The Importance of Project Commercial Management & Contract Administration

To capture and communicate best practices and key lessons learned takeaways for contract risk and financial risk management, for industry stakeholders including Builders, Owners, Consultants, Lenders, Facility Managers, and Supply Chain Procurement representatives from contract pre-award,   throughout the execution and close out of the project work. 

To develop a commercial culture to effectively manage contract administration monetary risk consistent with the contract requirements including Prompt Payment and Adjudication provisions.

To raise awareness among experienced Project Management and Site Supervision staff about the risks of construction claims to cost, quality, and schedule, and to demonstrate contract administration techniques that help avoid claims or mitigate the risks in successfully pursuing those claims. 

At the end of the course, the Project Manager & Executive Team will have a better understanding of how claims arise and how to manage, mitigate and/or avoid them with proper Contract Administration and Execution. In the event of a claim, the Project Manager and organization will also be in a better position to support or defend its position. 

Click here to view a document that explains Commercial Culture 

This 6-hour course will educate the participants on:

• Contract requirements that affect how work must be tendered, executed, and documented.
• Common errors and omissions in Project Management and Contract Administration.
• Industry best practices are designed to eliminate or mitigate risks associated with those errors and omissions.
• Common causes of contract claims. 

Course Modules

1. Tender Phase (Tendering & Bidding)

2. Contract Administration I - Pre-Award Phase (Job Set Up, Subcontracts)
3. Contract Administration II - (Post Award and Execution)
4. Scheduling and Progress Measurement
5. Change Orders and Claim Management 

For a more in-depth course outline that shows the breakdown of each module, click here: Course Outline - Project Commercial Management & Contract Administration .docx

Course hours can be used towards the Gold Seal Certification application for credits, subject to approval upon review. Note: every 6 hours of learning equals 1 Gold Seal credit. 

Delivery Method: Virtual Session – Zoom Platform 

Course Fee Includes:  Access to the course, course materials, and a digital certificate upon completion.

This course is delivered in partnership with local and provincial construction associations across Canada. You will be participating with a group of industry peers from multiple regions.

Sharing a single registration between two or more individuals is not permitted. Please register each person that will be in attendance.

There are no prerequisites for this course.

This course would be of interest to Industry Stakeholders including Builders, Owners, Consultants, Lenders, Facility Managers and Supply Chain Procurement representatives. 

1. Computer or laptop

• • This course will involve on-screen interaction with your instructor and classmates, reading/viewing on-screen content (slides or videos), and interacting via typing with questions or responses. For this reason, cellphones may not be adequate. 

  • Windows 10 or Mac iOS. 

2. Webcam (Mandatory)– in order to engage and collaborate, participants will be expected to have their webcams on for the duration of the class

3. Microphone (Mandatory)

4. Internet connection- For best results, you will want to ensure you have an internet connection with an upload/download speed of 3-5 Mbps. You can test your internet speed here. The minimum recommended speed is 1.5 Mbps, but anything below 3 Mbps may result in loss of quality or buffering. Ideally hardwired connection versus wireless for stability - connect your computer directly to your router using an ethernet cable, rather than using your home wi-fi.

5. A quiet space with minimal distractions –The microphone will be engaged for interactive sessions. Please plan to be fully engaged in the class and clear your work schedule just as you would for the in-class program.

6. Comfortable chair