Course Description
Too often, contracts go awry because of insufficient management, lack of communication and failure to address difficulties head-on. A major portion of every organization’s operating cost is spent on outside goods and services. Based on this fact, the Contracts Evaluation and Management process must emerge as a critical core competency if organizations are to increase revenue.
This Contract Performance, Contract Performance Management course is designed to explore many of the best practices and it explores these stumbling blocks in-depth and arms participants with proven techniques and the confidence to anticipate and mitigate common problems before they arise, and to deal with any issues that do emerge in a professional and effective way.
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?
- Managers
- Leaders
- Supervisors
- Executives
- Anyone involved in management and leadership
- Contracts, Purchasing, and Project personnel
What Will the Learning Experience Include?
Phase: 1
Introduce
- 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.
Phase: 2
Explore & Practice
Phase: 3
Apply
- 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.
- Participant's Evaluation
- Trainer's Evaluation
Phase: 4
EVALUATE
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: 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 Three: 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
Section Four: Preparing the Contract for the Completion & Contract Cycle
- Status Reporting Clause
- Buyers Rights Before Performance Is Due
- How Contracts May End
- Develop Techniques To Address Performance Issues Without Terminating The Contract
- Termination For Convenience
- Types Of Bonds & Guarantees
- Disputes Resolution Provisions
- Discuss How To Conduct Formal Contract Evaluations Intermittently Throughout The Contract Cycle
- Other Contract Clauses List
- Final Contract Review Process