* All fees are exclusive of vat ** PREMIUM - Customize your learning experience
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 Contract Preparation Essentials course 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 and provides knowledge about essential tools and techniques used in contract preparation.
What Do Participants Learn?
Discuss Elements of Good Procurement Process
Develop methods for 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
Be presented the Essential Elements Of A Contract
Be given examples of Contract Checklist
Who Should Attend?
Anyone involved in management and leadership
Contracts, Purchasing, and Project personnel
What Will the Learning Experience Include?
Comprehensive pre-program activities include:
Web-based information forms & surveys completed by attendee.
Direct consultation with the attendee about the expectations.
During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
Participants learn from expert trainers who have both academic and business experiences.
Highly applicable training content & instructive activities for adding depth to training topics.
**A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Explore & Practice
Apply & sustain the learning experience by using this ongoing support:
To ensure participant has new skills or behavior progress.
Optional, fee-based mentoring & coaching with the trainer.
Training materials & additional documents (e-books, pdf files, presentations and articles)
Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
Section 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
Managing the Risk
Section Two: Evaluation and Contract Preparation
Basic Contract Types
Economic Price Adjustments
Developing Tender Evaluation Criteria
Value Model Of Total Cost Of Ownership
Technical & Commercial Evaluations
How Do You Know You Got A Good Price?
Requesting Cost Breakdowns And Evaluations Of Cost Breakdowns
Section 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
Section Four: Additional Important Contract Clauses
How To Deal With Contract Changes
Methods Of Payment
Letters Of Intent
Section Five: Preparing the Contract for the Completion