The Importance Of Project Commercial Management & Contract Administration

To capture and communicate best practices and key lessons learned takeaways for contract risk and financial risk management, for industry stakeholders including Builders, Owners, Consultants, Lenders, Facility Managers and Supply Chain Procurement representatives from contract pre-award,  throughout the execution and close out of the project work.

To develop a commercial culture to effectively manage contract administration monetary risk consistent with the contract requirements including Prompt Payment and Adjudication provisions.

To raise awareness in experienced Project Management and Site Supervision staff about the risks of construction claims to cost, quality and schedule, and to demonstrate contract administration techniques that help avoid claims or mitigate the risks in successfully pursuing those claims.

At the end of the course, participants will have a better understanding of how claims arise and how to manage, mitigate and/or avoid them with proper Contract Administration and Execution.

In the event of a claim, the Project Manager and organization will also be in a better position to support or defend its position.The course will educate the participants on:

• Contract requirements that affect how work must be tendered, executed and documented;
• Common errors and omissions in Project Management and Contract Administration;
• Industry best practices designed to eliminate or mitigate risks associated with those errors and omissions. Common causes of contract claims;

Full Course Syllabus :

1)       Tender Phase (Tendering & Bidding)

2)     Contract Administration I - Pre-Award Phase ( Job Set Up, Subcontracts)

3)      Contract Administration II - (Post Award and Execution)

4)     Scheduling and Progress Measurement

5)     Change Orders and Claim Management 

Intended Audience

Project Manager & Executive Team

Related Info

Participants will participate in interactive discussions, Q & A sessions, and problem-solving based on lessons learned