Mastery of Contract Management in Engineering and Construction

Details

In this course, participants will delve into the core principles and techniques of contract management, focusing on the unique challenges within the engineering and construction sectors. Topics range from contract formation and administration to risk management and dispute resolution.

Target Group

This course is suitable for contract managers, project managers, procurement professionals, and any other professionals involved in contract management within the engineering and construction sectors.

Target Group: Professionals seeking to enhance their understanding and skills in managing contracts in engineering and construction industries.

Goals

• Understand the life cycle of contracts in the engineering and construction sectors
• Manage the contract formation process effectively
• Administer contracts, ensuring compliance with terms and conditions
• Identify, assess, and manage contractual risks
• Handle contract disputes and resolutions professionally

Target Competencies

• Contract formation and administration
• Contractual risk management
• Compliance with contract terms and conditions
• Contract dispute resolution
• Negotiation skills

Outlines

Contract Life Cycle:

• Understanding contract life cycle in construction and engineering
• Stages of contract life cycle: formation, execution, performance, and termination
• Role of contract managers at each stage

Contract Formation:

• Elements of a valid contract: offer, acceptance, consideration, and intention
• Types of contracts in engineering and construction
• The tendering process and contract award