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Students will learn how to structure and work with engineering contracts to deliver and procure engineering outcomes in this subject. Students will develop a working knowledge of contract administration and gain an understanding of commercial aspects of engineering. All engineers interface commercially with engineering contracts throughout their careers, and thus the application of the subject content is broad. Those seeking to work as a contractor and as a contract administrator will find a direct application of this subject’s content. Students will learn how to use procurement and contracts to develop successful engineering projects. This includes administration of the contracts and understanding the business environment where these contracts are agreed. These skills will be useful to students in their future work and apply to a wide range of engineering disciplines.
Management of engineering projects. This includes the role and responsibilities of corporate managers, market analysis, structuring of procurement options, development of contractual terms and conditions and the pricing of work.
Estimating and tendering engineering works via work breakdown structures, work method statements, risk identification and tendering principles. The study material also covers contract administration and project control functions and techniques including time and money negotiations and cash flow management.
Intended learning outcomes
On completion of this subject the student is expected to:
- Assess the commercial viability of engineering projects
- Evaluate procurement strategies for a particular project
- Choose appropriate contract documents for the delivery of engineering projects
- Identify and manage risks and opportunities inherent in engineering projects
- Apply the fundamentals of contract law
- Conduct first principles cost estimating and tendering processes from a contractor's perspective
- Evaluate engineering tenders
- Apply contracts in respect to extensions of time, variations and quality
- Choose appropriate dispute resolution mechanisms for engineering contracts
- Ability to communicate effectively with the engineering team and with the community at large
- Ability to manage information and documentation
- Understanding of professional and ethical responsibilities and commitment to them
- Ability to function effectively as an individual and in multidisciplinary and multicultural teams, as a team leader or manager, as well as an effective team member
- Capacity for lifelong learning and professional development.
- Understanding the relationships between engineers and their counterparties in engineering contracts.
Last updated: 31 January 2024