RedVector RV-10427

The Ultimate Project Manager, Chapter 03: The Contract Agreement

The Ultimate Project Manager, Chapter 03: The Contract Agreement

2 hrs. Online Course

Level: Intermediate

Item#: RV-10427

SME: Michael D'Alessandro

Average Rating

4 43
This third course in the The Ultimate Project Management series discusses important information regarding contract agreements, and illustrates what project managers need to know to successfully negotiate contracts. We will examine contract basics, including contract sections and appropriate terms, in addition to negotiating rules and ways to manage risk. The purpose of this course is to provide project managers with a solid understanding of contract agreements and tools necessary to negotiate profitable projects.
Course Objectives
At the conclusion of this course you will be able to:
  • Identify the basic features of contracts and typical contract alternatives.
  • Identify common contract sections and terms.
  • Describe contract provisions and terms to avoid or use with care.
  • Match traditional types of design contracts with their definitions.
  • Discuss the basics of contract negotiation and essential negotiating rules.
SUBJECT MATTER EXPERT: Michael D'Alessandro
Michael D'Alessandro Photo
Mr. D'Alessandro has been involved with the A/E Design and Construction Industry for more than 20 years. Prior to joining PSMJ Resources, Inc., he was with Parsons Infrastructure and Technology Group as a Principal Project Manager. His responsibilities included project management, proposal preparation, department management, and human resources management.

His extensive project management experience includes engineering, procurement, ranging in capital value from $1 million to $55 million. He has also been responsible for management of fast-track multi-discipline projects involving equity placement for both domestic and international facilities.

During his tenure as a Project/Client Manager, he successfully completed capital projects in 18 different countries. He has worked with some of the largest global companies by consistently demonstrating the ability to accomplish project budget and schedule objectives with a high degree of client satisfaction.

As a consultant, he has provided project management training since 1990 and has been involved in strategic planning for design/build initiatives and work process improvements for small project environments. He has also served as a Quality Council member, leading efforts to measure client satisfaction and improve design productivity.

Michael has a Bachelor of Science degree in Civil Engineering and a Masters Degree in Environmental Engineering. He is also certified by the Project Management Institute as a Project Management Professional (PMP) and is a member of the American Society of Civil Engineers. Michael is also a registered professional engineer in a number of states and is a Diplomate of the American Academy of Environmental Engineers.
State Licenses
AK - Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
AK - Engineer (Health, Safety & Welfare - ,)
AL - Engineer (General - ,)
AL - Landscape Architect (General - Approved LA CES-2022)
AR - Engineer (General - ,)
Canada - Northwest Territories and Nunavut Engineer (General - ,)
DC - Engineer (General - CE21800018)
DE - Engineer (Business Practice (maximum of 9 hours) - ,)
FL - Contractor, Certified (Business Practice - 0610731)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Palm Beach County (Business Practice - 0610731)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Pinellas County (Business Practice - 0610731)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Registered (Business Practice - 0610731)
Accreditation: FL DBPR Approved Provider 0001771
FL - Interior Designer (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
GA - Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
GA - Contractor, Residential and General (General)
GA - Engineer (General - ,)
GA - Landscape Architect (General - Approved LA CES-2022)
IA - Engineer (General - ,)
ID - Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
ID - Engineer (General - ,)
IL - Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
IL - Engineer, Professional (General - ,)
IL - Engineer, Structural (General - ,)
IN - Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
IN - Engineer (General - Board Approved - CE21800018)
IN - Landscape Architect (General - Approved LA CES-2022)
KS - Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
KS - Engineer (Health, Safety & Welfare - ,)
KS - Landscape Architect (General - Approved LA CES-2022)
KY - Engineer (General - ,)
LA - Engineer (General - ,)
LA - Landscape Architect (General - Approved LA CES-2022)
MD - Engineer (General - ,)
MD - Landscape Architect (Category B - Approved LA CES-2022)
ME - Engineer (General - ,)
MI - Engineer (General - ,)
MN - Engineer (General - ,)
MO - Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
MO - Engineer (General - ,)
MO - Landscape Architect (General - Approved LA CES-2022)
MS - Engineer (General - ,)
MT - Engineer (General - ,)
NC - Engineer (General - ,)
ND - Engineer (General, Health, Safety & Welfare)
NE - Landscape Architect (General - Approved LA CES-2022)
NH - Engineer (General - ,)
NJ - Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
NJ - Engineer (General - 24GP000006300)
NM - Engineer (General - ,)
NM - Landscape Architect (General - Approved LA CES-2022)
NV - Engineer (General - ,)
NY - Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
NY - Engineer (General - NYS Sponsor #133)
Accreditation: RedVector is the approved provider of this course offering. RedVector has changed its name and is now operating as Vector Solutions.
NY - Landscape Architect (General - Approved LA CES-2022)
OH - Engineer (General - ,)
OH - Landscape Architect (General - Approved LA CES-2022)
OK - Engineer (General - ,)
OR - Engineer (General - ,)
OR - Landscape Architect (General - Approved LA CES-2022)
PA - Code Official,Certified (UCC) (General)
PA - Landscape Architect (General - Approved LA CES-2022)
PR - Engineer (General - ,)
RI - Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
SC - Engineer (General - ,)
SD - Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
SD - Engineer (General - ,)
SD - Landscape Architect (General - Approved LA CES-2022)
TN - Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
TN - Engineer (Health, Safety & Welfare - ,)
TN - Landscape Architect (General - Approved LA CES-2022)
TX - Engineer (General - ,)
UT - Engineer (General - ,)
VA - Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
VA - Engineer (General - ,)
VA - Landscape Architect (General - Approved LA CES-2022)
VT - Engineer (General - ,)
WA - Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
WA - Landscape Architect (General - Approved LA CES-2022)
WI - Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
WI - Engineer (General - ,)
WV - Engineer (General - ,)
WV - Landscape Architect (General (max 6 hrs online) - Approved LA CES-2022)
WY - Engineer (General - ,)
Professional Organizations
American Academy of Environmental Engineers - AAEES - Member (General - ,)
American Hospital Association - AHA - Certified Healthcare Constructor (CHC) (General)
American Hospital Association - AHA - Certified Healthcare Facility Manager (CHFM) (General)
American Institute of Architects - AIA - Architects (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
American Society of Landscape Architects (LA CES) - ASLA - Member (General - Approved LA CES-2022)
American Society of Professional Estimators - ASPE - Certified Professional Estimator (CPE)/Associate Estimator Professional (AEP) (General)
BOMI International - RPA, FMA and/or SMA (General)
Canada - Alberta Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
Canada - Alberta Engineer (General - ,)
Canada - British Columbia Architect (AIBC) (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
Canada - British Columbia Engineer (General - ,)
Canada - Manitoba Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
Canada - Manitoba Engineer (General - ,)
Canada - New Brunswick Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
Canada - New Brunswick Engineer (General - ,)
Canada - Newfoundland and Labrador Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
Canada - Newfoundland and Labrador Engineer (General - ,)
Canada - Northwest Territory Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
Canada - Nova Scotia Engineer (General - ,)
Canada - Ontario Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
Canada - Ontario Engineer (General - ,)
Canada - Quebec Architect (General - AIA Reg RV1257-2022)
Accreditation: AIA Registered Provider J315
Canada - Quebec Engineer (General - ,)
Canada - Saskatchewan Engineer (General - ,)
Canada - Yukon Engineer (General - ,)
Construction Management Association of America - CCM - Certified Construction Manager (General)
Design-Build Institute of America - DBIA - Design-Build Professional (General)
Federal Building Personnel Training Act (FBPTA) (General)
International Facility Management Association - IFMA - Certified Facility Manager (CFM) (General)
International Society of Automation - ISA - Certifications (General)
National Institute for Certification in Engineering Technologies - NICET (General - ,)
Ontario Association of Certified Engineering Technicians and Technologists - OACETT - Certified Member (Management/Leadership Training)
Project Management Institute (PMI) - Project Management Professional (CAPM, ACP, RMP, SP) (Strategic and Business Management - RV-10427)
Accreditation: R.E.P. Provider 1510
Project Management Institute (PMI) - Project Management Professional (PMP, PgMP, PfMP, PBA) (Strategic and Business Management - RV-10427)
Accreditation: R.E.P. Provider 1510
Course Reviews (43)
Can we have this same course written from the perspective of the Owner/Purchaser?
By (Engineer, Professional Organization) on May, 23, 2020
Can we have this same course written from the perspective of the Owner/Purchaser?
Good use of audio and slides, easy to understand, efficient use of key points
By (Engineer) on May, 28, 2020
Good use of audio and slides, easy to understand, efficient use of key points
Nice training and learnt a lot on the contract agreement
By on Mar, 05, 2021
Nice training and learnt a lot on the contract agreement
This may be the best red vector course I've ever taken
By (Engineer) on Jan, 07, 2021
This may be the best red vector course I've ever taken. Thorough, clear, and universally applicable.
I learned a lot from this course and hopefully will be able apply when required to
By on Feb, 02, 2021
I learned a lot from this course and hopefully will be able apply when required to.
great
By on Oct, 25, 2020
great
I DO NOT LIKE THE FAKE VOICE , THE CONTENT IS PREATY GOOD
By on Oct, 04, 2020
I DO NOT LIKE THE FAKE VOICE , THE CONTENT IS PREATY GOOD.
This information can be beneficially applied to more situations than just contracts
By on Sep, 29, 2020
This information can be beneficially applied to more situations than just contracts
I found this course to be very informative for the short duration
By on Jan, 07, 2021
I found this course to be very informative for the short duration.
Really enjoyed this class
By on Dec, 23, 2020
Really enjoyed this class. Would like to have better prepared Smart Notes as the audio moved faster than I was able to take additional notes not supplemented by the Smart Notes handout
good
By on Apr, 11, 2021
good
Very informative and will recommend to my students
By on Oct, 27, 2020
Very informative and will recommend to my students.
Love training classes with audio
By on Oct, 23, 2020
Love training classes with audio. Went too quickly to take good notes without having to replay over and over, but I still liked it quite a bit
Excellent content
By on Sep, 28, 2020
Excellent content
Contract work is not in my realm of prior learning so it was intriguing knowing all the goes into it
By on Sep, 24, 2020
Contract work is not in my realm of prior learning so it was intriguing knowing all the goes into it.
good
By (Engineer, Professional Organization) on Feb, 06, 2021
good
too dense for engineers
By on Feb, 08, 2021
too dense for engineers
Learned a lot of helpful tips for contract agreement and negotiation tips
By on Feb, 15, 2021
Learned a lot of helpful tips for contract agreement and negotiation tips
good
By (Engineer) on Aug, 21, 2020
good
Very useful information for business and personal life
By (Engineer) on Jun, 27, 2020
Very useful information for business and personal life.
Good information and accessible content delivery
By on Feb, 19, 2021
Good information and accessible content delivery
Thanks
By (Professional Organization) on Jun, 09, 2020
Thanks
Thanks
By (Contractor / Trades) on May, 25, 2020
Thanks
Should have been better if Google Text to Speech was not used
By on Feb, 05, 2021
Should have been better if Google Text to Speech was not used. Content is great but the voice makes it so boring and unengaging
The content was designed more toward design engineers
By (Engineer) on Jan, 05, 2021
The content was designed more toward design engineers. Would like to see similar courses geared more towards construction management contracts and Design-Build/EPC contracts.
Thought the course ran through specific contract details too quickly
By (Engineer) on Feb, 15, 2021
Thought the course ran through specific contract details too quickly.
Test really didn't test your knowledge, but instead tested your ability to catch tricky wording
By (Engineer) on Jan, 10, 2021
Test really didn't test your knowledge, but instead tested your ability to catch tricky wording. Tired of the many classes that don't have straight forward tests.
Updated Pictures
By (Engineer) on Jan, 08, 2021
Updated Pictures
Lots of list
By on Nov, 18, 2020
Lots of list. Almost to much content in this one for one sectoin
Test questions were done very odd
By (Engineer) on Dec, 23, 2020
Test questions were done very odd. Too much trickery in them.
Too long and duplicated information
By on Dec, 01, 2020
Too long and duplicated information
N/A
By on Nov, 19, 2020
N/A
Somewhat confusing
By on Nov, 17, 2020
Somewhat confusing
some of the "double neg" wording is confusing
By on Sep, 14, 2020
some of the "double neg" wording is confusing
Way too long
By on Sep, 01, 2020
Way too long. And for the love of god, PLEASE UPDATE YOUR STOCK PHOTOS. Some are VERY out of date and can be construed as sexist towards women. And in general, all the stock are is awful and dated.
Content should be more specific
By (Architect, Professional Organization) on Sep, 01, 2020
Content should be more specific
n/a
By (Professional Organization) on Aug, 20, 2020
n/a
good
By on Jun, 26, 2020
good
nln/
By on Dec, 27, 2020
nln/.k
The wording of some of the questions leave too much room for interpretation
By on Apr, 12, 2021
The wording of some of the questions leave too much room for interpretation.
Very vaguely written questions
By (Engineer) on Dec, 08, 2020
Very vaguely written questions
Many of the sample test and final test questions are very confusing or un clear
By (Contractor / Trades) on Aug, 21, 2020
Many of the sample test and final test questions are very confusing or un clear.
rtshsnsn
By on Jun, 04, 2020
rtshsnsn