Contract Administration: Understanding & Implementing Contractual Obligations

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Why Attend

Course Overview

The overall aim of this course is to provide participants with the knowledge, concepts, skills and tools necessary to manage and administer contracts post-award. Participants in this interactive course will learn all the processes and activities required to implement contractual obligations. The course will also cover contract administration best practices.

Event Date: 14/03/2023 – 16/03/2023

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Overview
Course Outline

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)