Fundamentals of Contract Management/Administration

Order Description
1. Standard Forms of Contract:
What is the purpose and value of having available standard forms of contracts? What are some examples you are familiar with where standard forms are used?
2. Contracts and Payment Structures:
What are some “penalties” that can be incorporated into a contract? What are the benefits of this to the contractor and what might be some reasons not to include penalties?
3. Partnering, Benchmark and Incentive Contracts:
Discuss how incentives can be incorporated into a partnership contract – use a construction partnership as an example. What are some incentives and how can/should they be specified in the contract?
4. Contracts Bidding:
Which one or two of the 10 BIG mistakes do you think are the most critical and why?