It is well-known that the best tendering and contract writing is of limited value if the contract is not carefully administered from award to completion. Therefore, world-class organizations view best practices in contract administration as essential skill sets needed by all employees involved in the contract management process. The participant will be guided through the many steps of contract administration from the time the award is made through to the final acceptance, payment, and the contract close-out so that the total objectives of entering into the contract are achieved. This program is designed to present contract administration as more than just a job or activity but as an important profession essential to the organization's ability to meet its goals.
Upon completion of this seminar, participants will know:
• Managers and Professionals in Purchasing, Procurement, and Supply Management
• Materials, Contracts, Projects, Maintenance, Operations, and Financial Managers and,
• All other Managers and Professionals interested in lowering total cost and increasing productivity and profit contributions from better supply management operations.
Participants will gain from a combination of instructional methods, including lectures by an experienced practitioner and consultant, exercises, group discussions covering current practices and their relationship to the implementation of concepts and techniques discussed.
The organization will benefit by:
Attendees will gain by participation in this program as a result of:
Segment 1: Effective Contract Administration
Segment 1 sets the stage for the program and emphasizes that with the ever-increasing quantity of outsourcing by organizations, Contract Administration is emerging as a critical competency for professionals and managers in most functional activities.
Segment 2: Analysis of the Contract
Segment 2 focuses on the issues of understanding what the contract covers and the challenges that will be faced in its proper administration.
Segment 3: Typical Outputs of Contract Administration
Segment 3 reviews the typical outputs of good contract administration and establishes additional responsibilities for those having contract management responsibilities.
Segment 4: Maintaining Schedules & Dealing with Changes
Segment 4 presents solutions to two major issues in contract administration: on-time delivery and controlling the impact of changes.
Segment 5: Issues In Contract Performance
Segment 5 explores the reality that contracts do not always end in the way that the parties contemplated in the beginning.
Segment 6: Acceptance and Close Out
Segment 6 will discuss many aspects of the final phases of the contract to ensure that the reasons for entering into the contract were accomplished.