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 42
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 - ,)
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 Territories and Nunavut 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 (42)
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.
It covers all the bases and is very explanatory
By (Contractor / Trades) on Aug, 12, 2021
It covers all the bases and is very explanatory.
Great!
By (Engineer) on Jul, 23, 2021
Great!
Very informative
By (Engineer) on Jul, 16, 2021
Very informative
Excellent
By (Engineer) on May, 15, 2021
Excellent. Well organized course.
great contents
By (Professional Organization) on Jul, 09, 2021
great contents
Very detailed and thorough presentation
By on May, 26, 2021
Very detailed and thorough presentation.
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.
Very good course, include a lot of information
By on May, 06, 2021
Very good course, include a lot of information
I learned a lot!
By (Engineer) on Jun, 21, 2021
I learned a lot!
good
By on Apr, 11, 2021
good
I learned verbiage is extremely important
By on Jun, 30, 2021
I learned verbiage is extremely important.
This chapter clearly identifies very well how to create a contract to maintain relationship with the client and for future use
By on Jul, 13, 2021
This chapter clearly identifies very well how to create a contract to maintain relationship with the client and for future use.
great overview of different contracts
By on Jul, 16, 2021
great overview of different contracts
I learned verbiage is extremely important
By on Jun, 30, 2021
I learned verbiage is extremely important.
Good information and accessible content delivery
By on Feb, 19, 2021
Good information and accessible content delivery
This was a LOT of information, but it was all very beneficial
By (Engineer, Professional Organization) on Oct, 13, 2021
This was a LOT of information, but it was all very beneficial.
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
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.
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
good
By (Engineer, Professional Organization) on Feb, 06, 2021
good
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
too dense for engineers
By on Feb, 08, 2021
too dense for engineers
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.
The training was too long
By on Sep, 15, 2021
The training was too long.
Module was too long
By on Aug, 28, 2021
Module was too long. Best to have them stay within 30-60 min max.
fine
By on Aug, 18, 2021
fine
Lots of list
By on Nov, 18, 2020
Lots of list. Almost to much content in this one for one sectoin
A lot of this was common sense
By on Jul, 29, 2021
A lot of this was common sense
Good learning
By (Professional Organization) on Jul, 23, 2021
Good learning
Too long and duplicated information
By on Dec, 01, 2020
Too long and duplicated information
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 questions were done very odd
By (Engineer) on Dec, 23, 2020
Test questions were done very odd. Too much trickery in them.
nln/
By on Dec, 27, 2020
nln/.k
Updated Pictures
By (Engineer) on Jan, 08, 2021
Updated Pictures
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.
Somewhat confusing
By on Nov, 17, 2020
Somewhat confusing
Very vaguely written questions
By (Engineer) on Dec, 08, 2020
Very vaguely written questions
quiz questions imbedded in the course had the wrong answers marked as correct
By (Engineer, Professional Organization) on Sep, 24, 2021
quiz questions imbedded in the course had the wrong answers marked as correct
Stock images need work
By (Architect) on Aug, 22, 2021
Stock images need work. Gratuitous phots of women's decollete have no place in a professional course. It undermines the value women bring to their teams and projects. Inclusivity of persons shown could also be improved.