Course Details
Your Growth, Our Mission
Course Description
A major portion of every organization’s operating cost is spent on outside goods and services. Based on this fact, executive management everywhere is determining that Managing Tenders, Specifications, and Contracts must emerge as a critical core competency if organizations are to increase revenue. This program is designed to explore many of the best practices in the initial phases of contracting so that participants will be able to implement the steps needed to create maximum total value for their organization. Included in the vast number of topics that brings increased professionalism to these crucial functions are:
Elements of a good procurement & competitive bidding process
Developing high quality specifications
Developing tender evaluation criteria
Selecting the right contracting strategy
Contract Preparation
The Training Course Will Highlight ?
Training Objective
By the end of this training course, participants should be able to:
- Discuss Elements of Good Procurement Process
- Develop methods of Contractor Performance Measurement
- Learn methods of Tender Evaluation
- Review Contract Strategies
- Explore steps in Developing Performance Based Service Contracts
- See examples of important commercial Contract Clauses
- Presented the Essential Elements of a Contract
- Given examples of Contract Checklist
Target Audience
This training course is suitable to a wide range of professionals but will benefit:
- Contracts, Purchasing, and Project personnel.
- Engineering, Operational, and Maintenance personne
Training Methods
This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include:
- Lectures
- Workshop & Work Presentation
- Case Studies and Practical Exercise
- Videos and General Discussion
Daily Agenda
Module One:
Contracting Strategy
- Elements Of a Good Procurement & Competitive Bidding Process
- Selecting The Right Contracting Strategy
- The Importance of The Contract
- Basic Types of Project Delivery
- Types Of Statement of Work
- Specification Check List
- Conduct Risk Assessment
Module Two:
Evaluation and Contract Preparation
- Basic Contract Types
- Developing Tender Evaluation Criteria
- Value Model of Total Cost of Ownership
- Electronic Evaluations
- How Do You Know You Got a Good Price?
- Requesting Cost Breakdowns and Evaluations of Cost Breakdowns
Module Three:
Important Elements of the Contract
- Objectives Of the Contract
- Contract Check Lists
- The Important Integration Clause
- Inspection, Acceptance, Rejection
- Clauses For Defects in Material and Workmanship
- Performance-Based Service Contracts
- Penalty/Liquidated Damages Clause
- Clauses For Spare Parts
Module Four:
Additional Important Contract Clauses
- Today’s Challenges Regarding Force Majeure
- How To Deal with Contract Changes
- Methods Of Payment
- Advance Payments
- Progress Payments
- Letters Of Intent
Module Five:
Preparing the Contract for the Completion
- How Contracts May End
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- What Constitutes a Breach?
- Remedies For Breach of Contract
- Types Of Bonds & Guarantees
- Disputes Resolution Provisions
- Final Contract Review Process
Accreditation
BTS attendance certificate will be issued to all attendees completing minimum of 80% of the total course
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