Program Objectives:
By the end of the program, participants will be able to:
- Identify the basic elements of contracting.
- Identify and discuss the major steps involved in contracting procedures.
- Develop the scope of work and recognize the implications of a poorly prepared scope.
- Discuss the contracting strategy including pricing.
- Select contractors more efficiently.
- Recognize and practice the tendering principles and process.
This program is designed for:
All those involved in any step of contracting; also those involved in managing or administering contracts and need to have a full understanding of the contractual provisions they will be managing. This program is worth 30 PDUs.
Locations & Dates:
04 - 08 Mar 2012 Dubai, English
16 - 20 Sep 2012 Dubai, English
Meirc reserves the right to alter dates, content, venue and trainer with a reasonable notice time.
One extra free place for every 2 paid nominees
Delivery Type: Group-Live
Pre-requisites: None
Related Programs:
Program Outline
Overview of Contracts - Definitions of a Contract
- Elements of a Contract
- Problems in Preparing and Managing Contracts
- Requirements of an Offer
- Consideration
- Express and Implied Contracts
- Validity of a Contract
- Legal Consideration
- Classical Contract Framework
Contract Preparation - Business Case
- Acquisition Planning
- Evaluation of Internal and External Resources
- Contracting Methods; Bidding, Negotiation
- Scope of Work
- Must and Want Criteria
- Clarity and Completeness
- Implications of a Poor Scope
- Terms and Conditions
- Evaluation Procedures
Contract Types and Strategies - One versus Several Contracts
- Sole Contracting
- Fixed Price (Lump Sum) Contracts
- Reimbursable (Cost Plus) Contracts
- Time and Materials
- Economic Price Adjustments
- Incentive Contracts
- Pricing Strategies
- Risk Analysis
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Contract Provisions - Intellectual Properties
- Payment Terms
- Bonds
- Retention
Negotiation - Negotiation Preparation
- Negotiation Objectives
- Guidelines and Techniques
- Negotiation Strategies and Tactics
Contract Award - Tender Documents, Procedures and Evaluation
- Pre-Qualification
- Selection of Contractors
- Documentation
- Contract File
- Control Procedures
- Post Award Conference
- Contract Administration
- Sub-Contract Administration
- Contract Closeout
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