Managing Tenders, Specifications & Contracts
Project Management, Contracts Management & Law
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.
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.
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