Administering Contracts
Course Duration: 3 Days (8:30am-5:00pm)
Professional Development Units (PDU): 22.5
Download course description
You'll Learn How To:
- Effectively prepare for contract administration
- Avoid common problems and re¬duce risk
- Manage the change process more effectively
- Apply best practices:
– Payment management
– Quality assurance
– Completion criteria and acceptance - Resolve disputes quickly and reduce costs
- Manage contracts to increase profitability
Program Objectives:
This course provides practical in-depth guidance on both carrying out the ‘routine’ but vital responsibilities of contract administration and handling the challenges that typically arise during the life of a contract. You will learn how to use a proactive team approach to successfully administer contracts of all types and sizes to increase profitability and improve customer satisfaction.
Course Outline:
- Contract Management Process: Post award Phase Contract management process, Key contract administration policies, Reasons for noncompliance, Main tasks of contract administration, Contract administration realities
- Contract Administration Planning: An Organised and Logical Approach The power of planning, Work breakdown structure (WBS) for contract management, Contract administration plan, Pre-performance conference
- Disputes Resolution Process: A Proactive Approach to Problem Solving Planning for disputes, Documentation and notification, Contract interpretation, Execution of contract, Excuses for non performance, Dispute resolution methods
- Changes Management: Risk vs Opportunity Principles of changes management, Authorisation, Estimation and approval, Identification, Notification, Change impact documentation, Written confirmation, Types of contract changes, Change negotiation dos and don’ts
- Monitoring Progress: Tools and Techniques Monitoring contract progress control cycle, Performance observation, Progress reports, Project status reports, Performance variances, Records and documentation, Monitoring progress and corrective action, Typical contract problems
- Quality Assurance and Acceptance Typical types of contract inspections: In-process inspections, Materials inspection and test, Pre-final inspections, Final inspections, Acceptance (criteria, place, and rejection), Warranties (types and issues)
- Payment Management Contract payment objectives, Typical contract payment methods, Progress payment process, Buyer measurement and valuation, Lien waivers, Final payment process, Invoice and payment challenges
- Terminations – What to know, what to do Mutual agreement, Default or cause, Notifications – what to say, Settlements
- Contract Closeout and Termination, Termination of a contract, Contract closeout procedure, Contract closeout checklist, Documenting and sharing lessons learned