Contract Management and Administration for Contract and Project Management Professionals: A Comprehensive Guide to Contracts, the Contracting Process, and to Managing and Administering Contracts

Contract Management and Administration for Contract and Project Management Professionals by Joseph J. Corey, Jr. 566 Pages ISBN-13: 978-1-5087-5108-3 ISBN-10: 1-5087-5108-0 LCCN: 2015903925Contract Management and Administration for Contract and Project Management Professionals is a comprehensive guide to and explanation of Contracts, the Contracting Process, and how to effectively and efficiently Plan, Prepare, Manage, Control, Administer, and Evaluate Contracts and Manage the Contracting Process and Contractors.This book introduces and discusses the author’s unique and breakthrough concept of the Ten Stages of the Contracting Process; provides a comprehensive understanding of the theories, principles, and strategies of Contract Management and Administration; and discusses the legal basics of Contracts and Contracting. This book explains the Ten Stages of the Contracting Process from planning and structuring the Request for Proposal (RFP) to Contract Close Out and includes examples of 1) practical applications and best practices; 2) check lists, forms, and formats used to plan, prepare, manage, administer, and evaluate RFPs, contracts, and contractor performance; 3) contract types and applications; and 4) terms and conditions and definitions used in Contracts. The book also discusses 1) the integration of Contract and Project Management, 2) claims and the claims management and analysis processes, and 3) examples of successful and not so successful Contract Management and Administration situations. The Ten Stages of the Contracting Process is a practical breakdown of the Contracting Process into ten interdependent Stages providing contract and project management personnel with an understanding of each Stage allowing project personnel to plan, manage, prepare, negotiate, control, administer, and evaluate Contracts more effectively and efficiently. The author presents a Chapter integrating the Ten Stages of the Contracting Process with the Six Phases of the Project Management Process providing Project and Contract Managers, project staff, and project executives and sponsors with an understanding of how the Contracting Process supports each Phase of the Project Management Process and how to enhance the success of each Contract and Project. The author includes a Chapter discussing special insights on the theory, planning, managing, and administering large Cost Reimbursable Contracts with a special emphasis on the theory, mechanics, and the potential pitfalls of Target Cost and other Incentivized Cost Reimbursable Contracts. The author also includes a Chapter discussing Contracts for Engineering Services describing a Seven Phase Process with examples of formats and documents on how to structure, plan, and manage Engineering Services Contracts to efficiently plan and manage the scope of work and reduce delays and additional costs during the Engineering Process and project implementation. The author also candidly discusses contract incentives.This book focuses on improving the contract management skills of project and contract managers, contract administrators, project engineers and controls managers, and other personnel involved in planning and executing projects requiring large, complex contracts for services, materials, and design and fabrication of specially engineered components. The concepts, principles, strategies, and formats covered in this book are applicable to developing and managing all types of major contracts and both private and public contracts. Knowing and applying the materials presented in this book will result in developing more effective Contracts, effectively and efficiently managing and controlling the Contracting Process, improving contractor management, and increasing the assurance of completing contracts on time and on budget through sound Contract Management and Administration.