Drafting Contracts & Tenders Management Strategies

Course Code: LT18

Course Objective

  • 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

Target Audience

  • Tendering and Procurement Managers
  • Project and Contract Managers
  • Sales and Marketing Professionals

 

Course Outline

DAY 1Procurement 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


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Date & Location

Date : 18 August 2024

Duration : 5 days

Place : Kuala Lumpur

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Date : 10 March 2024

Duration : 5 days

Place : Manama

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Date : 27 October 2024

Duration : 5 days

Place : London

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