COURSE OVERVIEW

 

This practical and highly-interactive course includes real-life case studies and exercises where participants will be engaged in a series of interactive small groups and class workshops. 

 

This course is designed to provide participants with a detailed and up-to-date overview of Sub-Contractor and Contract Management. It covers the scope of contract management and the roles and responsibilities of contract managers; the role of sub-contractors and the differences between sub-contractors and vendors; the contract types and structures, key contract components and contract lifecycle management (CLM); the legal and ethical foundations, pre-contract planning and supplier and sub-contractor selection; the contract document and  essential clauses and provisions; drafting clear and concise terms and collaboration with legal teams; the scope of work (SOW) development, risk identification and allocation; and budgeting and cost estimation. 

 

During this interactive course, participants will learn the contract execution processes, performance management basics and sub-contractor performance evaluation; the change management in contracts, effective communication and relationship management; the governance structures and compliance monitoring, reporting, audits and inspections; the principles of contract risk management and identifying, analyzing and mitigating risks; assessing liabilities and responsibilities and managing breach of contract situations; the types of contract disputes and contract claims including force majeure, potential disruptive events and contractual clauses for uncertain scenarios; the insurance and risk transfer and contract close-out processes, post-contract evaluation and reporting; and the continuous improvement in contract management.