Contract Preparation and Management

Course Code: PMCM 143

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Course Sector:

Project & Contract Management

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Introduction

Training course introducion / brief

This training course explores and explains how to apply relevant skills underpinned by contractual knowledge to manage risks, disputes and opportunities that may arise during the life of a contract to achieve a successful outcome. This highly interactive 3-day course is designed for the participants to practice and develop the key facets of advanced contract management skills all underpinned by the detail of the contract.

This program is designed to:

Explore the advanced skills to enhance performance in contract selection, development and management.
Enable participants to practice and develop their contract management skills.
Help participants to begin immediate implementation of the steps needed to create maximum total value for their organization

Identify the basic elements of contracting.
Identify and discuss the major steps involved in contracting preparation procedures.
Develop the scope of work and recognize the implications of a poorly prepared scope.
Discuss the contracting strategy including pricing.
Develop scope of work negotiation strategy.
Use evaluation criteria to select contractors efficiently.
Recognize and practice the tendering principles and process.

* Project Manager

* Business Administrator

* Marketing Coordinator

* Account Executive

* Chief Operating Officer

* Operations Manager

* Executive Administrative

* Risk Manager

* Program Manager

* Business Analyst

* Quality Control Coordinator

* Assistant Manager

* Team Leader

* Senior Supervisors

* Researcher

* Entrepreneur

* Management Consultant

* Public Relations Director

Introduction to Contract and Contract Preparation

Importance of Contract
Elements of a Contract
Types of Contract
Essential Components of a Contract
Drafting Clear and Concise Contract Terms
Key Clauses and Preparations in Contracts
Addressing Risks and Liabilities
Negotiation and Collaboration in Contract Preparation
Review, Approval, and Finalization of Contracts

Problems in Preparing and Managing Contracts

Requirements of an Offer
Capacity and Genuine Assent
Types of Authority
Classical Contract Framework
Business Case
Acquisition Planning
Contracting Methods; Bidding, Negotiation
Elements of Scope of Work
Decision Analysis Worksheet
Implications of a Poor Scope of Work
Terms and Conditions
Sourcing Strategy
Pre Qualification

One versus Several Contracts

Fixed Price (Lump Sum) Contracts
Firm fixed contracts
Economic price adjustment
Incentive contracts
Cost Reimbursable (Cost Plus) Contracts
Percentage of Cost
Fixed Fee
Award Fee
Incentive Fee
Time and Material Contracts
Intellectual Properties
Special Forms of Contracting
Research Development
Construction projects
Information Technology

Negotiation

Negotiation Preparation
Negotiation Objectives
Negotiation Guidelines
Techniques Used in Negotiation

Contract

Award
Evaluation Criteria
Pre Award Meeting
Recommendation Report
Methods of Awarding a Contract
Contract File
Post Award Conference
Contract Administration
Sub Contract Administration
Contract Closeout

Boost certificate of completion

BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.

ENDORSED EDUCATION PROVIDER

Flexible deadlines

Customized dates accordance to your schedule

Shareable Certificate

Earn certificate upon completion

COURSE METHODOLOGY

Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).

At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.

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TRAINING COURSE: Contract Preparation and Management