Critical Thinking in Contract Management
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CRITICAL THINKING IN CONTRACT MANAGEMENT
Duration: 2 Days
Time: 9:00am to 5:00pm
Lunch Break: 1:00pm to 2:00pm
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
Upon completion of this program, the participants will be able to:
KEY CONTENT
Day 1
Module 1: Introduction
Day 2
Module 5: Key Aspects of Contract Analysis
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.
Duration: 2 Days
Time: 9:00am to 5:00pm
Lunch Break: 1:00pm to 2:00pm
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
Upon completion of this program, the participants will be able to:
- 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
Day 1
Module 1: Introduction
- Basic Principles of Contract
- Definition of a Contract
- How critical thinking applies to construction industry?
- Legal analysis of the bidding process
- Contract management life cycle
- Understanding the Role of a Contract Manager
- Contract Analysis – Precedence
- Contract Analysis – Independent Contractor
Day 2
Module 5: Key Aspects of Contract Analysis
- Contract Analysis – Scope
- Contract Analysis – Communication
- Contract Analysis – Time
- Contract Analysis – Changes
- Contract Analysis – Liquidated Damages
- Contract Analysis – Insurance
- Contract Analysis – Risk of Loss & Transfer of Title
- Contract Analysis – Dispute Resolution
- Contract Analysis – Suspension & Termination
- 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.
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