Effective Contract Risk Management

    Course Objectives

  • Learn Methods Of Tender Evaluation
  • Review Contract Strategies
  • Explore Steps In Developing Performance Based Service Contracts
  • Be Presented The Essential Elements Of A Contract
  • Be Given Examples And Sources Of Contract Checklist

       Who Can Benefit?

  • Contracts, Purchasing Staff

    Course content

  • 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
  • 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
  • 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
  • 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
  • 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

Code Courses Title Date Venue Price Request
PI01 Effective Contract Risk Management
06 Jan to 10 Jan 2018 Istanbul contact us
01 Apr to 05 Apr 2018 Dubai contact us
01 Jul to 05 Jul 2018 Sharm El-Sheikh contact us
06 Oct to 10 Oct 2018 cairo contact us

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