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
  • Developing Performance-Based Service Contracts
  • 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

Who Can Benefit?

• Contracts, Purchasing Staff