Critical Thinking In Contract Management

Introduction

Contracts form the foundation upon which all construction projects are executed. They provide the basis of agreement between the contracting parties, set the terms and conditions of the agreement, define the scope and the deliverables agreed between the parties. Problems often arise in construction companies which execute project on a “rule of thumb” basis, implementing projects because “this is the way that it has always been done”. Opportunities may be missed and risks may be overlooked if organizations continue to take such an approach. Organizations need to be aware that if they don’t manage contracts well, they will lose money. This training programme will enable organizations to conduct a thorough audit on their contracts for opportunities and risks. It is both interactive and practical, supplemented with useful exercises, activities, real-life case studies, working examples, experience sharing, group discussions and hands-on application.

Learning Outcomes / Benefits

• Understand the fundamentals of contracts
• Integrate contract management within project management
• Comprehend contract management and its life cycle
• Clarify the responsibilities of a contract manager
• Understand different types of contracts
• Examine key contract clauses

Key Content

Module 1: Introduction

• Basic Principles of Contract
• Definition of a Contract

Module 2: What Is Critical Thinking?

• How critical thinking applies to construction industry?
• Legal analysis of the bidding process
• Contract management life cycle

Module 3: Roles And Responsibilities In Contract Management

• Understanding the Role of a Contract Manager

Module 4: Contract Analysis Essentials

• Contract Analysis – Precedence
• Contract Analysis – Independent Contractor

Module 5: Key Aspects Of Contract Analysis

• Contract Analysis – Scope
• Contract Analysis – Communication
• Contract Analysis – Time

Module 6: Managing Contract Changes And Risks

• Contract Analysis – Changes
• Contract Analysis – Liquidated Damages
• Contract Analysis – Insurance
• Contract Analysis – Risk of Loss & Transfer of Title

Module 7: Resolving Contract Issues

• Contract Analysis – Dispute Resolution
• Contract Analysis – Suspension & Termination

Module 8: Warranty & Closeout

• Analysis of Assessment
• Closing Remarks

Target Audience

Project Directors, Project Managers, Bid Managers, Business Acquisition Managers, Construction Managers & Planners, HSE Managers, Sponsors, Directors, Engineers, Architects, Quantity Surveyors, Contract Managers, Contract Administrators, Cost Controllers, Project Controllers, Compliance & Risk Managers, Quality Managers, Legal Professionals, Finance Professionals, Government and Non-government officers, Developers, Contractors, Senior Managers, General Managers, CEOs, MDs and anyone who is involved in construction projects who wants to enhance their understanding on critical thinking in contract management in the construction industry.

Methodology

Participants will engage in brain-friendly interactive lectures designed to enhance understanding and retention of the material. The training will include experience sharing, role plays, practical exercises, and group discussions to foster a collaborative learning environment. The focus will be on unique critical thinking and thought-provoking sessions, where participants will analyze case studies that provide real-life examples of contract management scenarios. This hands-on approach ensures that participants from various departments gain a thorough understanding of their respective roles and responsibilities, contributing to the overall success of their projects.