Engineering and Construction Contract Management

Overview:

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.