Managing Tenders, Specifications & Contracts

Managing Tenders, Specifications & Contracts

OBJECTIVES

• 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
• Be presented the Essential Elements Of A Contract
• Be given examples of Contract Checklist

WHO SHOULD ATTEND?

• Contracts, Purchasing, and Project personnel
• General Services, Operational, and Maintenance personnel

COURSE OUTLINE

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

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

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

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

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