Commercial Awareness and Contract Administration Training

This training will provide a detailed review of commercial awareness throughout the project lifecycle. You will develop a thorough understanding of the contracting process to successfully implement and administer contracts, as well as a deeper understanding and appreciation of risk and opportunity.

This course reviews commercial awareness via the JCT/NEC contracts but the good practice learnt can be applied to all other standard forms of contract. 

This course will allow you to:

• Recognise common pitfalls that could undermine contract performance and understand how these can be avoided
• Identify common contract amendments that could lead to issues on projects
• Ensure you are in the best position at project outset to avoid risk, maximise opportunities and recover your entitlements
• Recognise the importance of record keeping and issuing notices
• Understand how the 2009 Construction Act affects payment under the contract

Course outline

This training covers commercial awareness at all stages of the project lifecycle, including:

Tender Stage

• Procurement and payment methods
• Contract types and conditions
• Your obligations
• Managing risk
• Common contract amendments
• Hierarchy of documents
• Damages
• Battle of the forms
• Letters of intent
• Errors, discrepancies and divergences

Contract Stage

• Award stage
• Provisional sums
• Change management
• Instructions
• The Construction Act 2009
• Programmes and progress
• Final adjustment and payment
• Design responsibility
• Change management
• Loss and expense and extension of time procedures