Contracts Administration from Award to Completion
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 organizations to get the full benefit from procurement activity.
Included in this fast-paced Contracts Administration training course to show renewed emphasis on this critical phase of contract management is:
WHO SHOULD ATTEND?
Course Objectives of Contracts Administration
This training course aims to enable participants to achieve the following:
TRAINING METHODOLOGY of Contracts Administration
The Contracts Administration training course will include a range of lively and interactive training methods, including exercises, role plays, case studies, practice sessions, and group discussions. The learning experience will be grounded on instructor-led presentations that highlight key issues to focus on, and supported by a reference manual containing examples of best practice. Participants will make presentations and receive personal feedback on their performance. Discussions will enable participants to share their own experiences with the rest of the group.
Course SUMMARY
With the ever-increasing dependency on contractors to carry out functions that might previously have been done in-house, Contract Administration is emerging as an essential competency for many professionals and managers. This is the case in building projects or in other functional activities involving the acquisition of goods, equipment, and services. This training course 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.
Course Outlines of Contracts Administration
Day 1:
Objectives of contract administration
Day 2:
Managing Contract Risks
Day 3:
Managing performance and contract changes
Day 4:
Issues in contract performance
Day 5:
Acceptance and closeout