Why Attend
The overall aim of this course is to provide participants with the knowledge, concepts and skills needed to perform activities related to the contracting process. The course covers important contractual concepts and different types of contracts.
Participants in this interactive course will learn essential tools and techniques used in analyzing submitted bids including preliminary examination, technical evaluation and commercial evaluation.
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:
- Outline the basic elements and phases of contracting
- Describe important legal concepts in contracting that can have a detrimental impact on the contractual relationship between the parties
- Describe different types of contracts as well as other different types of relationships between parties
- List the main steps needed to prepare a contract with a full understanding of all the documents needed to prepare a request for proposal
- Describe all the activities needed to administer the contract post-award including handling variations and claims
Target Audience
All non-contract/legal specialists who are involved in any step of the contracting process including technical and non-technical professionals who would like to learn about the elements, concepts, types and the process of contracting. Meirc is assigned as a Registered Educational Provider (REP) with the Project Management Institute (PMI®). This program is worth 30 PDUs.
Target Competencies
- Contract management
- Scoping work
- Applying contractual obligations
- Applying types of contracts
- Recognizing terms and conditions
- Contract preparation
Course Outline
- Overview of contracts
- Elements of a “contract”
- Contract management
- Important concepts in contract management
- Scope of work
- Terms and conditions
- Phases of contracting
- Important concepts in contract management
- Representations and warranties
- Covenants
- Rights and conditions
- Governing law
- Confidentiality
- Privity of contract
- Subcontracting
- Liabilities/Indemnities
- Force majeure
- Payment terms
- Breach of contract
- Termination
- Liquidated damages
- Indemnities
- Types of contractual agreements
- Types of contracts
- Fixed price (lump sum) contracts
- Cost reimbursable (cost plus) contracts
- Time and material contracts
- Bill of quantities
- Letter of intent
- Memo of understanding
- Special forms of contracting
- International contracting
- Incoterms
- Types of contracts
- Basic concepts in contract preparation
- Set-up contracting strategy
- Determining sourcing strategy
- Prepare RFPs
- Evaluating proposals
- Awarding contract
- Administration, variations and claims
- Implementation of the contract
- Assessing performance
- Managing variations
- Change management
- Claims and disputes
