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    Commercial Awareness and Contract Administration

    Commercial Awareness and Contract Administration Training

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    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