Advanced Contract Management: Ensuring Successful Procurement Delivery
INTRODUCTION
Choosing the right Contract Strategy is the primary factor in determining contractor performance. It defines the way work will be allocated among contractors, the type of contractors to use, form of contracts (e.g.., lump sum or reimbursable cost), the allocation of risks, and how benefits or incentives will be used. Contract strategies are unique to each project, and must reflect cost and savings objectives, the level of scope definition, prevailing market conditions, technology involved, people to be managed, location, specialized skills and services required, and the allocation of responsibilities between owner/proprietor and contractor.
Course Objectives:
- Gained an advanced knowledge on contract management and apply its proven techniques, tools and procedures on planning, strategy, development, legal, negotiation, disputes, claims, counter claims, risk and administration
- Be able to competently plan and carry out the various contract administration functions for successful delivery of works and services in accordance with the “scope”, “quality”, “time” and “money” provisions of the respective contracts, and recognised standards of professional practice.
- Understand the intimate link between contract Management and successful project management including reporting with respect to accomplishment of project outputs and objectives.