Managing Tenders, Specifications & Contracts

Project Management, Contracts Management & Law

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Description

This highly interactive Managing Tenders, Specifications & Contracts training course considers how your organisation can identify and use the most appropriate procurement strategy and discusses best practice in developing tender documentation, criteria and evaluation. This  training course focuses on how best to deal with key contractual liability issues to minimise the risk exposure to your organisation from cost and time overruns. This Managing Tenders, Specifications & Contracts training course also provides tools, tips and techniques on effective resolution of disputes to minimise cost and reputational risk exposure to your organisation.

 A large proportion of an organization’s costs is expended on the procurement of goods and services, particularly where it involves a global supply chain network as is the case with most of today’s industries and sectors. Using management best practice through the tendering and procurement process and in contract implementation is thus critical to ensuring cost and process efficiencies to your organisation.

 

Program Objectives:

At the end of this Managing Tenders, Specifications & Contracts training course, you will learn to:

• Identify the most appropriate procurement strategy
• Evaluate tendering and procurement best practices
• Assess and manage key contractual risks
• Compare ways of dealing with performance failures
• Evaluate the most appropriate seminar of action when disputes arise.
• The benefit of this course:
• Expanding traditional procurement options to promote your organisation’s goals
• Exploring the risks of using different types of contracting strategy
• Developing best practice in the production of tender documentation
• Enhancing internal capacity to assess and manage key contractual risks.
• Extending your understanding of key risk areas and their management
• Improving your knowledge of contract and relationship management
• Developing your knowledge of monitoring and managing performance failures
• Boosting your confidence in dealing with contractual issues and disputes.

  

Program Outline:

 Day 1

• Procurement Strategies and Best Practice
• Elements of Procurement Best Practice
• Types of Procurement Strategy
• Risk Management Process
• Balancing Risk Through Contract Strategy
• Supply Chain Risk Assessment
• Exposure to Bribery and Corruption.

 

Day 2

• Developing Tenders and Specifications
• Developing the Scope of Work and Specification
• Selection and Evaluation Criteria
• Cost and Price Analyses
• Objectives of the Contract
• Ancillary Documents and Issues
• Negotiation Tools and Techniques

 Day 3

• Key Elements of the Contract
• Principal Performance Obligations
• Scheduling and Completion
• Liabilities, Indemnities and Insurance
• Ownership and Risk
• Pricing and Payment
• Governing Law

 Day 4

• Managing Change and Performance Failures
• Assignment, Novation and Subcontracting
• Implications of Varying Performance
• Managing External Events
• Performance-based Contracting
• Default Mechanisms
• Other Remedies

 

 Day 5

• Contract Claims and Completion
• Types and Assessment of Claims
• Tiered Dispute Resolution Mechanisms
• Formal Dispute Resolution
• Contract Close Out
• Contract Review, Evaluation, Lessons Learned
• Seminar Overview – Learning Outcomes