Excellence in Contracts Management

OBJECTIVES
• Select appropriate type and form of contracts for different situations
• Understand the legal framework in which contract management takes place
• Understand the contract complexities that need managing
• Explain the practical steps in obtaining and analysing performance data
• Be more effective in contract management activities
• Anticipate problems and manage risks
• Integrate contract management with contract needs
• Understand the best means of handling claims, disputes and performance issues

CONTENTS
Understanding the contract
• Overview of the tendering and contract award process
• Understanding contracts – a refresher on legal requirements for a contract
• Formal and Informal Contractual documents, including
• Standard terms and conditions
• Letters of intent
• Letters of comfort
• The specification and scope of work – linkage to price and payment
• Recognising where the contract risks lie
• Tools and techniques to manage contract risks

Key skills of contract management
• The role and value of an effective contract manager
• Implementing the new contract
• Effective Review processes
• Inspection and certification of contractual performance
• Managing suppliers of professional services
• Working with contract management reports
• Using KPIs in effective contract management

Model Contracts and Terms
• Selecting the right model for the contract
• Standard form Contracts
• Force Majeure clauses
• Indemnities and Insurance clauses
• Warranty clauses
• Bonds and Guarantees
• Contract variation clauses

Managing Price and Contract Variations
• Managing Price escalation
• Getting a breakdown of costs
• Cost and price analysis techniques
• Tracking changes
• Managing variations to the work
• Changes to timing, accelerating delivery
• Increase or decrease in scope
• Changes to work methods
• Negotiation techniques for price and contract variation management

Managing claims and disputes
• Typical contract claims – scope, delay, quality, payment
• Implementing penalties or service credits
• Liquidated and unliquidated damages
• Termination and other methods of dealing with default
• Defects Liability Management
• Dispute Resolution – tools and techniques to use
• Contract closeout

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:

1ST BATCH:        25th – 28th Feb,  2025     

2ND BATCH:       12th – 15th Aug, 2025