Conference: Contracts Administration: From Award to Completion

Introduction

This conference focuses on achieving organizational objectives by ensuring the contracting process delivers fair pricing, high quality, and timely results. World-class organizations recognize the importance of best practices in contract administration, emphasizing skills needed post-award. Participants will explore key topics, including effective contract administration, interpreting contract terms, maintaining schedules, and controlling contract changes. This fast-paced session equips attendees with practical tools to enhance contract management and drive successful project outcomes.

Objectives 

• Be able to provide better outcomes from contracts

• 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

• Study the Inputs and outputs in contract administration

Target Audience

This conference is designed for:

• Contract Administrators and Contract Specialists
• Procurement and Purchasing Professionals
• Project Managers and Project Coordinators
• Supply Chain and Logistics Professionals
• Commercial and Tendering Managers
• Legal and Compliance Professionals involved in contracts
• Engineers and Technical Professionals responsible for contract execution
• Operations and Maintenance Managers
• Finance Professionals involved in contract cost control and payments
• Professionals responsible for contract monitoring, claims, disputes, and closeout activities
• Individuals seeking to enhance their knowledge and practical skills in contract administration and management

Outlines

Day 1: Objectives of contract administration

• Effective 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

• Typical Outputs Of Contract Administration

• 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

• Contract Terminations

• 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

• Warranties

• Source Code Escrows

• Forms Of Payment

• Progress Payments

• Claims and Disputes

• Negotiation Of Claims And Disputes

• Final Acceptance

• Close-Out Procedures

• Post Contract Review Meeting