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Contracts Administration From Award To Completion

ME194

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This intermediate-level course is designed for professionals managing contractual obligations across project lifecycles. It equips participants with critical tools to administer contracts efficiently, monitor compliance, manage changes, and ensure successful closeout. Ideal for those working in dynamic project environments, the course addresses practical challenges encountered in real-world contract management.

Manage contracts effectively from award to closeout
Monitor and ensure adherence to contractual obligations
Handle contract variations and amendments systematically
Apply risk management techniques to contractual scenarios
Finalize contracts and conduct post-contract evaluations

Contract Administrators
Contract Managers
Project Managers involved in contract management
Legal and Procurement Professionals

1. Overview of Contracts Administration

Role of the Contract Administrator
Key Stages of the Contract Lifecycle
Understanding Contract Terms and Conditions

2. Contract Award and Initiation

Contract Award Processes
Setting up Contractual Frameworks
Initiating Contract Execution

3. Monitoring Contract Performance

Performance Measurement and Monitoring
Managing Deliverables
Ensuring Compliance with Obligations

4. Managing Variations and Changes

Handling Contract Variations
Change Management Processes
Negotiating and Documenting Amendments

5. Risk Management in Contracts

Identifying Contract Risks
Risk Assessment Techniques
Risk Control and Management Approaches

6. Communication and Stakeholder Management

Effective Contractual Communication
Managing Stakeholder Expectations
Reporting and Documentation Practices

7. Contract Closeout and Completion

Contract Closeout Procedures
Finalizing Deliverables and Payments
Post-Contract Review and Lessons Learned

8. Emerging Trends and Best Practices

Innovations in Contract Administration
Global Contracting Practices
Preparing for Future Challenges in Contract Management

The course combines various teaching methods, including instructor-led presentations, group discussions, case study analyses, and assessments through quizzes and a final exam to engage participants and ensure they understand and retain the material.

Terms & Conditions

ACTrain reserves the right to alter the Course Schedule without Prior Notification, Fees Quoted are Subject to Terms & Conditions Outlined in ACTrain's Registration Policy