Once the contract has been awarded and signed between the parties, it is important to ensure that the contracted works need to be delivered for their intended purpose. This is where the contract administration comes into place to monitor the contracted works or services which must be effectively delivered.
Contract administration includes the activities needed to implement and determine the fulfillment of the contract requirements by the parties of the contract. The contracted works are a team effort that involves all the contractual parties working towards the common goal of delivering the completed works ready for their intended use.
The basic responsibilities of the parties are generally stipulated within the contract documents. Depending on the project deliverables, the selection of procurement route may differ. The role of the contract administrator does not begin until the contract is in place between the parties. However, in practice, such roles will begin before the existence of the contract.
This Global Horizon training course will provide holistic education/training to the participants for the best practice in dealing with:
Upon completing this training course successfully, participants will be able to:
Understand the fundamental obligations of the contract administrator
Effectively implement the signed contract to achieve the employer’s requirements
Gain sufficient knowledge in the valuation of variations, payments, and claims
Application of contractual techniques in dealing with the risks involved in the projects
Understanding the requirement of insurance, bond, and gurantees.
Understanding the important dispute-resolutionlution techniques
Effectively communicate with the parties about their contractual responsibilities
Identify the process involved in the project closeout
This is a collaborative Contract Administration Certification Training Course and will comprise the following training approaches:
Enterprises that nominate their employees to take this Contract Administration training course can benefit in the following ways:
Professionals attending this course on Contract Administration can benefit in the following ways:
This training course would be suitable for:
Introduction to Contract Administration
Interim Payment Certificates
Variation
Claims
Final Accounts and Reports
Insurances, Bonds, and Guarantees
Dispute Resolution Techniques
Project Closeout Procedure