Why Attend
The objective of every organization is that the contracting process results in a fair and reasonable price for a high quality on time deliverable. To meet this objective, world-class organizations view the application of best practices in contract administration after the award as being essential skill sets needed by all employees involved in the contracting process. Included in this fast-paced program to show renewed emphasis on this critical phase of contract management is:
Instructor-led training that uses interactive learning methods, including class discussion, small group activities, and role-playing
Be able to provide better outcomes from contracts; Review Contract administration techniques; Explore contract monitoring techniques; Learn how to get fair treatment in contract changes; Know how to analyze contracts; Discuss contract termination issues; How to Prepare for claims and disputes; Review acceptance and Contract closeout issues; Study the Inputs and outputs in contract administration
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DAY 1 - Objectives of contract administration
The Most Critical Elements
Key Players In Contract Administration
Post Award Conference
Analysis Of The Contract
Establishing Major Deliverables
What Needs To Be Measured?
DAY 2 - Outputs and contract types
Monitoring Techniques
Identify The Risk
Responses To Risk
Contract Types
Administration In Cost Type Contracts
Economic Price Adjustments
DAY 3 - Maintaining schedules and contract changes
Maintaining Contract Schedules
Expediting Techniques
Major Causes Of Changes
Contract Price Changes
Evaluating Price Changes
Practical Considerations for Bonds and Guarantees
Types of Bonds and Guarantees
DAY 4 - Issues in contract performance
Service Level Termination Event
What Constitutes a Breach?
Responding To A Breach
Right To Cover
Manuals And Drawings
Supplier/Contractor Relations
Sub-contractor Issues
DAY 5 - Acceptance and closeout
Source Code Escrows
Forms Of Payment
Progress Payments
Claims and Disputes
Negotiation Of Claims And Disputes
Final Acceptance
Close-Out Procedures