Global Learning for Operational Leaders
Introduction
Course overview
The end of a contract is often where significant value is won or lost. Unresolved variations, outstanding claims, retention releases, defects, missing documentation and final payments can remain open for months or years, tying up cash and management time and sometimes ending in disputes long after the work has finished.
This Contract Close-Out and Final Account Settlement training course provides a structured approach to closing contracts efficiently and fairly. Participants learn how to plan close-out from the start of the contract, manage completion and acceptance, resolve outstanding variations and claims, prepare and agree final accounts, release securities, manage defects and warranties, and capture lessons learned.
The course is relevant to construction, engineering, services and supply contracts, and to both buyers and suppliers.