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Contract - Execution and Close-Out
This course gets to the heart of ensuring the contract delivers on the promise and any variations are tackled promptly and skilfully. It also takes you through the process of closing-out a contract in a manner that is prudent and compliant.
2 Days
Overview
In order to maximise the full benefits available from a contract, close monitoring and performance management are essential. This course works through the steps to ensure the agreed contract terms and conditions are delivered and any variations are identified early and, if necessary, renegotiated. You will also learn the process of closing-out a contract, including conducting thorough contract reviews.
Who will benefit
Project managers, site supervisors, mine managers, line managers, engineers, senior administrators and other professionals who engage contractors or who are contractors themselves.
This course is a professional development support program for those undertaking the Diploma of Contract Management.
Content
- Implementing and managing contract performance
- Managing purchasing agreements
- Identifying and negotiating contract variations
- Resolving disputes
- Managing the ongoing relationships with stakeholders
- Reviewing supplier performance
- Planning and implementing contract meetings
- Reporting contract performance
- Closure, renewal or transition of contracts
- Termination of contracts
- Contract review and continuous improvement.
Learning Outcomes
Participants should be able to:
- Plan the implementation and execution of a contract
- Oversee the contract and purchasing agreement terms and conditions
- Negotiate contract variations
- Monitor and report on contract performance
- Close-out the contract
- Conduct a thorough contract review.
This program is also delivered via a virtual classroom and is indicated by "Virtual" next to the date.
This course examines the early stages of setting up a contract. It helps prepare you for the phases of establishing, planning and procuring the necessary elements to increase the likelihood of the contract achieving its objectives.
Understanding the legal position and the most significant risks within a contract can help offset the exposure of an organisation to losses in people, time, money and reputation. This course reveals the most important aspects of the law as it relates to contracts, as well as providing tools for identifying and classifying risks.