Unit 1 : The Basis of Contracting :

• Principles of Good Contracting and the rationale behind their use.
• Key steps in contract creation and the essential elements of a valid contract.
• An overview of the tendering and contract award process, including its advantages and potential pitfalls.
• Differentiating between price and value and understanding various types of obligation documents.
• Considerations related to bonds, guarantees, letters of intent, awards, comfort, and side letters.
• Strategies for organizing and managing contract responsibilities, including basic planning, communication, and expectation management.

Unit 2 : Risks and Selecting The Right Contract Structure :

• Assess and allocate risk effectively, identifying potential risks and incorporating robust risk assessment practices into contract selection.
• Explore various contract types, including traditional options like lump sum and reimbursable, as well as newer models like EPC, BOT/BOOT, and Alliance/Partnering, understanding their implications on warranty management.
• Select appropriate contract types based on risk assessment and project requirements, ensuring effective risk management throughout the project lifecycle.

Major Contract Terms to Aid the Handling of Performance Issues :

• Effective handling of contract performance issues, including design and specification considerations, and the work ordering process with obligations to perform work.
• Understanding the transfer of ownership and risk of damage within contracts, alongside contract administration, reporting mechanisms, and cost control.
• Reviewing recovery clauses such as acceleration, insurance, and indemnities, as well as termination and suspension procedures within contract management.

Unit 3 : Managing Change Within a Contract :

• Understanding change, including changes to contract documents and variations in scope.
• Managing changes effectively, considering increases, decreases, timing adjustments, and alterations in working methods.
• Developing contract terms and conditions, including finding, modifying, and drafting standard form documents and special conditions.

Resolution of Disputes :

• Strategies for eliminating contract disputes, addressing errors, anticipating conflicts, and managing unknowns.
• Techniques for managing changes, expectations, and disputes through negotiation and alternative resolution methods.
• Overview of negotiation techniques, emphasizing compromise, and examination of dispute resolution methods such as litigation, arbitration, and mediation.

Unit 4 :Planning :

• Task characteristics and duration assessment methods, alongside planning and scheduling techniques.
• Differentiating between critical path and critical chain scheduling methods, and resource allocation strategies.
• Considering time-cost trade-offs, lead/lag scheduling, and the implementation of critical chain scheduling for effective project management.

Proactive Project Risk Management :

• Understanding the concept of risk, distinguishing it from uncertainty, and exploring attitudes towards risk.
• Methods for identifying, analyzing, and qualifying risks, including factors, sources, and approaches to risk analysis.
• Dealing with subjective elements of risk and developing risk strategies to effectively manage and mitigate potential impacts.

Unit 5 : Executing, Monitoring and Controlling :

• Lean construction strategies for efficient project delivery.
• Techniques for staff acquisition, team development, and motivation.
• Differentiating between leadership and management, exploring management styles, and conflict handling.
• Utilizing Earned Value to report project accomplishment effectively.
• Implementing risk strategies to mitigate project risks.
• Processes and considerations involved in project closing.