Contract Coordination Training
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Contract Coordination Training Course
Introduction:
Successful contract management is crucial for organizations to efficiently allocate their substantial financial resources and assets. The ability to create and manage formal agreements with suppliers of goods and services relies on more than just understanding business requirements and organizational needs; it also necessitates staying current in the field of contracting.
Contract management plays a vital role in optimizing the utilization of resources and ensuring that contractual obligations are fulfilled. It encompasses a range of activities, including negotiation, drafting, monitoring, and evaluating contract performance. Effective contract management can lead to cost savings, improved supplier relationships, and enhanced operational efficiency.
To excel in contract management, professionals must possess a comprehensive understanding of the intricacies involved in developing and maintaining contractual agreements. This includes knowledge of legal and regulatory frameworks, risk management, and negotiation strategies. Keeping abreast of the latest trends and best practices in contracting is essential for staying competitive in today's business landscape.
In this Contract Management course, participants will gain valuable insights and practical knowledge to navigate the complexities of contract management. The program covers essential topics such as contract administration, supplier relationship management, dispute resolution, and contract performance evaluation. Through real-world case studies and interactive exercises, participants will enhance their contract management skills and learn how to maximize value, minimize risks, and ensure compliance with contractual obligations.
Whether you are a procurement professional, contract manager, or involved in supplier relationships, this course will equip you with the tools and techniques to effectively manage contracts and drive successful outcomes within your organization. Join us and unlock the potential of contract management in enabling efficient resource allocation and achieving organizational objectives.
Course Objectives:
Participants attending the program will:
- How to be more effective in contract management activities
- Appropriate type and form of contracts for different situations
- How to anticipate problems and manage risks
- How to integrate project management with contract needs
- Best means of handling disputes and performance issues
- How to establish terms and conditions for different situations
- The latest advances in contract management
Who Should Attend?
- Engineering
- Project
- Construction
- Tenders
- Contracts
- Buyers
- Purchasing
- Financial personnel
- Those new to the function, preparing for a major project, or experienced managers looking for a refresher
Course Outlines:
- Principles of Good Contracting
- Overview of Tendering & Contract Award Process
- Key Steps in the creation of a Contract
- Essential Elements of a Valid Contract
- Other Types of Obligation Documents
- When to Obtain Legal Advice
- Law of Agency
- Organizing Strategies for Contract Management
- Defining Contract Management Responsibilities
- Planning for Contract Life Cycles
- Work Plan Best Practices
- Basic contract planning
- Communication
- Improving Contract Management
- Essential elements of contract management
- Contract Startup Techniques and Tools
- Incorporating Risk Assessment and Management
- Warranty and Claims Management
- Cost Tracking and Management
- Project Closeout
- Effective Handling of Contract Performance Issues
- Design and Specification
- Work Ordering Process
- Contract Administration
- Reporting Mechanisms
- Cost Control
- Quality Assurance and Control
- Recovery Clauses
- Termination and suspension
- Eliminating Sources of Contract Disputes
- Errors and omissions
- Anticipating and avoiding Conflicts
- Conflict Resolution
- Dealing with Unknowns
- Tracking Changes
- Managing Expectations
- Resolving disputes
- Negotiation
- Litigation
- Arbitration
- Alternative Dispute Resolution – especially mediation
- Understanding and Developing Contract Terms and Conditions
- Finding Contract Templates
- Using standard form documents
- Modifying standard forms
- Drafting special conditions
- Issues for subcontracts
- Case Studies
- Review of different types of contractual strategy and some real problems
- Contracts in the Twenty-First Century
- Strategic Alliance and Partnering Agreements
- Prime Contracting and other Consolidated Sourcing Contracts
- The New Engineering Contract (NEC) and other industry standards
- Online Contracting
- Online dispute resolution
- Supporting E-commerce
- Contract Management Review and Summary
- Course Highlights and Final Observations
- Other Sources of Information