Contract Formation And Administration

Course details

This course provides a framework for examining contract administration by focusing on essential elements of the discipline. It also provides the participant with a focused look at key considerations related to important contract terms and conditions that must be enforced during contract administration. The intent is for the participant to develop a strong understanding of the complexities of contract administration and recognize the importance of planning, monitoring, and proactive insight into and oversight of contract performance.

Course Objectives:

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

• Comprehensively understand the contract administration process
• Recognize the various models of contract administration
• Determine the appropriate contract administration method for a situation
• Prepare a relevant plan and be a confident participant in the process
• Evaluate the success of a contract using various evaluation procedures

Course Outline:

The Parameters and Value of Contract Management

• History
• Contract Formation
• Contract Administration

Considerations

• Mechanisms for Developing Bids
• Types of Contracts
• Identifying Contract Risks and Goals

Planning for Performance

• Administration Plan
• Assessment Plan
• Surveillance Techniques

The Contract Administration Team: Roles and Responsibilities

• Limits
• Ethics
• Personnel

Initial Contract Administration Activities

• Critical Monitoring Areas
• Contract Files

Instruction and Acceptance

• Obligation of Both Parties
• Verify Compliance
• Receiving and Inspection
• Post Acceptance Rights

Contract Modifications

• Types of Modifications
• Constructive Changes
• Request for Equitable Adjustment (REA)
• Pricing and Negotiation of Modifications

Data Deliverables

• Technical Data
• Definitions and Parameters
• Progress Reports
• Cost Data Reports

Delays in Contract Performance

• Excusable Delays
• Non-excusable Delays
• Compensable Delays

Disputes and Appeals

• Alternate Dispute Resolution
• Guiding Principles

Contract Payments

Contract Termination

• Notification Requirements
• Appeals and Waivers
• Consequences
• Alternatives

Contract Closeout Activities