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
08 Dec to 12 Dec 2018 Istanbul contact us
05 Jan to 09 Jan 2019 cairo Contact us
06 Apr to 10 Apr 2019 Istanbul Contact us
06 Jul to 10 Jul 2019 Sharm El-Sheikh Contact us
05 Oct to 09 Oct 2019 Dubai Contact us

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