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    Commercial Awareness and Contract Administration

    Commercial Awareness and Contract Administration Training

    Don’t play the ‘game’ without understanding the rules. Commercial awareness is fundamental to effective contract management and project success.

    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. 

    Course details

    Half day (4/5 hours)

    • Classroom-based learning which can be delivered in-house or at one of SOCOTEC’s training facilities
    • Online

    This course is ideal for construction professionals such as:

    • Estimators
    • Project managers
    • Quantity surveyors
    • Supervisors 

    From £1,650.00

    • This course can be tailored to your requirements, please enquire for further details

    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

    Enquire about this training here Contact us

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