Contract Management Basics

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.