Effective Contract Preparation Training Courses -

Effective Contract Preparation

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Why Attend

The overall aim of this course is to provide participants with the knowledge, concepts and skills needed to perform all the tasks required in the pre-award phase of a contract. The course covers different contract types as well as the various contracting methods including bidding, competitive proposals and sole sourcing.

Participants in this interactive course will learn all the processes and activities required for the contract preparation stage and use them as enablers to develop an effective and comprehensive contract.

Course Methodology

This course relies on the use of individual and group exercises aimed at helping participants learn all key contract management activities. The course also features the use of a number of case studies, presentations and role plays by participants followed by plenary discussions. In addition, this course incorporates pre and post testing.

Course Objectives

By the end of the course, participants will be able to:

Outline the basic elements of contracting
Identify the major steps involved in contract preparation procedures including developing an effective scope of work, terms and conditions and sourcing strategy
Recognize different types of contracts and discuss several contracting strategies including pricing
Develop a pre-award negotiation plan in order to reach a win-win outcome
Use evaluation criteria to select the most appropriate contractors for the project

Target Audience

All those involved in any step of contract pre-award phase of the contracting process including personnel involved in determining the best contracting strategy, sourcing decisions and contract provisions necessary to ensure successful contract management. Meirc is assigned as a Registered Educational Provider (REP) with the Project Management Institute (PMI®). This program is worth 30 PDUs.

Target Competencies

Contract preparation
Writing scope of work
Planning pre-award process
Understanding bidding process
Understanding technical terms and conditions
Negotiating contracts

Associations

Project Management Institute (PMI)®: Gulf institute is designated as a Registered Educational Provider (R.E.P.) with the Project Management Institute (PMI)®. As a result, Gulf institute is authorized to issue Category Three Professional Development Units (PDU) that can be used for the authorization to take the Project Management Professional (PMP)® certification exam and for maintaining the PMP credentials.

PMI and PMP are registered mark of the Project Management Institute, Inc.

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Chartered Institute of Logistics and Transport (CILT): Gulf institute is an Approved Training Provider (ATP) in the region for the Chartered Institute of Logistics and Transport (CILT). Established in 1919, CILT is the world’s leading supply chain, logistics and transport professional body with over 33,000 members across the globe. CILT seeks to add value to individual and corporate members by enhancing their knowledge, careers, and businesses by setting, supporting and delivering professional standards and education in the fields of logistics, transport and supply chain. By attending Gulf institute’s CILT accredited courses, participants can earn CPD units as well as attain modular unit award courses that can be combined for international certification

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2019 - Location & Date

5 Days Course

No Schedules!
Please Contact Us if you have any queries..

Schedule for Me

2020 - Location & Date

5 Days Course

No Schedules!
Please Contact Us if you have any queries..

Schedule for Me

Fees

Per participant - 2020

USD 4,800

Fees + VAT as applicable

Tax Registration Number : 100239834300003

(including coffee breaks and a buffet lunch daily)

Discount Plans & Cancellations Policy

Meirc is assigned as a Registered Educational Provider (R.E.P.) with the Project Management Institute (PMI®).
This course is worth 30 PDUs.

Course Outline

Overview of contracts
- Objectives of contract management
- Elements of a contract
- Classical contract framework
- Problems in preparing and managing contracts
- Requirements of an offer
- Capacity and genuine assent
- Types of authority
Contract preparation
- Business case
- Acquisition planning
- Contracting methods; bidding, negotiation
- Drafting of scope of work
- Decision analysis worksheet
- Implications of poor scope of work
- Terms and conditions
- Determining sourcing strategy
Contract types and strategies
- 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 and development
  - Construction projects
  - Information technology
- Payment terms
- Pricing strategies
- Risk analysis
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

Contracts Management

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