MPM665 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 (including RFPs, RFQs, IFBs, etc.), types of contracts, their respective purposes and their impact on risk, and project contract negotiation. Changes in contracts and methods to resolve disputes are included. Contract types including fixed price, cost plus, fixed fee, time and materials, etc. and writing clear Statements of Work are discussed. Examines ways of identifying, evaluating and mitigating risk in contracting and procurement.
Notes
This course is no longer offered.