Administering Consultant Contracts

This course teaches skills to understand contracts and contract terms, common clauses and boilerplates, and proactive contract management.

This is a part of procurement management, however in this class the following topics will be taught:

• What is a contract

• Types of contracts

• Types of contracts risks

• Understand fee schedules and incentive calculation

• Understanding terminology used in contracts

• Common contract clauses

• Boilerplate contracts

• How to manage contracts proactively

Learning Objectives

• Understand the meaning of a contract

• Comprehend the type of contracts and terminologies

• Be able to differentiate between fees and incentives

• Understand the calculation of total compensation to the contractor

• Know the value of incentives

• Comprehend Project contract risks

• Understand the Boilerplate contracts

• Comprehend how to manage contracts proactively