Contract Administration: Understanding and Implementing Contractual Obligations
Course Info
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Course Details
Introduction
Objective
Who should attend
Course Location
In today's complex business environment, contract administration plays a critical role in ensuring that agreements are effectively managed, executed, and enforced. Contracts define obligations, deliverables, risks, and rights between parties, making it essential for organizations to understand and implement contractual obligations properly to minimize risks and enhance operational efficiency.
This Contract Administration: Understanding and Implementing Contractual Obligations course provides professionals with a comprehensive understanding of contract administration processes, equipping them with the necessary tools, techniques, and strategies to manage contracts efficiently. Participants will explore key aspects such as contract structuring, compliance management, contractor performance evaluation, change control, dispute resolution, and post-award negotiations.
By the end of the course, participants will have the expertise to navigate contractual obligations confidently, resolve disputes effectively, and ensure that contracts are executed in alignment with legal, financial, and operational requirements.
Course Outline
Introduction to Contract Administration
- Overview of Contract Administration basics: the purpose and scope of contract administration
- Defining the role and key responsibilities of a contract administrator
- Distinguishing between contract administrators and other project stakeholders
- Top requirements for contract administrators:
- Education and professional qualifications for aspiring contract administrators
- Key competencies and skills: Legal knowledge, communication, and project management
- Describing the process of contract administration and contract implementation
- Case Study: analyze a sample approach to managing scope changes, delays, and communication issues in a construction project.
