Operating Practices in Contract Administration

In Operating Practices in Contract Administration, you’ll address all aspects of effective contract administration — from initial award to final closeout. Special emphasis will be given to successful administration of contracts: problem avoidance, day-to-day operating practices, performance monitoring systems, early detection and correction of nonperformance, payment, contract modifications and working relationships. You’ll learn proven practices for getting contracts off to a solid start, keeping them on track and handling every problem that arises. To obtain maximum benefit from the course, you should have a basic knowledge of the procurement process.

Learning objectives

• Effectively conduct contract administration and manage change.
• Interpret contracts and recognize terms and conditions that protect or threaten you.
• Keep contracts and subcontracts on track every step of the way.
• Modify, terminate and closeout contracts.
• Apply hands-on systems for performance monitoring and swiftly spot and correct problems.
• Document a contract administration plan.

Skills

• Claims administration
• Contact administration planning
• Contract pricing
• Contract change control
• Contract interpretation
• Cost benefit analysis
• Cost monitoring
• Disputes
• Performance management
• Pricing and price adjustments
• Procurement management plans

PDUs

• Onsite instructor-led: 4 days - 28 / 3 days - 22.5
• Virtual instructor-led: 4 days - 28 / 3 days - 22.5