Objectives and Intended Outcomes
Upon successful completion of this course, participants will be able to:
- Identify the parts of a contract.
- Clarify ambiguous contract language.
- Determine appropriate specification type for a project.
- Identify the roles and responsibilities of contract administration team members.
- Identify appropriate contract vehicles and deliverables.
- Prepare implementation and payment milestones plans.
- Determine inclusion of appropriate contract clauses for inspections, reporting, and remedies.
- Identify the entity’s rights to rejections, damages and contract termination.
- Identify contract risks.
- Choose the appropriate contract clauses for a given situation.
- Prepare a contract administration plan.
- Establish a performance assessment plan.
Procurement entities form contracts for products or services, in order to ensure that purchases achieve the desired results. Contract formation is a series of pre-award procurement steps that result in a legally-binding contract between an entity and a supplier.
Contract formation is the most important phase of contract administration, as it ultimately determines the success of a contract. Procurement officials need to understand how to prevent risks and retain the ability to mitigate issues after the contract is executed.
This course covers all contract administration activities that occur prior to the award of the contract.