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 

This training course is suitable to a wide range of professionals but will benefit:  

• Contracts, Purchasing, and Project personnel. 

• Engineering, Operational, and Maintenance personne

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

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
• • What Constitutes a Breach? 
  • Remedies For Breach of Contract 
  • Types Of Bonds & Guarantees 
  • Disputes Resolution Provisions 
  • Final Contract Review Process 
    

BTS attendance certificate will be issued to all attendees completing minimum of 80% of the total course