Supervision and follow-up of legal contracts

Course Objectives:

• Defining principles, definitions, and key steps in the process of conducting contracts
• Detailing contract preparation activities, including planning, developing scope of work, and sourcing contractors
• Identify different types of contracts and the impact of each type on the risk distribution strategy
• Develop standards for bid presentation, delivery and evaluation
• Apply contract management tools and techniques to effectively manage the contract and avoid conflicts during execution
• Resolve conflicts collaboratively and amicably and outline alternative dispute resolution methods

Contracts Principles

• Definition of contract
• Contract components
• Important concepts used in contract management
• Stages of contracts
• Problems preparing and managing contracts

Preparation of contracts

• Develop contracting strategies
• Develop scope of work
• - terms and conditions
• Setting evaluation criteria
• Determine the outsourcing strategy
• Pre-qualification criteria
• Preparing request for proposals

Contract types and strategies

• Fixed price contracts
• Cost recovery contracts
• Time and material contracts
• Payment terms

Evaluation of tenders and auctions

• Bidding objectives
• Bidding process procedures
• Preliminary review of tenders
• Technical evaluation
• Commercial evaluation
• Most economically advantageous bid (MEAT)

Contract Management

• The purpose of contract management
• Documents required for contract management
• Contract management tools
• Contract management role
• Final settlement

Claims and change orders

• Breach of contracts
• Financial damages
• Fair settlements
• Changes and modifications
• Alternative dispute resolution (negotiation, mediation and arbitration)