Project Procurement, Contracting & Tendering Course

Course Overview

Engaging the right suppliers, contractors, and consultants is a cornerstone for the success of large projects. The Project Procurement, Contracting & Tendering program is designed to equip participants with the skills to navigate the tendering process effectively, ensuring that only the most qualified parties are selected. This program emphasizes advanced selection criteria and methods, essential for achieving project success. By mastering these elements, attendees will be able to implement a well-managed tendering process, a critical component in project procurement, contracting, and tendering.

Target Audience

This program is ideal for:

• Project and procurement staff
• Contract managers
• Buyers and purchasing staff
• Construction managers
• Professionals involved in major contracting and subcontracting activities

If you're looking to expand your skills in managing complex procurement processes and contracts, this course is tailored for you.

Course Objectives

By attending the Project Procurement, Contracting & Tendering program, participants will:

• Apply the fundamentals of contract law to ensure legal compliance.
• Develop systematic processes and criteria for selecting suppliers, contractors, and consultants.
• Craft contracts that distribute risk fairly and equitably.
• Understand the bidding, tendering, and contract award processes.
• Select and administer the most appropriate contract types for various projects.
• Enhance negotiation skills to effectively negotiate contract terms and conditions.
• Develop project contracts that ensure compliance and mitigate cost overruns and late deliveries.

Key Outcomes

• Contract Law Mastery: Gain a solid understanding of fundamental contract law principles.
• Selection Excellence: Learn to formulate effective criteria for choosing external parties.
• Negotiation Skills: Develop robust negotiation strategies to ensure favorable contract terms.
• Risk Management: Craft contracts that balance risk and uphold project integrity.

Course Outline

Module 1: Fundamental Principles of Contracting and Contract Law 

• Understanding the description and legal obligations of contracts.
• Managing risks within contract frameworks.
• Exploring primary contractual elements and project procurement processes.
• Grasping the fundamentals of contract law and conditions of contracting.

Module 2: Contract Terms and Conditions & Tendering Processes 

• Conditions of contract and key clauses for consideration.
• Overview of contract performance, termination, and dispute resolution.
• Supplier sourcing, contract award, and administration processes.
• Stages of contract execution and administration.

Module 3: Contract Types and Compensation 

• Strategies for pricing arrangements.
• Exploring fixed price, cost-plus, and incentive contracts.
• Understanding the nuances of fixed price and cost-plus incentives.

Module 4: Contract Negotiation Strategy 

• Developing the ability to influence and manage conflicts.
• Identifying primary negotiation styles and power dynamics.
• Preparing for negotiations with a systematic approach.
• Crafting a detailed negotiation plan.

Module 5: Aligning Incentive Contracts with Earned Value Management 

• Implementing earned value control processes.
• Utilizing progress control charts and trend analysis.
• Forecasting schedule and cost variances.
• Tracking progress and monitoring project milestones.