Construction Contracts Management: Principles and Practices

Introduction:

Dissatisfying and leading to ineffective use of resources, time, and project profits, construction projects almost always proceed with contractual undertakings which often result in issues arising from both parties. The complexity of construction tasks and transactions contributes to these problems. Understanding and clearly defining construction contracts is crucial for all stakeholders involved.

This Construction Contracts Management: Principles and Practices course aims to examine the causes of these problems and suggest ways to avoid them. The course is designed to develop knowledge and comprehension of construction contract management, guiding participants through the appropriate steps to achieve satisfactory project results. It focuses on addressing factors detrimental to construction contract management.

The course will equip participants with the knowledge needed to manage and formulate construction contracts effectively to achieve project objectives. It will provide insights into managing construction contracts and becoming a proficient construction contract manager. This course forms a foundation for improving contract management processes and understanding construction contract procedures.

Objectives:

At the end of this Construction Contracts Management: Principles and Practices course, participants will be able to:

• Cultivate a deeper understanding of construction contracts.
• Improve negotiation and management of construction contracts.
• Support the contract management process with effective communication.
• Assess and reduce risks associated with construction contracts.
• Ensure legal requirements are met and regulations are followed.

Training Methodology:

• Expert-led & thematic lectures
• Group discussions
• Short cases
• Simulations & role-play
• Activities
• Interactive discussions

Course Outline:

Unit 1: Evidence in Construction Contracting

• Construction Contract: Concept and Types
• Main Elements and Terms
• Applicable Laws and Regulation

Unit 2: Construction Contract Management Training

• Contract Management Practice Focus on Influence
• Strategy and Tactics in Contracting
• Key Stakeholders and Success Factors

Unit 3: Theory and Practice of Contract Management System and Construction Project Risks

• Risk Identification and Analysis
• Risk Response Planning – Risk Mitigation
• Specification and Bonding in Construction

Unit 4: Law and Compliance

• Basics of Construction Laws
• Building Codes and Compliance
• Conflict Resolution

Unit 5: Contractual Obligations and Quality Control of Projects

• Performance Control and Evaluation
• Quality Management Systems in Construction
• Project Closure and Lessons Learned

Unit 6: From Construction Documentation to Construction Contracts

• Interpreting Technical Drawings
• Contract Documents’ Specifications
• Recording and Tracing Amendments

Unit 7: Construction Cost Estimation and Budgeting

• Principles of Cost Estimation for Constructions
• Management Techniques in Construction
• Addressing Budget Surplus or Shortfall

Unit 8: Construction Schedule Management

• Project Schedule Estimation and Evaluation
• Critical Path Method and Resource Management
• Scheduling Strategies and Policies

Unit 9: Protecting Interests in Construction Contracts

• Setting Quality Benchmarks
• Examination and Testing Procedures
• Quality Control and Assurance

Unit 10: Conflict Prevention and Resolution

• Understanding Conflict Genesis
• Conflict Prevention and Resolution Techniques
• Conventional Processes: Litigation, Arbitration, Adjudication
• Alternative Approaches: Mediation, Expert Arbitration, Board of Investigation