Contract Management Basics
Managing a contract after award: choosing and recognising contract types, reading the clauses that decide who carries which risk, running a kickoff and obligations register, controlling variations, avoiding claims through records and notices, and closing out cleanly. For engineers, supervisors, buyers and contract holders.
55m
Total time
4
Competency levels
12
Lessons
What you'll learn
- Compare lump sum, unit rate, cost-plus and framework contracts and explain how each allocates risk
- Recognise the effect of the core commercial clauses: scope, variations, liquidated damages, termination and liability caps
- Run a contract kickoff and build an obligations register that assigns every duty to a named owner
- Process a change through the contract's variation mechanism instead of a verbal instruction
- Use records, notices and early warning to prevent disputes rather than argue them afterwards
- Manage contractor performance and close a contract out through final account, warranties and lessons learned
Curriculum
Progress through each competency level in order.
1
Awareness
- 3mContract Types and How They Allocate RiskKnowledge
- 3mThe Clauses That Decide EverythingKnowledge
- 7mAwareness Check: Contract Types and Core ClausesAssessment
2
Knowledge
- 3mContract Kickoff and the Obligations RegisterKnowledge
- 3mManaging Variations Through the Change MechanismKnowledge
- 8mKnowledge Check: Kickoff, Obligations and VariationsAssessment
3
Skill
- 3mClaims Avoidance: Records, Notices and Early WarningKnowledge
- 3mAssignment: Build an Obligations Register and Change LogAssignment
- 8mSkill Check: Controlling a Live ContractAssessment
4
Mastery
- 3mPerformance, Remedies and Contract CloseoutKnowledge
- 3mAssignment: Lead a Performance Review and Contract CloseoutAssignment
- 8mMastery Assessment: Contract Judgement and CloseoutAssessment
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