PRMG 080 - Project Bids and Contracts

Learning Outcomes

1. Remember and Understand

1.1. Describe the main characteristics and relationships involved in commercial contracting within construction projects.
1.2. Identify the primary obligations and roles of key participants in construction contract arrangements.
1.3. Explain the fundamental principles underlying various contracting relationships and structures.

2. Apply

2.1. Distinguish between the different types of contracts used in construction projects (e.g., FIDIC, lump sum, cost-plus).
2.2. Select the most appropriate contract type for a given construction scenario based on project requirements and risk profiles.
2.3. Apply industry best practices in the preparation and management of prequalification and bidding procedures.

3. Analyze

3.1. Analyze the risk allocation and sharing mechanisms within different contract types.
3.2. Compare and contrast the advantages and limitations of various contracting arrangements in real-world cases.
3.3. Evaluate the effectiveness of contract administration strategies, including dispute resolution and change management.

4. Create and Evaluate

4.1. Draft key components of construction contracts, ensuring compliance with FIDIC and industry standards.
4.2. Develop comprehensive contracting procedures, from prequalification to contract award and administration.
4.3. Formulate solutions to complex contract management challenges through collaborative problem-solving and case study analysis.
Continuing Education Unit: 4.5 CEUs
Prerequisites & Notes
N/a
Core or Elective
Core
Methods
Synchronous Online (O)
Who Should Attend
This course is designed for a broad range of professionals and stakeholders involved in the planning, management, administration, and legal aspects of construction projects, particularly those utilizing FIDIC or similar contract forms. The following groups will benefit most from attending:
• Project Managers and Site Managers:
Those responsible for overseeing construction projects and ensuring contractual obligations are met.
• Contract Managers, Contract Engineers, and Contract Administrators:
Professionals directly involved in drafting, negotiating, and managing construction contracts throughout the project lifecycle.
• Consulting Engineers and Design Professionals:
Engineers, architects, and technical consultants who need to understand contractual frameworks and risk allocation.
• Quantity Surveyors and Cost Engineers:
Individuals handling project costing, financial controls, and contract-related financial matters.
• Procurement and Tendering Personnel:
Those engaged in the processes of prequalification, bidding, and awarding contracts.
• Legal and Commercial Advisers:
In-house counsel, legal consultants, and commercial advisers involved in contract review, dispute resolution, and claims management.
• Government and Private Sector Employers:
Representatives from client organizations, funding agencies, and regulatory bodies overseeing construction contracts.
• Construction Professionals Seeking Career Advancement:
Early-career engineers, recent graduates, and those preparing for professional certification or chartered status who require a comprehensive introduction to construction contracting practices.
• Stakeholders Involved in Contract Selection or Negotiation:
Anyone participating in the selection, negotiation, or administration of contract forms, including those new to FIDIC or needing a refresher.
This course is suitable for both those new to construction contract management and experienced professionals seeking to update their knowledge with the latest industry practices, legal developments, and FIDIC contract provisions.

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