Efficient Contract Management and Formulations

Efficient Contract Management and Formulations

Introduction:

This course is proudly introduced to you by the International Academy of Human Resource Development(IAHRD). Our courses are customized to match your needs in which they are designed by experts who has a long practical experience in the field.

To guarantee your demands to be fully satisfied, you should be able to fairly manage and formulate contracts. This will guarantee your rights and will protect others rights. Being clear with yourself and with others will establish healthy relationships with people you work with. Such skills are gained with practical and theoretical knowledge, which is the purpose of this seminar.

Objectives:

By the end of this program, the participant will be able to:

1. Understand terms and concepts in the management and formulation of contacts.

1. Be familiar with the role of contract management and formulation.
2. Guarantee and protect your rights and others rights on the other hand.
3. Employ suitable contracting methods and types.
4. Improve the outcomes through the right contract.
5. Manage contract changes and overcome problems that may arise.
6. Get ready for claims and disputes.

Contents:

Module 1:

1. What is contract management?
2. What is the role of contract management?

1. How to make your contract management more effective?
2. Critical and essential elements.
3. Keys of contract administration.
4. How to analyze your contract?

Module 2:

1. What  are the important areas to assess?
2. Outputs of contract management.
3. Strategies for effective monitoring.
4. Identify the risks.
5. Responses to risk.

Module 3:

1. Types of contracts.
2. Type of contracts and the administration.
3. Adjusting to the prices.
4. Compliance with the contract schedules.
5. What might change and why?

Module 4:

1. How to evaluate the changes in price?
2. Bonds and guarantees considerations.
3. Types of bonds and guarantees.
4. Contract termination.
5. Issues of contract termination.

Module 5

1. Effective solutions to financial problems.
2. Claims and disputes.
3. Case Studies

Who should attend?

1. Contract Administrators.
2. Project Coordinators.
3. Contracts Officers.
4.  
5. Engineering Project Managers.
6. Construction Managers.
7. Tenders Managers.
8. Purchasing Managers.
9. Project Managers.