Who Can Benefit?

• Contracts, Purchasing, Engineering, Operational, Maintenance and Projects personnel

Course Objectives

• Review contract planning by risk assessment
• Gain in knowledge of Contract types
• Learn how to write contract clauses to protect the owner
•  Explore how to developing better contract provisions
•  Be able to structuring economic price adjustments
• Discuss Important elements of Contract Management

Course outline

• Important Elements of Contract Management

• Essential Activities In Contract Management
• Planning The Contract
• Identify Basic Planning Assumptions
•  Reviewing Historical Data Check List
• Basic Items That Should Be In A Statement Of Work
•  Elements Of Risk
•  Determining Contract Type By Risk Strategies

• Planning the Contract Document

• Developing The Economic Price Adjustment Clause
• Managing Expectations
• Obligation Documents
• Important Elements And Objectives Of The Contract
• Use A Contract Check Lists
• Important Implications Of The Integration Clause
• Buyer's Rights Before Performance Is Due

• Important Commercial Clauses

• Major Issues Related To Warranties
• Uniqueness Of Service Contracts
• Including Performance Measures In The Contract
•  Does The Penalty Clause Add Value
• Methods Of Payment
• Don't Overpay Progress Payments
•  Large Software Acquisitions

• Contract Issues after the Award

•  How To Deal With Contract Changes
•  Types Of Contract Termination
•  Breach Of Contract
• Bonds And Guarantees
•  Preparing For Contract Disputes
• Contract Clauses For Disputes
•  Legal Concepts That May Supplement Written Terms

• Contract Writing and Management
•  Buying In Groups
• The New Engineering Contract  
• Supporting E-Commerce
• Clauses Related To Fraud Prevention
• Contract Review Process
•  Improve Personal and Project Management