Excellence in Contracts Administration

• Be able to provide better outcomes from contracts.
• Update their Contract administration techniques.
• Monitor contract performance.
• Manage the contract change process.
• Know how to analyse contract obligations and risks.
• Manage contract default and consider remedies including termination.
• Prepare for contract claims and disputes.
• Review acceptance and Contract close out issues.

CONTENT

Objectives of Contract Administration

• What is Effective Contract Administration?
• What are the causes and effects of contract failure?
• Analysis of the Contract requirements
• Defining the Job to be done – specifications and statements of work
• Key Players in Contract Administration
• Typical Outputs of Contract Administration

Managing Contract Risks

• Identifying contract risks
• Responses To risk
• Contract Types
• Important contract clauses concerning risk.
• Using Bonds and guarantees.
• Working with service level agreements

Managing Performance and Contract Changes

• Managing supplier performance
• Monitoring and expediting techniques.
• Major Causes of Change to contracts
• Contract Price Adjustments
• Requesting Supplier Price Breakdowns
• Analysing Contractor Costs and prices

Issues in Contract Performance

• Contract default
• Responding to a contract breach
• Liquidated and unliquidated Damages
• The option to terminate.
• Force Majeure
• Supplier / Contractor Relations

Acceptance and Close Out

• Final acceptance
• Contractor Warranties
• Managing Retention sums
• Administration of final payments
• Negotiating Claims and Disputes
• Close Out Procedures and handover

Training Methodology

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.