PM056: Designing and Managing Effective Contracts

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1 PM056: Designing and Managing Effective Contracts PM056 Rev.001 CMCT COURSE OUTLINE Page 1 of 5

2 Training Description: In every organization the effective expenditure of enormous sums of money and resources is dependent on successful contract management activities. Creating and managing formal agreements with suppliers of goods and services requires not only a complete understanding of the business requirements and organization needs, but also depends on keeping up-to-date on contracting. This course is designed to explore the advanced practices generally viewed as leading to World-Class performance in contract management so that participants can determine where they are now and begin immediate implementation of the steps needed to create maximum total value for their organization. Training Objective: By the end of the training, participants will be able to: Be more effective in contract management activities Have the appropriate type and form of contracts for every situation Learn how to anticipate problems and manage risks Know how to integrate project management with contract needs Know the best means of handling disputes and performance issues Learn how to establish terms and conditions for every situation Learn the latest advances in contract management Training Designed for: This course is intended for engineering project, construction, tenders, contract Manager, Buyers, purchasing, and financial personnel in organizations whose leadership wants advanced skills sets in those involved in major contracting activities. The program is a great way to develop those new to the function, prepare for a major project, or useful as a refresher for veteran Managers. Training Program: DAY ONE: PRE-TEST Introduction Principles of Good Contracting Overview of Tendering & Contract Award Process Key Steps of the Contract Process Essential Elements of a Valid Contract Types of Obligation Documents When to Obtain Legal Advice Organizing Strategies for Contract Management Defining Contract Management Responsibilities Planning for Contract Life Cycles PM056 Rev.001 CMCT COURSE OUTLINE Page 2 of 5

3 Work Plan Best Practices Tools to Improve Personal Organization Communications DAY TWO: Improving Project Management for Contracts Essential elements of project management Contract Startup Techniques and Tools Incorporating Risk Management Warranty and Claims Management Cost Tracking and Management Project Closeout Eliminating Sources of Contract Disputes Law of Agency Errors and omissions Conflict Resolution Dealing with Unknowns Tracking Changes Anticipating Conflicts Managing Expectations DAY THREE: Effective Handling of Contract Performance Issues Design and Specification Work Ordering Process Contract Administration Reporting Mechanisms Cost Control Quality Assurance and Control Recovery Clauses Termination Understanding and Developing Contract Terms and Conditions Finding Contract Templates Equipment Purchase Agreement Software Development and Purchase Agreement Chemical Purchase Agreement Equipment Maintenance Agreement Ocean Transport Services Agreement DAY FOUR: Case Studies Contractual Background Review by Instructor Group Analyzes and Discussions PM056 Rev.001 CMCT COURSE OUTLINE Page 3 of 5

4 Conclusions and Lessons Learned Contracts in the Twenty-First Century Online Contracts Strategic Alliance Agreements Consolidated Sourcing Contracts The New Engineering Contract (NEC) Supporting E-commerce DAY FIVE: Contract Management Review and Summary Course Highlights and Final Observations Five Steps to Improved Performance Other Sources of Information Course Conclusion POST-TEST and EVALUATION Training Requirement: Hand s on practical sessions, equipment and software will be applied during the course if required and as per the client s request. Training Methodology: This interactive training course includes the following training methodologies as a percentage of the total tuition hours:- 30% Lectures, Concepts, Role Play 30% Workshops & Work Presentations, Techniques 20% Based on Case Studies & Practical Exercises 20% Videos, Software & General Discussions Pre and Post Test Training Certificate(s): Internationally recognized certificate(s) will be issued to each participant who completed the course. Training Fees: As per the course location - This rate includes participant s manual, hand-outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day. PM056 Rev.001 CMCT COURSE OUTLINE Page 4 of 5

5 Training Timings: Daily Timings: 07:45-08:00 Morning Coffee / Tea 08:00-10:00 First Session 10:00-10:20 Recess (Coffee/Tea/Snacks) 10:20-12:20 Second Session 12:20-13:30 Recess (Prayer Break & Lunch) 13:30-15:00 Last Session For training registrations or in-house enquiries, please contact: Aisha Relativo: aisha@cmc-me.com Tel.: or Mob.: Training & Career Development Department PM056 Rev.001 CMCT COURSE OUTLINE Page 5 of 5