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Contractors and contracting

It is essential that the administration and management of contracts results in reducing risks, maximizing cost savings, minimizing claims and improving economic return. These results can only be achieved through effectively managing contract risks: developing tough but fair contract documents, engaging in aggressive negotiating practices and employing outstanding communication skills.

The process of reaching a contract requires a specific sequence of steps. In taking these steps, the project manager must make a series of choices between priorities for project objectives, degrees of risk to be assumed by the contracting parties, control over project activities and the cost of achieving selected goals.

This process must first be fully understood by the project manager, then be tempered by experience, and finally be expanded into the ability to reach a contract through the exercise of negotiating and communicating skills.

 

Sections

Contracts

This section looks at the nature of contracts and why we need them.

Overview of contracting

Understanding the nature of contractors and how to select them

Contract pricing

A review of several forms of pricing that can be incoporated into a contract

Project control

Some ideas for the type of clauses that should be included for the purposes of controlling the project schedule

 

References

J.T. Brown

The Handbook of Program Management

McGraw-Hill Companies 2008

T.J. Esque

No Surprises Project Management

ACT Publishing 1999

Project Management Institute

The Standard for Program Management

PMI 2008

Project Management Institute

A Guide to the Project Management Body of Knowledge

4th Edition, PMI 2008

 

Mastering Project Management Basics

Boston University, 2005

W.E. Deming

Out of the crisis

The MIT Press, 1986

M. Imai

The key to comptetative success

McGraw-Hill/Irwin 1986

A.H.Bell

Management communication

Wiley, 2010

M.Crouhy, R. Mark, D. Galai

Risk management

McGraw-Hill, 2001

M. Effron, M.Goldsmith

Human resources in the 21st century

John Wiley & Sons 200

J.Fitz-enz

The ROI of human capital: Measuring the economic value of employee performance.

Amacom 2000

 

Thanks to Ignacio Manzanera for providing this book

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Contractors and contracting

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