Attending this BTS Contract Cost and Price Analysis online training course will provide insight into:

• Managing Cost and Prices in Volatile Market Conditions
• Obtaining Better Pricing for the Original Contracts and Changes
• Understanding the Methods Contractors use for Pricing
• Understanding the Elements of Price that Make up the Price

• The Importance Of Price/Cost Analysis In Continuous Improvement Programs
• The Difference Between Price And Cost Analysis
• Criteria For Selecting The Analysis Type
• Methods Of Price Analysis
• Knowledge of Supplier Strategic Alliances
• Analytical Tools for Cost Drivers
• Methods Of Cost Analysis
• Development Of “Should Cost”
• Types Of TCO Models

• Contract Managers, Contract Engineers, Quantity Surveyors, Contract Administrators, Project Managers and Engineers, Tenders Managers
• Buyers, Purchasing Managers, Procurement Managers
• Engineering, Contract Holders, Construction Managers
• Maintenance Mangers and Systems Managers and all others in organizations whose leadership want world-class skills sets in those involved in contracts for the procurement of goods, equipment, construction, and service
• The Contract Cost and Price Analysis online training course is a great way to develop those new to contracts, prepare for a major project, or useful as a refresher for veterans

Day 1 - Defining Cost Savings Opportunities

• Reducing The Cost Of Purchased Goods And Services
• Contract’s Savings Impact On The Bottom Line
• Understanding Where To Focus Your Efforts
• Supplier Pricing Models
• Develop Opportunity Hypotheses
• Cost Reduction Reporting Procedure
• Continuous Improvement Skill Sets

Day 2 - Performing Price Analysis

• Difference Between Cost And Price Analysis
• Selection Tool
• Methods Of Price Analysis
• Historical Analysis
• Using Price Indexes
• Calculating Change
• Developing the Organization’s Contract Price Index

Day 3 - Performing Cost Analysis

• Methods Of Cost Analysis
• Major Elements Of Cost
• What And How Important Are Supplier Overheads
• Developing “Should Costs”
• Requesting Supplier Cost Info
• Issues In Analyzing Supplier Cost Breakdown
• How much Profit should the Supplier make

Day 4 - Other Important Valuation Criteria

• Industry Analysis
• Global Industrial Labor Rates
• Working With Currency Exchange Rates
• Total Costs Of Ownership Models
• Reengineering Processes to Reduce Cost
• Cost Volume Profit Analysis
• Defining Value Analysis?

Day 5 - Controlling Contract Pricing in Volatile Markets

• Dealing in Volatile Economic Situations
• Contract Economic Adjustment Clauses
• Continuous Improvement Methods
• Early Supplier Involvement
• Reducing Waste In The Supply Chain
• Savings Reporting
• Get The Big Savings Now

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