Course includes writing, negotiating and adhering to contracts, as well as legal
and ethical considerations. Procurement, including writing, clarifying and communicating
specifications is covered, with an emphasis on contract administration and dealing with
subcontractors. Topics include the bidding and proposal process, types of bids (including
RFPs, RFQs, IFBs, etc.) types of contracts (Cost Plus, Firm Fixed Price, Fixed Price
Incentive, Time and material, etc), their respective purposes, and their potential impact
on project risk, project contract negotiation and project profitability. Also included are
subsequent changes in contracts and methods to resolve disputes are included.