Best Contract Management Course [2024]

The contract management Course at Remoik will reveal the best practices of contract management, which when applied effectively, can ensure project success, speed performance, and reduce risks and costs along the way. Discover the keys to contracting from your perspective in this practical course. Get an overview of all phases of contracting, from requirements development to close-out. See how incentives can be used to improve contract results. Contract administration is a broad term used to describe the management of the parties’ responsibilities in delivering contracts. At the core of each responsibility is the contract.

 

This course briefly reviews the formation and interpretation of contracts as the rules of engagement between parties embarking on a project. It then looks and the processes of administration and management of the contract throughout the course of a project. Furthermore, the course will provide the knowledge for developing practical procedures to deliver a streamlined contract administration process.

 

Participants will also review the crucial interface between the contract administrator’s role and responsibilities, and that of the project manager’s project management functions. Finally, as claims processes are fundamental concepts in contract administration, the course examines the most common claims, with an emphasis on claims for variations and delays. The approach to dealing with delivery defects is also addressed.

Contract Management Course Key Learning Objectives

  • Clarify the roles of the contract manager and contract administrator
  • Understand key aspects of contracts: as a contract manager how to read, interpret and evaluate them
  • Examine fundamental facets of contract administration and claims processes
  • Appreciate the contractual issues surrounding variations, delays and defects; and develop procedures to effectively deal with these issues
  • Ensure both contract administration and project management endeavors emphasize contract compliance throughout the delivery process
  • Analyze key principles of effective document control, reporting and communication systems
  • Discover cooperative negotiation and partnering skills for dispute avoidance and resolution

Contract Management Course Outlines

Understanding Contract Management

  • Contract management principles
  • Pre-award, award and post-award considerations of contract management from both buyers’ and sellers’ perspectives
  • Detailing the role of the contract manager
  • Understanding where contract management fits with the broader organizational goals
  • Strategic considerations behind contract management

 

The Contract-A Management Perspectives

  • Understanding quoting and tendering to ensure proper process is maintained
  • Pre-contractual negotiations – How to use them to ensure your desired risk transfer is achieved
  • Contract formation – Various approaches and what to be careful of
  • Documentation – Understanding the purpose and importance of various documents that make up a typical set of contract documents
  • Contractual interpretation – How to use it to inform sensible contract management decisions

 

Contract Planning and Risk Management 

  • Developing the overall management plan for the contract
  • Aligning contract planning with established organizational systems
  • Evaluating risks
  • Using contracts as effective risk management tools and developing strategies for mitigating risk that arises from contracts
  • Making the contract effective in practice

 

The Claims Process-Theory and Practice

  • Overview of the claims process
  • Key points in formulating claims
  • Key considerations in valuing claims
  • The contract administrator’s relationships and responsibilities, and those of the project manager
  • The administrator’s role and limits of authority
  • Examining other roles in the contract management network and their associated limits of authority/decision-making power (contracts manager, superintendent, project manager, project director, development manager, functional manager etc.)
  • Interpersonal communication to make contracts happen
  • Ethics in contract management – Are contractual obligations and ethics the same thing?

 

Contract Administration and Project Management

  • The interface between contract administration and project management
  • The importance of effective systems for the administration of contracts
  • Establishing timelines, lookups and prompts
  • Contract compliance: monitoring, reporting and adherence to standards
  • Document control and milestone planning
  • Developing communication systems within the contract delivery hierarchy

Contract Management Specific Communication Skills

  • Understanding how effective contract specific communication can facilitate optimum contract delivery and administration outcomes
  • Pre-award conferences, the benefits and disadvantages
  • Pre-contract conferences – Their value and how to run them effectively
  • Delegating effectively
  • Dispute avoidance and resolution-contractual principles and practical procedures

 

Claims, Variations, Disagreements and Disputes

  • Payment claims – The legal principles and the practical procedures
  • Variations – Legal principles and practical procedures
  • Delays, extensions of time, delay costs and damages – Legal principles and practical aspects of their management
  • Defects – The contractual remedies and the practical procedures for ensuring they are realised

 

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