PM630 Contracting and Procurement in Project Management
This course includes writing, negotiating and adhering to contracts, as well as legal and ethical considerations. Procurement, including writing, clarifying and communicating specifications, is covered. There is an emphasis on contract administration and dealing with subcontractors. Topics include bidding; types of bids (e.g., RFQs, IFBs, and RFPs); types of contracts (e.g., fixed price, cost plus, fixed fee, and time and materials), their respective purposes and their impact on risk; and project contract negotiation. Changes in contracts, methods to resolve disputes, and writing clear Statements of Work (SOW) are discussed.
Corequisite
None
Distribution
Business