19 - 23 May 2025
London (UK)
Hotel : Landmark Office Space - Oxford Street
Cost : 5250 € Euro
High quality Contract and Tender Management are essential activities in achieving improved levels of performance for all organizations. Providing the high value added activities available from contract and procurement operations requires the continuous involvement of knowledgeable professionals and management who understand and implement the best practices in Contract Management and Tendering for the acquisition of goods, equipment, and services. Included in the many topics covered in this training session to move contracts from the tactical to a more important strategic focus are:
Contract Management And Tendering Is A Profession, Not Just A Job
Elements Of A Good Procurement & Competitive Bidding Process
Developing Tender Evaluation Criteria
Selecting The Right Contract Type
Contract Preparation
Contract Management
Discuss Elements Of Good Procurement Process
Learn Methods Of Tender Evaluation
Review Contract Strategies
Explore Steps In Developing Performance Based Service Contracts
See Examples Of Important Commercial Contract Clauses
Be Presented The Essential Elements Of A Contract
Be Given Examples And Sources Of Contract Checklist
Participants will increase competencies through a variety of instructional methods including lecture by an experienced practitioner and consultant, exercises, and group discussions covering current practices and their relationship to the implementation of new concepts.
Those involved in tendering, bid, and supplier evaluation and the preparation of contracts understand well the significant challenges in this ever changing business environment. This program is designed to increased the competencies of all those contributing to the acquisition process for equipment, materials, and services so that the significant cost, quality, and delivery improvements available from the market place can be obtained.
Day 1
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
Day 2
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
Day 3
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
Day 4
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
Day 5
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