Contracts Administration From Award to Completion

Overview:

Introduction:

This training program offers participants a comprehensive understanding of the entire lifecycle of contract administration. It empowers them to navigate complex contractual processes, ensure compliance, and drive successful project outcomes.

Program Objectives:

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

• Understand the fundamentals of contract administration from award to completion.

• Develop skills to manage contract performance and compliance.

• Learn techniques for handling contract changes and disputes.

• Implement strategies for risk management throughout the contract lifecycle.

• Enhance the ability to successfully close out contracts.

Targeted Audience:

• Contract Administrators.

• Project Managers.

• Procurement Professionals.

• Legal Professionals.

• Business Executives.

• Compliance Officers.

Program Outline:

Unit 1:

Fundamentals of Contract Administration:

• Overview of contract administration principles.

• Key stages in the contract lifecycle.

• Roles and responsibilities of contract administrators.

• Legal and regulatory frameworks governing contract administration.

• Case studies on contract administration fundamentals.

Unit 2:

Managing Contract Performance:

• Techniques for monitoring and assessing contract performance.

• Ensuring compliance with contractual terms and conditions.

• Performance metrics and reporting in contract management.

• Handling contractor performance issues.

• Case studies on effective contract performance management.

Unit 3:

Handling Contract Changes:

• Understanding contract modification and amendment processes.

• Procedures for managing contract changes and variations.

• Negotiating and documenting contract changes.

• Assessing the impact of changes on contract performance and cost.

• Case studies on managing contract changes effectively.

Unit 4:

Risk Management in Contract Administration:

• Identifying and assessing risks throughout the contract lifecycle.

• Strategies for mitigating and managing contractual risks.

• Developing a risk management plan for contracts.

• Handling unforeseen events and disputes in contracts.

• Case studies on risk management in contract administration.

Unit 5:

Contract Closeout and Completion:

• Procedures for successfully closing out contracts.

• Ensuring all contractual obligations have been met.

• Documenting and archiving contract records.

• Conducting post-contract reviews and evaluations.

• Case studies on successful contract closeout and completion.