Dynamic Simulation of Supply Chain and Logistics
Purchasing, Logistics & Supply Chain Management
Course Description
INTRODUCTION
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.
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
Broadening your
knowledge of a variety of procurement strategies
Enhancing your
knowledge of best practice in producing tender documentation
Extending your
understanding of key risk areas and their management
Improving your
knowledge of contract and relationship management
Course 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