Contracts Managment
Contract Management Course During a period of a week and sponsored by Tagat fondation a contracts management course was held in the Holiday inn hotel by the contracts administration advisor Eng. Youssef Al-Olayan. Contract is the corner stone that all contracting parties consider as a reference in determining their rights, duties and responsibilities. All the content of this course is effective in the state of Kuwait and may not be apply in other countries. This course can be broken down to the following parts: Contracts types: contracts can either cost plus, time and material and most commonly unit price (fixed price) and lump-sum. Unit Price: a contractor is paid for the actual quantity of each line item performed as measured in the field during construction. Mostly used in structural projects. Lump-sum: is the traditional means of procuring construction, and still the most common form of construction contract . Under a lum...