218.311 Construction Contract And Financial Administration
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218.311 Construction Contract and Financial Administration:
The program introduces the students to construction procurement methods, contractual arrangement methods, contractual risk assessment, and construction contract and subcontract administration, including the financial administration.
Upon successful completion of this course, students will be able to:
1. Illustrate the fundamental tenets of traditional and non-traditional procurement techniques.
2. Elucidate the various contractual agreement strategies such as contracts with quantities, schedule of rates contracts re-measurement contracts, pure lump-sum contracts, and cost-reimbursable contracts.
3. You are describing the numerous functions of the contract administrator in the construction contracts comprising that of the consumer's envoy and a sovereign professional.
4. Executing the contractual threat appraisal.
5. We are administering all the facets of construction agreements and subcontracts incorporating the financial virtues such as formulating the payment statements and the payment certificates.
6. Become capable of comparing, contrasting, and administering various types of construction, treaties and subcontracts.
7. Applying unification aptitudes and fact-finding skills.
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