Course Outline
- Principles of contract
- Objectives of contract management
- Elements of a contract
- Classical contract framework
- Problems in preparing and managing contracts
- Competencies of contract administrators
- Contract preparation
- Business case
- Acquisition planning
- Contracting methods; bidding, negotiation
- Drafting of scope of work
- Decision analysis worksheet
- Implications of poor scope of work
- Terms and conditions
- Determining sourcing strategy
- Types of contracts:
- Fixed price contracts
- Cost reimbursable contracts
- Time and material contracts
- Contract administration tools
- Key principle
- Contract provisions affecting implementation
- Tools and techniques for contract administration
- Dissection technique
- Issues and risks logs
- Records management system
- Contract change control system
- Roles and responsibilities
- Performance reporting
- Developing schedule plans
- Risk management plans
- Lessons learned
- Contractor evaluation
- Evaluating contractor’s performance
- Contractor’s ratings
- Key performance indicators
- Targets and benchmarks
- Claims and disputes
- Changes and variation orders
- Claims and disputes
- Breach of contract
- Money damages
- Equitable remedies
- Alternative dispute resolution (mediation and arbitration)