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Home Programs Contracts Management Effective Contract Preparation
Effective Contract Preparation
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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 who need to have a full understanding of the contractual provisions they will be managing. Meirc is assigned as a Registered Educational Provider (R.E.P.) with the Project Management Institute (PMI®). This program is worth 30 PDUs.

Fees in US$:

Per participant $3,900
Frequent nomination $3,510

(including coffee breaks and a buffet lunch daily)

Discount Plans, Refunds & Cancellations Policy
Locations & Dates:
17 - 21 Mar 2013
Dubai, English
Al Bustan Rotana Dubai map
Completed
20 - 24 Oct 2013
Dubai, English
Register
08 - 12 Dec 2013
Dubai, English
Kempinski Hotel map
Register
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
Program Outline

Overview of Contracts

  • Objectives of Contract Management
  • Elements of a Contract
  • Problems in Preparing and Managing Contracts
  • Requirements of an Offer
  • Consideration
  • Express and Implied Contracts
  • Validity of a Contract
  • Types of Authority
  • 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
  • Implications of a Poor Scope
  • Terms and Conditions
  • Evaluation Procedures
  • Pre-Qualification
  • Tender Documents, Procedures and Evaluation

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

Contract Provisions

  • Intellectual Properties
  • Payment Terms
  • Bonds
  • Retention

Negotiation

  • Negotiation Preparation
  • Negotiation Objectives
  • Negotiation Guidelines
  • Techniques Used in Negotiation

Contract Award

  • Evaluation Criteria
  • Selection of Contractors
  • Recommendation Report
  • Contract Award
  • Contract File
  • Post Award Conference
  • Contract Administration
  • Sub-Contract Administration
  • Contract Closeout