Project Contract Management – Procurement, Tendering & Best Practices

Programme description & objectives

Most organizations have come to realize that the management of tenders, specifications, and contracts must emerge as a critical core competency if they are to increase revenue. This functions should be taken as core since a major portion of every organization’s operating cost is spent on outside goods and services. 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 important 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, performance, and measurement - Methods of tender evaluation - Review Contract Strategies - Explore steps in Developing Performance-Based Service Contracts - See examples of important commercial Contract Clauses - Be presented the Essential Elements Of A Contract - Be given examples of Contract Checklist

Venues, Dates & Cost

VenuesDublinLondonDubaiEdmonton (CAN)Lagos/Abuja
DatesTBDTBDTBDTBDTBD
Cost$3,900 per participant (USD)(=N=)

For whom:

  • Project Directors and Managers
  • Technocrats and Policy Makers
  • Top and Senior Managers in Private and Public organizations
  • Operations & Supply Chain Managers
  • Manufacturing & Production Managers
  • Relevant Project Stakeholders

Snapshot of course content

  • 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
  • Managing the Risk
  • Evaluation and Contract Preparation
  • Basic Contract Types
  • Economic Price Adjustments
  • Developing Tender Evaluation Criteria
  • Value Model Of Total Cost Of Ownership
  • Electronic Evaluations
  • Technical & Commercial Evaluations
  • How Do You Know You Got A Good Price?
  • Requesting Cost Breakdowns And Evaluations Of Cost Breakdowns
  • 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
  • Additional Important Contract Clauses
  • Today’s Challenges Regarding Force Majeure
  • Applicable Law
  • How To Deal With Contract Changes
  • Payment Considerations
  • Methods Of Payment
  • Advance Payments
  • Progress Payments
  • Letters Of Intent
  • Preparing the Contract for the Completion
  • Status Reporting Clause
  • Buyers Rights before Performance is Due
  • How Contracts May End
  • Termination for Convenience
  • Types of Bonds & Guarantees
  • Disputes Resolution Provisions
  • Other Contract Clauses List
  • Final Contract Review Process