Location
France, - Paris
Dates
Dates flexible
Course Type
Professional Training Course
Accreditation
Yes (Details)
Language
English
Price
$4,500

Course Overview

A major portion of every organization's operating cost is spent on outside goods and services. Based on this fact executive management everywhere is determining that Managing Tenders Specifications and Contracts must emerge as a critical core competency if organizations are to increase revenue. This programme is designed to explore many of the best practices in the initial phases of contracting so that participants will be able to implement the steps needed to create maximum total value for their organization.

Who should take this course

Contracts Purchasing and Project personnel, Engineering Operational and Maintenance personnel. All others who are involved in the planning evaluation, preparation and management of tenders specifications awards and contracts that cover the acquisition of materials equipment and services and who are in organizations whose leadership want high levels of competency in those involved in these activities.

Accreditation

ILM, CPD

Course content

Day 1 - Contracting Strategy. Elements Of A Good Procurement & Competitive Bidding Process. Selecting The Right Contracting Strategy. The Importance Of The Contract. Basic Types Of Project Delivery. Types Of Statement Of Work. Specification Check List Conduct Risk Assessment.

Day 2 - Evaluation and Contract Preparation. Basic Contract Types Developing Tender Evaluation Criteria. Value Model Of Total Cost Of Ownership. Electronic Evaluations. How Do You Know You Got A Good Price? Requesting Cost Breakdowns And Evaluations Of Cost Breakdowns.

Day 3 - Important Elements of the Contract. Objectives Of The Contract. Contract Check Lists. The Important Integration Clause Inspection. Acceptance Rejection. Clauses For Defects In Material And Workmanship. Performance-Based Service Contracts. Penalty/Liquidated Damages Clause Clauses For Spare Parts.

Day 4 - Additional Important Contract Clauses. Today's Challenges Regarding Force Majeure. How To Deal With Contract Changes. Methods Of Payment. Advance Payments Progress Payments. Letters Of Intent.

Day 5 - Preparing The Contract For The Completion. How Contracts May End. What Constitutes A Breach? Remedies For Breach Of Contract. Types Of Bonds & Guarantees. Disputes Resolution. Provisions Final. Contract Review Process.

About Course Provider

London Training for Excellence offer a wide range of training courses in London for organisations and individuals who wish to advance their skills and knowledge in the business world. With a great training centre in London, London TFE have everything that is needed to understand the basic needs of a business. Each course focuses on the ‘real-life’ issues a business could face and how to tackle them with ease.

London TFE have a team of enthusiastic leaders and instructors who share a passion for education and want to deliver that same passion to every individual who wish to take a business to succession. Each training courses London encourages individual to aim high and reach their full potential.