Project Contract Management Master Class

Explore how a contract defines scope of work with cost, time, and quality commitments, and how plans such as cost, master, resource, risk, quality, and safety guide reporting and execution.

Discover how to estimate projects with a clear scope and work breakdown structure, build cost plans, and calculate total price using resources, performance rates, and unit costs.

Explore tender concepts through a treated water plant project, using a five-section work breakdown structure to estimate quantities, plan costs, and prepare unit prices for plain and reinforced concrete.

Calculate unit prices by applying overhead and profit to direct cost to reach total price 1.48 times the direct cost, then divide by block quantity; or use a lump-sum price.

Analyze the master plan by comparing targeted and actual unit prices, durations, and critical path for excavation, displacement, and oil works, and note how claims relate to final agreements.

Learn how price adjustment contracts manage escalation in steel and cement costs, using cost-plus calculations for concrete and RC reinforcement, with scenarios for escalation and de-escalation.

Assess unit price contracts by comparing actual costs to planned costs and measuring actual performance against plant costs; apply a 10% contract price escalation when escalation reaches 7.9% to 10%.

Explore a case study on project estimation and planning, detailing a five-step outline with scope, work breakdown structure, duration, and information collection to support network analysis and EVM.

Master the estimation process by calculating excavation costs, assigning crews to six sides, and deriving total cost, overhead, profit, and average unit price.

Examine a case study on project estimation and planning, detailing scope, work breakdown structure, tender study, duration, information collection, cost and price estimation, and network analysis.

Explain estimation by building a six-sided cost model, assigning crews, and calculating daily performance, total cost, overhead, and profit to derive the total price and average unit price.

Learn how to plan a project schedule by building a network logic diagram, identifying predecessors, and calculating early start and finish, late start and finish, total float, and critical path.

Learn how to construct a gantt chart, identify critical and non-critical activities, map start and end times, and explore resource allocation using Excel or project planning software.

Optimize the resource profile by planning manpower across days and crews, handle maximum crew limits, and compute overtime costs, unit costs, and profitability in contract management.

Calculate resource profiles by balancing manpower and days to meet a target man-day total, adjust allocations, and account for overtime costs and unit price to determine profit.

Plan the project budget by setting the duration, calculating the daily cost rate from total cost, and allocating costs over days and activities, then track cumulative cost with an s-curve.

Calculate the price plan by aggregating bulk quantities and location-based prices to derive total and daily rates, then chart cumulative value and end-value percentages for activities a and b.

Calculate total price, cost, and daily rate to determine profit and profit percentage; plan down payment 20%, final payment 20%, and interim payments on an s-curve for tender.