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Schedules Introduction Objectives Training Methodology Who Should Attend? Outline
Course Schedule
Date Format Time Fees
18 - 22 Sep 2022 Online 11:00 to 16:00 Dubai [GMT +4] $2,950
Course Description

Introduction

Once a contract has been awarded – particularly in capital projects, such as construction – how do you ensure that what you contracted for is what gets delivered? How do you monitor a service provider’s performance or a vendor’s product delivery to ensure timely and high quality results? How do you make sure that if your requirements change, that the financial, quality and schedule impacts of change are acceptable?

All employees involved in the contracting process need to be able to deploy best practices in post-award contract administration to enable their organisations to get the full benefit from procurement activity.

This GLOMACS online training course will highlight:

  • Effective Contract Administration
  • Managing Contract Risks
  • How to interpret Contract Wording
  • Maintaining Contract Schedules
  • Controlling Contract Changes

Objectives

This GLOMACS online training course aims to enable participants to achieve the following:

  • 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

Training Methodology

This online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.

Who Should Attend?

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

  • Contract Specialists and Professionals
  • Contract and Project Administrators and Coordinators
  • Contract Engineers and Contract Analysts
  • Construction Contract and Project Managers
  • Bids and Tenders Managers and Officers
  • Buyers and other Purchasing Professionals
  • Supply chain professionals concerned with contract performance
  • Anyone new to the function of contract management and administration, or those wishing to polish their contract administration skills
Course Outline

DAY 1

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

DAY 2

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

DAY 3

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
  • Analysing Contractor Costs and prices

DAY 4

Issues in Contract Performance

  • Contract Default
  • Responding to a Contract Breach
  • Liquidated and Unliquidated Damages
  • The Option to Terminate
  • Force Majeure
  • Supplier / Contractor Relations

DAY 5

Acceptance and Close Out

  • Final Acceptance
  • Contractor Warranties
  • Managing Retention sums
  • Administration of Final Payments
  • Negotiating Claims and Disputes
  • Close Out Procedures and Handover
Certificates
  • On successful completion of this training course, GLOMACS E-Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor and Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates
Providers and Associations

Endorsed Education Provider

  • Quality Logo
  • Quality Logo
  • Quality Logo

A PMI registered mark

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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