Included in the vast number of topics that brings increased professionalism to these crucial functions are:

• Elements of a good procurement & competitive bidding process
• Developing high quality specifications
• Developing tender evaluation criteria
• Selecting the right contracting strategy
• Contract Preparation

By the end of this training course, participants should be able to:

• Discuss Elements of Good Procurement Process
• Develop methods of Contractor Performance Measurement
• Learn methods of Tender Evaluation
• Review Contract Strategies
• Explore steps in Developing Performance Based Service Contracts
• See examples of important commercial Contract Clauses
• Presented the Essential Elements of a Contract
• Given examples of Contract Checklist

This training course is suitable to a wide range of professionals but will benefit: 

• Contracts, Purchasing, and Project personnel.
• Engineering, Operational, and Maintenance personnel.

This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include:

• Lectures
• Workshop & Work Presentation
• Case Studies and Practical Exercise
• Videos and General Discussions

Module One:

Contracting Strategy

• Elements Of a Good Procurement & Competitive Bidding Process
• Selecting The Right Contracting Strategy
• The Importance of The Contract
• Basic Types of Project Delivery
• Types Of Statement of Work
• Specification Check List
• Conduct Risk Assessment

Module Two:

Evaluation and Contract Preparation

• Basic Contract Types
• Developing Tender Evaluation Criteria
• Value Model of Total Cost of Ownership
• Electronic Evaluations
• How Do You Know You Got a Good Price?
• Requesting Cost Breakdowns and Evaluations of Cost Breakdowns

Module Three:

Important Elements of the Contract

• Objectives Of the Contract
• Contract Check Lists
• The Important Integration Clause
• Inspection, Acceptance, Rejection
• Clauses For Defects in Material and Workmanship
• Performance-Based Service Contracts
• Penalty/Liquidated Damages Clause
• Clauses For Spare Parts

Module Four:

Additional Important Contract Clauses

• Today’s Challenges Regarding Force Majeure
• How To Deal with Contract Changes
• Methods Of Payment
• Advance Payments
• Progress Payments
• Letters Of Intent

Module Five:

Preparing the Contract for the Completion

• How Contracts May End
• What Constitutes a Breach?
• Remedies For Breach of Contract
• Types Of Bonds & Guarantees
• Disputes Resolution Provisions
• Final Contract Review Process

A RECTUS attendance certificate will be awarded to all participants who complete at least 80% of the total course duration.