23 - 27 Dec 2024
Cape Town (South Africa)
Hotel : DoubleTree by Hilton Cape Town - Upper Eastside
Cost : 5950 € Euro
The objective of every organization is that the contracting process results in a fair and reasonable price for a high quality on time deliverable. To meet this objective, world-class organizations view the application of best practices in contract administration after the award as being essential skill sets needed by all employees involved in the contracting process. Included in this fast-paced program to show renewed emphasis on this critical phase of contract management is:
Interpretation of Contracts
Maintaining Contract Schedules
Controlling Contract Changes
Review Contract administration techniques
Explore contract monitoring techniques
Learn how to get fair treatment in contract changes
Know how to analyze contracts
Discuss contract termination issues
How to Prepare for claims and disputes
Review acceptance and Contract closeout issues
Participants will increase competencies through a variety of instructional methods including a lecture by an experienced practitioner and consultant, exercises, and group discussions covering current practices and their relationship to the implementation of new concepts.
With the ever-increasing quantity of outsourcing by organizations, Contract Administration is emerging as an essential competency for professionals and managers in most functional activities that are involved in the acquisition of goods, equipment and services. This programme is designed to take the participant through the many steps of contract administration from the time the award is made through to final acceptance, payment, and the contract closeout so that the total objectives of entering into the contract are achieved.
DAY 1 - Objectives of contract administration
The Most Critical Elements
Key Players In Contract Administration
Post Award Conference
Analysis Of The Contract
Establishing Major Deliverables
What Needs To Be Measured?
DAY 2 - Outputs and contract types
Monitoring Techniques
Identify The Risk
Responses To Risk
Contract Types
Administration In Cost Type Contracts
Economic Price Adjustments
DAY 3 - Maintaining schedules and contract changes
Maintaining Contract Schedules
Expediting Techniques
Major Causes Of Changes
Contract Price Changes
Evaluating Price Changes
Practical Considerations for Bonds and Guarantees
Types of Bonds and Guarantees
DAY 4 - Issues in contract performance
Service Level Termination Event
What Constitutes a Breach?
Responding To A Breach
Right To Cover
Manuals And Drawings
Supplier/Contractor Relations
Sub-contractor Issues
DAY 5 - Acceptance and closeout
Source Code Escrows
Forms Of Payment
Progress Payments
Claims and Disputes
Negotiation Of Claims And Disputes
Final Acceptance
Close-Out Procedures