Contracts Administration Online Training Course

Schedules Introduction Objectives Training Methodology Who Should Attend? Outline

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Course Schedule

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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 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

A PMI registered mark

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

Options & Brochure

Related Categories

Contracts Management

Frequently Asked Question:

How can I find out more information about a specific course?

For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.

Can I get a discount for group bookings?

Yes, GLOMACS offers special discounts for group bookings. If you’re planning to enroll multiple participants from your organization, please reach out to our team to discuss the available discount packages.

How are GLOMACS courses structured?

Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions, hands-on activities, and interactive Q&A sessions to maximize learning outcomes.

Will I receive a certificate upon completing a GLOMACS course?

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Does GLOMACS offer customized training for organizations?

Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.

How can I register for a GLOMACS course?

You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.

Who are the trainers at GLOMACS?

Our trainers are industry experts with years of practical experience in their respective fields. They bring real-world knowledge and insights into the classroom, ensuring that our participants receive top-tier, applicable skills and expertise.

Are GLOMACS training courses available online or in person?

GLOMACS offers both online and in-person training options. You can choose from interactive virtual sessions or attend one of our globally located in-person training courses. The flexibility ensures that learning fits your schedule and preferences.

What types of training courses does GLOMACS offer?

GLOMACS offers a wide range of professional development training courses across various industries, including Leadership & Management, Finance & Accounting, Human Resources, Engineering, Oil & Gas, Operations and Logistics, Engineering and Technical and more. Our training courses are designed to enhance career growth and organizational effectiveness.

What are the key benefits of attending a GLOMACS course?

Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability, industry-recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.

Why should I choose GLOMACS?

GLOMACS is a globally recognized leader in professional training and development, with a reputation for delivering high-quality, results-driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online and in-person), and accredited certifications that add real value to your career.

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