligations and risks
- Manage contract default, and consider remedies including termination
- Prepare for contract claims and disputes
- Review acceptance and Contract close out issues
CONTENT
Objectives of Contract Administration
- What is Effective Contract Administration?
- What are the causes and effects of contract failure?
- Analysis of the Contract requirements
- Defining the Job to be done – specifications and statements of work
- Key Players In Contract Administration
- Typical Outputs Of Contract Administration
Managing Contract Risks
- Identifying contract risks
- Responses To risk
- Contract Types
- Important contract clauses concerning risk
- Using Bonds and guarantees
- Working with service level agreements
Managing Performance and Contract Changes
- Managing supplier performance
- Monitoring and expediting techniques
- Major Causes Of Change to contracts
- Contract Price Adjustments
- Requesting Supplier Price Breakdowns
- Analyzing Contractor Costs and prices
Issues in Contract Performance
- Contract default
- Responding to a contract breach
- Liquidated and unliquidated Damages
- The option to terminate
- Force Majeure
- Supplier / Contractor Relations
Acceptance and Close Out
- Final acceptance
- Contractor Warranties
- Managing Retention sums
- Administration of final payments
- Negotiating Claims and Disputes
- Close Out Procedures and handover
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
The training is available in the following locations:
Ghana: $6500
RWANDA: $7500
UK: $8500
USA: $8500