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 the 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 has been reviewed and approved by the PMI® Authorized Training Partner Program. This course is worth 30 Professional Development Units (PDUs).

Target Competencies

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

Principles of Contracts

• Defining a contract
• Elements of a contract
• Important concepts used in contract management
• Contract stages
• Problems in preparing and managing contracts

Contract Preparation

• Setting up a contracting strategy
• Developing a Scope of Work (SoW) 
• Terms and conditions
• Developing evaluation criteria
• Determining sourcing strategy
• Pre-qualification criteria
• Preparing requests for proposal

Contract Types and Strategies

• Fixed-price contracts
• Cost reimbursable contracts
• Time and material contracts
• Payment terms

Tendering and Bids Evaluation

• Objectives of tendering
• Tendering process
• Preliminary examination of bids
• Technical evaluation
• Commercial evaluation
• Most Economically Advantageous Tender (MEAT)

Contract Administration

• Purpose of contract administration
• Documents needed to administer a contract
• Role of contract administrators
• Contract administration tools
• Performance reporting

Claims and Variation Orders

• Breach of contract
• Money damages
• Equitable remedies
• Changes and modifications
• Alternative Dispute Resolutions (negotiation, mediation, arbitration)