Negotiating Contracts Effectively
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Program Objectives: By the end of the program, participants will be able to: - Recognize the importance of developing a solid Scope of Work and the implications of failing to do so.
- Decide when to negotiate, as opposed to tendering.
- Plan and conduct several contract-related negotiations.
- Use communication and planning skills that will allow reaching a win-win outcome.
- Successfully negotiate Contractual Claims and Change Orders.
This Program is designed for: Those involved in contract and/or business related negotiations. The program will also benefit those involved in negotiating the procurement of manpower and the purchasing of material supplies. This program is worth 25 NASBA CPEs. Program Fees: Per participant - USD 3700 Frequent nomination - USD 3330 (including coffee breaks and a buffet lunch daily) One extra free place for every 2 paid nominees on the same program and dates Discount Plans, Refunds & Cancellations Policy Meirc reserves the right to alter dates, content, venue and trainer with a reasonable notice time. Program Outline: | Pre-Negotiation Steps - Establish Need
- Obtain Approvals
- Authorization to Negotiate?
Developing the Scope of Work/Strategy - Must and Want Criteria
- Assigning Weights
- Avoiding Pitfalls through Internal and External Research
When to Negotiate and When to Tender - Know Your Company Policy and Practices
- Evaluate the Situation
- Justify Negotiation and/or Single Sourcing
The Secrets to Effective Negotiation: - Planning
- Communication
- Making Concessions
| | Principled Negotiation (The Harvard Model) - Separate People from Problem
- Focus on Interests, not Positions
- Invent Options
- Use Objective Criteria
Planning: The Key to Win-Win Negotiation - The Planning Form
- Different Pricing Strategies
- Clear Objectives/Options
- Bases of Power
Different Types of Contracts - Single-Sourcing
- Maintenance/Parts
- Whole-Life Cost
- Multiple Suppliers
Negotiating Claims and Change Orders - Time Extension
- Change Rates
- Idle/Waiting Time Rates
| Pre-requisites None Delivery Type Group-Live | Related Programs |
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