Contract and Tender Management

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 checklists

• 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

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