Description:

This micro course on key elements for successful contract administration provides an in-depth understanding of essential principles and practices for effectively managing contracts. Participants will learn the key components of contract administration such as Scope, Time, Cost, Conditions of Contract, Project Lifecycle, and Bonds, and best practices for successful contract management.

Key Highlights:

• Importance of scope, time and cost in project management
• Project management knowledge area
• Elements of Contracts
• Different forms of Contracts
• FIDIC, NEC, PSSCOC, SIA and REDAS Conditions of Contracts
• Project Lifecycle
• Bonds

What you will learn:

• Scope
  Improtance of scope of the project and its interconnectivity with cost and time.
• Time
  Improtance of timelines of the project and its interconnectivity with scope and cost.
• Cost
  Improtance of cost of the project and its interconnectivity with scope and time.
• Conditions of Contract

Different Form of Contracts such as FIDIC, NEC, PSSCOC, SIA and REDAS

• Elements of Contract

Principles of Contract

• Project Lifecycle

The lifecycle provides a structured apprach for managing projects.

• Bonds

        Bonds provide financial security, ensuring contractors fulfill obligations and protecting stakeholders from potential issues