Course Details

This course is appropriate for a wide range of professionals but not limited to:

• Senior Contract Administrators and Managers
• Project Managers and Project Directors
• Procurement and Sourcing Professionals
• Commercial Managers and Business Leaders
• Legal and Compliance Professionals involved in projects

• Expert-led sessions with dynamic visual aids
• Comprehensive course manual to support practical application and reinforcement
• Interactive discussions addressing participants’ real-world projects and challenges
• Insightful case studies and proven best practices to enhance learning

By the end of this course, participants should be able to:

• Strategically select the optimal contract type for complex projects and advanced procurement scenarios.
• Integrate the contract management lifecycle seamlessly with the project management lifecycle.
• Master techniques for proactive scope, time, and cost control under contractual constraints.
• Apply advanced negotiation and dispute resolution strategies to complex contract issues.
• Analyze and mitigate contractual risks related to performance, change orders, and delays.
• Effectively manage stakeholder expectations and communication across project and contract teams.

DAY 1

Integration Framework and Advanced Contract Types

• Welcome and introduction
• Pre-test
• The strategic alignment of contract management and project management (PMBOK® Integration)
• Advanced contract types: Target cost, Alliance, EPC/Turnkey, and incentivization models
• Risk allocation mechanisms in various contract types
• Stakeholder analysis and communication planning across the contract/project boundary

DAY 2

Advanced Procurement and Bidding Strategies

• Strategic procurement planning and defining the optimal contracting strategy
• Developing clear, performance-based Statements of Work (SOW) and specifications
• Managing the pre-qualification and competitive bidding process
• Advanced bid evaluation techniques (Tenders and Bid Evaluation)
• Contract award and notice to proceed protocols

DAY 3

Contract Administration and Control

• Establishing the contract administration system and project filing structure
• Master techniques for Change Order Management and variation claims
• Proactive management of schedule (delays, acceleration) and cost controls under contract
• Managing contractor performance, measurement, and payment certification
• Dealing with unforeseen conditions and force majeure clauses

DAY 4

Risk Mitigation and Dispute Resolution

• Identifying, quantifying, and allocating contractual and commercial risks
• Strategies for Contract Risk Management and compliance auditing
• Advanced techniques for issue identification and claims prevention
• Introduction to alternative dispute resolution (ADR) methods: Mediation, Adjudication, and Arbitration
• Workshop: Developing a claims mitigation strategy for a complex project

DAY 5

Performance Closure and Continuous Improvement

• Formal contract closeout procedures and final payments
• Project handover, warranty management, and defects liability periods
• Capturing lessons learned for future contracts and projects
• Review of best practices and integration challenges
• Post-test
• Certificate ceremony