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Control & Administration Contracts

by Golden Masters for Training & Consultancy

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.

AED 17000

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img Duration

5 DAYS

Course Details

Course Description:

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 programme to show renewed emphasis on this critical phase of contract management are:

- Effective Contract Administration

- Interpretation of Contracts

- Maintaining Contract Schedules

- Controlling Contract Changes

Course Objective:

Participants attending the programme will:

- 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 close out issues

- Study the Inputs and outputs in contract administration

Course Certificate:

Masters Consultant Certificate will issue to all attendees

Course Outline:

DAY 1 - Objectives of Contract Administration

- Effective 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

- Typical Outputs Of Contract Administration

- Monitoring Techniques

- Identify The Risk

- Responses To Risk

- Contract Types

- Administration In Cost Type Contracts

- Economic Price Adjustments

DAY 3 - Maintaining Schedules & Contract Changes

-Maintaining Contract Schedules

- Expediting Techniques

- Major Causes Of Changes

- Contract Price Changes

- Evaluating Price Changes

- Practical Considerations for Bonds & Guarantees

- Types of Bonds and Guarantees

DAY 4 - Issues in Contract Performance

Contract Terminations

Service Level Termination Event

What Constitutes Breach?

Responding To A Breach

Right To Cover

Manuals And Drawings

Supplier/Contractor Relations

Subcontractor Issues

DAY 5 - Acceptance and Close Out

- Warranties

- Source Code Escrows

- Forms Of Payment

- Progress Payments

- Claims and Disputes

- Negotiation Of Claims And Disputes

- Final Acceptance

- Close Out Procedures

- Post Contract Review Meeting

Masters Training Company was established in response to the growing need for quality training to support the business community within your Company, Department or Organization by providing a high standard of Training Programs, Courses, Seminars, Workshops and Consultancy Services to employees in a very competitive business environment. 

 
Following the latest trends and ideas in Technology and Management techniques, and with its in-depth knowledge of the business environment, Masters Training Company is able to meet the special requirements of both local and international business throughout the Middle East. Masters Training & Consulting is an independent multinational firm with more than 25 years of experience in helping regional organizations develop their human capital in all fields of management. 
 
Since 1990, we have been entrusted by our clients to provide the most reliable training and consulting products and services in the region. Our innovative and diversified range of training programs and consulting services are designed and delivered by an ever-growing team of full time multilingual consultants experienced in providing solutions relevant to this part of the world and applicable to today’s business challenges.
 
We pride ourselves on our track record in this regard and on our long-standing relationships with our clients, many of whom have been with us since we started business. 
 
 
Our public training programs have attracted more than 300,000 participants from almost 3,000 organizations many of whom also entrust us with their needs for bespoke in-company programs. Our client base is steadily growing and so is our commitment to remain the regional leaders in the fields of training and consulting.

Masters is also an approved vendor from KHDA & ILM

View Detailed Profile

  • Sheikh Zayed Road Branch

    Kherbash Tower, Office # 1803 & 1804, Sheikh Zayed Road, Dubai

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