Contract Administration

Overview

The "Contract Administration" course is designed to provide professionals with the necessary knowledge and skills to oversee and administer contracts efficiently and effectively. Geared towards contract administrators, project managers, procurement professionals, and legal professionals, this course offers a comprehensive understanding of contract administration principles and best practices.

Contract management is the process of managing contract creation, execution, and analysis to maximize operational and financial performance at an organization, all while reducing financial risk. Organizations encounter an ever-increasing amount of pressure to reduce costs and improve company performance. Contract management proves to be a very time-consuming element of business, which facilitates the need for an effective and automated contract management system.

Objective

• Efficiently manage contract administration
• Enhance skills in how to interpret contracts
• Recognizing all the clauses to protect you under the contract
• Monitoring all contracts and sub contracts
• How to Modify the contract and clauses to terminate and closeout
• How to do Performance Monitor and correct problems
• Recording plan for contract administration