Upon completion of this course, the student will be able to identify the authorities and responsibilities of the contracting organization; recognize the statutory and regulatory requirements to ensure competition, proper contract type, and acquisition planning; identify the requirements for pre-award planning to construction contracts; identify the roles, responsibilities, and authorities of the project management team; interpret the requirements of Labor Standards law to construction contracts; interpret the rules of contract contained in the specification clause; identify the purpose of the contractor's accident prevention plan; explain construction management policies as it pertains to quality control and quality assurance; identify the basic concepts of price, cost, technical, profit, and analysis; identify the process for preparing for and holding negotiations; identify the requirements to process construction progress payment; define the policy and requirements for contract completion and closeout; and identify conditions for contract termination and the conditions of the dispute clause.