Contract Management and Tendering

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