Contract Award and Management

This Advanced Contract Management training course will help you to develop the advanced skills required to get the best out of your project contracts.

About this Course

This Advanced Contract Management training course will help you to develop the advanced skills required to get the best out of your project contracts. Organisations frequently use contracts to implement project activities or work packages. Unless managed well, this can be source of risk and loss for the organisaiton. This training course will cover the skills required to maximise the value that is returned from these critical commercial relationships.You may have experience in managing projects, contracts, or both. This training course will build on that knowledge in an easily understandable way so that you expand your capability and effectiveness. More importantly, it will give you some practical tools and techniques that you can apply, which will give a tangible increase in the benefit that you will gain from this training course.

  • Gain a thorough understanding of the processes involved in contract award and management, from initiation to closeout.
  • Learn techniques to draft clear and enforceable contracts while negotiating terms
  • Understand applicable laws, regulations, and industry standards governing
  • Identify, assess, and manage risks throughout the contract
  • Learn best practices for monitoring performance, resolving disputes, and ensuring compliance with contractual obligations.
  • Build collaborative relationships to ensure successful execution and mutual benefit
Day 1: Introduction to Contracts and Pre-Award Phase
  • Definition and purpose of
  • Key elements of a valid
  • Pre-award activities: needs assessment, market research, and procurement
  • Types of contracts (fixed-price, cost-reimbursable, time and materials).

 

Day 2: Contract Drafting and Negotiation
  • Essential clauses in contracts: scope, deliverables, timelines, payment terms, liabilities, and
  • Tips for effective contract
  • Negotiation techniques for achieving favorable
  • Addressing ethical considerations and fairness in

 

Day 3: Contract Award and Implementation
  • Contract evaluation and selection
  • Awarding contracts: documentation, communication, and kickoff
  • Roles and responsibilities in contract
  • Establishing performance metrics and

 

Day 4: Contract Monitoring and Risk Management
  • Monitoring performance and compliance with
  • Identifying and mitigating risks in
  • Handling contract amendments and change
  • Resolving disputes and managing

 

Day 5: Contract Closeout and Practical Application
  • Closeout processes: final payments, performance evaluations, and lessons
  • Transition and handover
  • Case studies: Real-world examples of successful and problematic
  • Final assessment: Practical exercises and group

 5850 USD

About this course:
Venues

London

Duration:

5 Days

Date

19th January 2025

Course Details Files:

Click to Check PDF

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