039 – International Best Practices in Contract Management and Compliance

Date: July 19 – 30, 2021
Location: Houston, Texas USA
CEUs: 6.0

Registration Discount: $8,400 – You must Register 60 days in advance and payment must be Paid In Full 30 days prior to the start of class.

Course Overview

This course covers the issues and challenges involved in managing long-term service contracts while focusing on what effective contract management and administration accomplishes. Participants are provided the knowledge and skills needed to identify the key components of effective contract administration and increased understanding on the primary task and critical elements required for successful contract management and control. The traditional FIDIC Forms of Contract and FIDIC guides (currently used worldwide by the construction industry) are discussed as well as best practices common to world-class commercial contracts.

Our goal is to provide Contract Managers with strategic methods and techniques to plan, monitor, track, and improve contract performance throughout the contract life cycle by clarifying the contract manager’s roles and responsibilities, and focusing on skill-building that achieves exceptional service delivery, quality assurance and effective execution. We will do this by bringing forth various issues that impact planning, implementation and compliance and coach participants on the development of both strategic and tactical methods through utilization of case studies and experiential exercises designed to promote strategic thinking, decision-making and problem solving.

Target Audience

The seminar is intended for project managers, contract managers, government and regulatory managers, legal advisors, public sector managers and other professionals critical to implementation and management of contracts.

Course Outline

Concepts and Principles of Contract Management
• Components and requirements of Contract Management
• Main types, forms and terms of Contract Management
• Understanding FIDIC contracts
• The Contract Manager’s Role
• Contract Law and Compliance
• Critical Success Factors in Contract Management

The Contract Procurement Process
• Objectives of the Contracting Process
• Identifying Contract Risk and Mitigation Strategies
• Positioning for Success in Negotiations
• Contract pricing and payments
• Managing changes to the contract requirements
• Key agreement management functions

Creating the Contract Administration Plan
• The Contract Life Cycle
• Roles and responsibilities of the Contract Management Team
• Establishing operational goals
• Communications and teamwork
• Monitoring, Tracking, and Management Reporting
• Documentation Management
• Exit Strategies: What happens after the contract expires

Improving Contract Performance
• Anticipating Issues and Challenges
• Optimizing operations and resources
• Managing quality assurance and service delivery
• Tracking and evaluating performance
• Identifying performance issues
• Managing change and seeking performance improvements

Managing the Contract Relationship
• Relationship assessment and partnership management
• Guiding Principles of Dispute and Conflict Resolution
• Understanding and Processing Claims
• Dispute mechanisms under FIDIC
• Ethics in Contract Administration
• Managing mediation, arbitration and litigation

Tuition: $8,600