Certified Contract Manager

Course Objectives

Certified Contract Manager

Course Methodology
This course relies on the use of individual and group exercises aimed at helping participants learn all key contract management activities. The course also features the use of a number of case studies, presentations and role plays by participants followed by plenary discussions. In addition, this course incorporates pre and post testing.

Course Objectives
By the end of the course, participants will be able to:
Identify principles, definitions and major steps involved in the contracting process
Outline all contract preparation activities including planning, developing scope of work and identifying sourcing options
Recognize different types of contracts and the effect of each type on the risk allocation strategy
Develop criteria to invite, receive and evaluate bids
Apply contract administration tools and techniques to effectively manage the contract and avoid disputes during implementation
Resolve disputes collaboratively and amicably and outline alternative dispute resolution methods
Target Audience
All those involved in any aspect of preparing, implementing, managing or administering contracts and who are committed to prove their dedication to their professional growth. Successful candidates on this course will be awarded the Meirc Professional Certificate (MPC). Meirc is assigned as a Registered Educational Provider (REP) with the Project Management Institute (PMI®). This program is worth 30 PDUs.

Target Competencies
Contract preparation
Contract administration
Preparing and evaluating bids
Planning contracting process
Resolving contractual disputes
Managing contractors

Course Outline

  • Principles of contracts
    • Defining a contract
    • Elements of a contract
    • Important concepts in contract used in contract management
    • Contract Stages
    • Problems in preparing and managing contracts
  • Contract preparation
    • Stages of contract preparation and management
    • Set-up contracting strategy
    • Contracting methods
    • Developing the scope of work
    • Problems with a badly written scope of work
    • Developing Evaluation criteria
    • Decision analysis worksheet
    • Terms and conditions
    • Determining sourcing strategy
    • Pre-qualification criteria
    • Prepare request for proposal
  • Contract types and strategies
    • One or several contracts
    • Fixed price contracts
    • Cost reimbursable contracts
    • Time and material contracts
    • Payment terms
  • Tendering and Bids Evaluation
    • Principles of tendering
    • Objectives of tendering
    • Tendering process
    • Bids Evaluation
    • Preliminary examination of bids
    • Technical evaluation
    • Commercial evaluation
      • Total cost of ownership
      • Value for money
      • Most Economically Advantageous Tender (MEAT)
  • Contract administration
    • Purpose of contract administration
    • Documents needed to administer a contract
    • Contract administration tools
    • Role of contract administrators
    • Substantial completion
    • Lessons learned
    • Final settlement
  • Claims and variation orders
    • Breach of contract
    • Money damages
    • Equitable remedies
    • Changes and modifications
    • Alternative dispute resolutions (negotiation, mediation, arbitration)

Per participant


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