Who Can Benefit?

•      Contracts, Purchasing Staff

Course Objectives

•  Learn Methods Of Tender Evaluation
•   Review Contract Strategies
•  Explore Steps In Developing Performance Based Service Contracts
•  Be Presented The Essential Elements Of A Contract
• Be Given Examples And Sources Of Contract Checklist

 Course Outline

• Contract management and tendering - when does the process start?

• What You Need To Know To Be Competent at Contract Management
• Elements Of A Good Procurement and Competitive Bidding Process
• Standards Of Ethical Practice
• Example Policy "Relations with Suppliers
• Selecting the Right Contracting Strategy
• Types Of Statement Of Work
• The Importance Of The Contract
• Basic Contract Types
• Basic Types Of Project Deliver

•  Developing the tender

• Objectives Of The Contract
• Tender And Contract Check Lists
• The Important Integration Clause
• Inspection, Acceptance, Rejection
• Clauses For Defects In Material And Workmanship
• Penalty/Liquidated Damages Clause
•  Clauses For Spare Parts

• Important elements of the contract

• Saving With Economic Price Adjustment Clauses
• Force Majeure Clauses
• Contract Changes Clauses
• Methods Of Payment
• Progress Payments
• Letters Of Intent, Award, And Side Agreements

• Bidder selection and tender evaluation

• Selecting The Bidders
• We Want More Than The Lowest Price
• How Do You Know You Got A Good Price?
• Use Of Price Indexes
• Electronic Evaluations
• Requesting Cost Breakdowns And Evaluations Of Cost Breakdowns

• Managing the contract performance

• The Criticality Of Good Contract Administration
• Contract Changes
• Determining Status And Expediting
• Contractor Payments
• How Contracts End
• Remedies For Breach Of Contract
• Types Of Bonds and Guarantees
• Negotiation Tips