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)
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)