Course Objectives
Certified Contract Manager - Virtual Learning
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 20 PDUs.
Target Competencies
Contract preparation
Contract administration
Preparing and evaluating bids
Planning contracting process
Resolving contractual disputes
Managing contractors
Course Outline
Principles of contractsDefining a contractElements of a contractImportant concepts in contract used in contract managementContract StagesProblems in preparing and managing contracts
Contract preparationStages of contract preparation and managementSet-up contracting strategyContracting methodsDeveloping the scope of workProblems with a badly written scope of workDeveloping Evaluation criteriaDecision analysis worksheetTerms and conditionsDetermining sourcing strategyPre-qualification criteriaPrepare request for proposal
Contract types and strategiesOne or several contractsFixed price contractsCost reimbursable contractsTime and material contractsPayment terms
Tendering and Bids EvaluationPrinciples of tenderingObjectives of tenderingTendering processBids EvaluationPreliminary examination of bidsTechnical evaluationCommercial evaluationTotal cost of ownershipValue for moneyMost Economically Advantageous Tender (MEAT)
Contract administrationPurpose of contract administrationDocuments needed to administer a contractContract administration toolsRole of contract administratorsSubstantial completionLessons learnedFinal settlement
Claims and variation ordersBreach of contractMoney damagesEquitable remediesChanges and modificationsAlternative dispute resolutions (negotiation, mediation, arbitration)