Contracts  should be managed to optimize the benefits and lessen the risks for your business to reap the advantages of a contracting operation. Lack of notice to information during the tendering, bad evaluation techniques as well as improperly administered contracts may be too expensive for the company. This course on project administration, negotiation skills, and contract management helps trainees develop these abilities and also offer techniques to handle contracts.

Program Objectives:

• Administer contract management systems

• Document management, contract registers, price control

• Learn roles and accountabilities of the administration team

• Management & tactics to solve contractual issues / problems

• Negotiation methods for solving

• Requirements and info in contracts

• Understanding contracts

• Understanding preparation, and scheduling monitoring

• Understanding responsibilities & rights under the contract

• Understanding specifications for contract administration procedures

• Understanding the idea of key opportunity and risk areas

Who can attend training on contract management?

Administration of contracts, superintendents, supervisors, site managers, project managers, organization administrators

Course Outline:

1. Introduction to Project Administration
• Understanding Project Lifecycles
• Role of Project Managers
• Project Initiation and Planning
2. Project Execution and Monitoring
• Effective Resource Allocation
• Risk Management
• Performance Monitoring and Reporting
3. Project Closure and Evaluation
• Closing Out Projects
• Post-Project Evaluation
• Lessons Learned and Continuous Improvement
4. Fundamentals of Negotiation
• Types of Negotiations
• Negotiation Styles
• Communication in Negotiation
5. Negotiation Strategies and Tactics
• Distributive vs. Integrative Strategies
• BATNA and ZOPA
• Handling Difficult Negotiations
6. Building Relationships in Negotiation
• Trust and Rapport Building
• Cross-Cultural Negotiation
• Ethical Considerations in Negotiation
7. Introduction to Contract Management
• Types of Contracts
• Elements of a Contract
• Contractual Obligations and Responsibilities
8. Contract Drafting and Review
• Drafting Effective Contracts
• Key Clauses and Terms
• Reviewing Contracts for Legal Compliance
9. Contract Execution and Administration
• Contract Negotiation and Signing
• Managing Contract Changes
• Dispute Resolution in Contracts
10. Contract Performance and Closure
• Monitoring Contractual Obligations
• Contractual Reporting
• Contract Closure and Lessons Learned