Introduction:

This training program provides participants with a thorough understanding of the principles and practices of managing contracts in the engineering and construction sectors. It empowers them to navigate the complexities of contract management in large-scale engineering and construction projects.

Program Objectives:

At the end of this program, participants will be able to:

Understand the fundamental principles and processes involved in effective contract management.
Apply best practices for contract administration, ensuring compliance with legal and regulatory requirements.
Identify and manage risks within contracts, developing strategies to mitigate potential issues.
Implement effective dispute resolution techniques to handle claims and variations.
Finalize contracts efficiently, ensuring all obligations are met and lessons learned are documented for future improvement.

Targeted Audience:

Contract Managers.
Project Managers.
Engineers.
Construction Managers.
Legal Professionals.
Procurement Specialists.

Program Outline:

Unit 1:

Fundamentals of Contract Management:

Overview of contract management principles.
Key elements and types of contracts in engineering and construction.
Roles and responsibilities in contract management.
Legal frameworks governing contracts.
Case studies on fundamental contract management practices.

Unit 2:

Contract Administration and Compliance:

Techniques for effective contract administration.
Monitoring and enforcing contract terms and conditions.
Managing contract documentation and records.
Ensuring compliance with regulatory and legal requirements.

Unit 3:

Risk Management in Contract Management:

Identifying and assessing risks in contracts.
Strategies for risk allocation and mitigation.
Handling changes and unforeseen events.
Developing a risk management plan.

Unit 4:

Dispute Resolution and Claims Management:

Common sources of disputes in engineering and construction contracts.
Dispute resolution mechanisms and techniques.
Managing contract claims and variations.
Negotiation and settlement strategies.

Unit 5:

Contract Closeout and Lessons Learned:

Finalizing all contractual obligations and ensuring the fulfillment of agreed deliverables.
Completing the financial settlement and closing any outstanding payments or invoices.
Preparing and archiving all essential contract documentation for future reference.
Documenting lessons learned to improve contract management processes for future projects.

Engineering and Construction Contract Management