Contract and Contractor Management

Faced with increasing challenges to reduce costs and improve financial and operational performance, companies can benefit from effective contract management to get the best from every project. Business heads, project managers, contract managers, and other professionals involved in the development of contracts must have an understanding of what the binding document actually states and a willingness, by the contractual parties, to cooperate in achieving the desired goal.
 

This training course is designed to provide participants with the fundamental foundations and practices in managing contracts and contractors effectively – whether in the field of construction, the supply of equipment and materials, or in the delivery of services.

• Gain a comprehensive understanding of the role of contracts within a business.
• Learn how strategies can be developed to improve the commercial outcomes and the management of contracts.
• Understand contract components and the process of management from drafting, development, to implementation.
• Analyze contract obligations and risks.
• Administer contracts appropriately, and know when and how to terminate before or upon completion.
• Learn the basic elements of effective contractor management and its position within asset management
• Evaluate bids and proposals and choose the right contractor
• Identify modern tools and techniques for dispute resolution and international conflict negotiations, and apply rules of contract interpretation in project disputes.