Contracts Administration

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.