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

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

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.

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

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

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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.

P.O. Box 74653, Dubai, United Arab Emirates
Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.com