TRAINING THURSDAY: The Importance of Project Commercial Management & Contract Administration
Kerry and Jordan discuss ICBA’s latest featured course: The Importance of Project Commercial Management & Contract Administration.
The Importance of Project Commercial Management & Contract Administration
June 6-7, 2023 | 8-11AM Daily
Missed this one? Check out icba.ca/courses
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.