Contract Management

This subject examines the principles and procedures for effective contract management from both clients’ and contractors’ perspectives. Practices and techniques of planning and managing a contract through to a successful conclusion are presented. Topics include: development of legal framework for project delivery (contract formation – principles and philosophies of contract drafting); contract negotiation techniques and execution; contract performance, monitoring and enforcement; managing project close-out; relationship management during the construction phase; project procurement and allocation of risks; payment systems; contractual responsibilities and liabilities imposed by general conditions of contracts; construction delay claims management; conflict and dispute management. The subject also examines alliancing and partnering contracts, performance-based contracts as well as contract management in the context of BIM-based projects. Contract management software applications are used where applicable.