Project Procurement & Contract Management
Project Procurement & Contract Management
OBJECTIVES
- What is a contract? Analyze the types of contracts /examining the contracting methods.
- Understand the contracting and procurement process / Types of contracts and various acquisition methods
- Roles and responsibilities of the key players in the contracting process
- Understand of the phases of the contract and/or acquisition
- To overview of the contract and its administration
- Have Knowledge of contracts as it applies to the project manager
- Understanding what has been passed from the upstream phase.
- Examine the business environment to foresee how the supplier/contractor may perform.
- Understand the elements of a legal contract.
- Analyze the Contracting methods – competitive and non – competitive.
- Examine the risk in contract pricing.
- Review the tools and techniques to measure supplier /contractor’s performance.
- Identify causes of claims and disputes, and how to avoid them.
- Basic understanding of the main methods of dispute resolution involving third parties.
- Effectively handling claims, variations and disputes.
COURSE OUTLINE
- Understanding the contract management process
- The impact of effective interaction between contract administration and the accomplishment of the project goals and objectives
- An understanding of the risks associated with different types of contracts and strategies
- Realize how to effectively select vendors and evaluate their offers
- Appreciate the need for the contract cycle including initiation, change implementation, schedule progress and closure
- Concepts and principles of contract law contracting methods.
- Developing contract-pricing agreements Pre – award phase & Award phase.
- Contract administration and how Claims arise.
- What is a contract? Analyze the types of contracts and examining the contracting methods.
- Types of contracts and various acquisition methods
- Roles and responsibilities of the key players in the contracting process
- Understand of the phases of the contract and acquisition
- Overview of the contract and its administration
- Contracts as it applies to the project manager
- Examine the business environment to foresee how the supplier or the contractor performs.
- Understand the elements of a legal contract.
- Analyze the Contracting methods – competitive and non-competitive.
- (WPQ) Welder Performance Qualification (WPQ)
- Fundamental concept & effectiveness of procurement process in a commercial environment.
- Understand the value addition of procurement to business.
- Development of procurement strategies, improved working relationships with contractors & suppliers.
- Understand the process of contracts.
- Role of contracts in adding value & security to the business.
- Examine the risk in contract pricing.
- Review the tools and techniques to measure supplier’s performance.
- Identify causes of claims and disputes, and how to avoid them.
- Basic understanding of the main methods of dispute resolution involving third parties.
- Effectively handling claims, variations and disputes.
- Purchasing and types of purchasing
- Purchasing cycle, preparation of purchase specifications (Enquiry stage, purchase order stage), RFP, RFQ and types of supplier relationship in purchasing.)
- Concept of Procurement.
- Role of shipping and freight forwarding in procurement management.
- Strategic procurement
- Two (2) Bin system, outsourcing, methodologies of outsourcing, global sourcing
- JIT system, Inventory management, EOQ, DOQ, VMI(Vendor managed inventory)
- Supplier selection and evaluation.
- LOI, MOU’s, Contract Philosophy, Types of contracts, Objectives of contract,
- Components of a Contract, contract law.
- Importance of standard legal terms and conditions in purchase orders / contracts
- Standard terms and conditions of Purchase Order
- Legal screening of contracts