This course aims to provide participants with the knowledge, skills, and tools required to manage contracts from inception to closure. Participants in this interactive course will learn about the activities conducted in each phase of a contract's life cycle, methodologies used to manage each of these activities, and the best practices used in contract management. The course will cover critical areas such as contract preparation, contract award, and contract administration.
Course Methodology
This course relies on the use of individual and group exercises aimed at helping participants learn all key contract management activities. The course also features the use of a number of case studies, presentations and role plays by participants followed by plenary discussions. In addition, this course incorporates pre and post testing.
Course Objectives
By the end of the course, participants will be able to:
Identify principles, definitions, and major steps involved in the contracting process
Outline all contract preparation activities, including planning, developing the scope of work and identifying sourcing options
Recognize different types of contracts and the effect of each type on the risk allocation strategy
Develop criteria to invite, receive and evaluate bids
Apply contract administration tools and techniques to effectively manage the contract and avoid disputes during implementation
Resolve disputes collaboratively and amicably and outline alternative dispute resolution methods
Target Audience
All those involved in any aspect of preparing, implementing, managing or administering contracts and who are committed to prove their dedication to their professional growth. Successful candidates will receive their certificate of attendance. This course is worth 30 Professional Development Units (PDUs).
Target Competencies
Contract preparation
Contract administration
Preparing and evaluating bids
Planning contracting process
Resolving contractual disputes
Managing contractors
Note
Plus has been reviewed and approved by the PMI® Authorized Training Partner Program. This course is worth 30 Professional Development Units (PDUs).
Course Outline
Principles of Contracts
Defining a contract
Elements of a contract
Important concepts used in contract management
Contract stages
Problems in preparing and managing contracts
Contract Preparation
Setting up a contracting strategy
Developing a Scope of Work (SoW)
Terms and conditions
Developing evaluation criteria
Determining sourcing strategy
Pre-qualification criteria
Preparing requests for proposal
Contract Types and Strategies
Fixed-price contracts
Cost reimbursable contracts
Time and material contracts
Payment terms
Tendering and Bids Evaluation
Objectives of tendering
Tendering process
Preliminary examination of bids
Technical evaluation
Commercial evaluation
Most Economically Advantageous Tender (MEAT)
Contract Administration
Purpose of contract administration
Documents needed to administer a contract
Role of contract administrators
Contract administration tools
Performance reporting
Claims and Variation Orders
Breach of contract
Money damages
Equitable remedies
Changes and modifications
Alternative Dispute Resolutions (negotiation, mediation, arbitration)