Managing Tenders, Specifications & Contracts

The Procurement Journey: A PMI® Approved Course

Format availability:

In-Person, Online streaming

Duration:

5 Days

Introduction to the course

KC Academy's Managing Tenders, Specifications & Contracts training course provides delegates with an insight into how your organization can identify and use the most appropriate procurement strategy and discusses best practices in developing tender documentation, criteria and evaluation. This KC Academy training course focuses on how best to deal with critical contractual liability issues to minimize the risk exposure to your organization from cost and time overruns.

Many of an organization's costs are expended on the procurement of goods and services, mainly involving a global supply chain network, as is the case with most of today's industries and sectors. Using management best practice through the tendering and procurement process and in contract implementation is thus critical to ensuring cost and process efficiencies.

This KC Academy course will highlight:

  • The Use of Different Procurement Strategies
  • Best practice in the Procurement Process
  • Critical Issues in Developing Tender Documentation
  • Principal Contractual Liability Issues
  • Ways to Manage Performance Failures
  • Managing Claims and Resolving Disputes

Course details

At the end of this KC Academy course, you will learn to:

  • Identify the most appropriate procurement strategy
  • Evaluate tendering and procurement best practices
  • Assess and manage key contractual risks
  • Compare ways of dealing with performance failures
  • Evaluate the most appropriate seminar of action when disputes arise

In this KC Academy Managing Tenders, Specifications & Contracts training course, participants will gain more excellent knowledge through presentations by an experienced international practitioner designed to educate and challenge. Extensive use will be made of case studies and real examples of contracts. Open and instructive group discussions will also be facilitated, encouraging delegates to raise questions and share their own experiences.

Tendering and procurement processes can involve multiple phases, during which assessing the issues and how to deal with them can be a daunting task. Your organization will benefit by:

  • Expanding traditional procurement options to promote your organization's goals
  • Exploring the risks of using different types of contracting strategy
  • Developing best practices in the production of tender documentation
  • Enhancing internal capacity to assess and manage critical contractual risks
  • Ensuring better monitoring and managing of performance issues
  • Exploring alternative ways of reducing the impact of disputes

You will gain by participation in this KC Academy training course as a result of:

  • Broadening your knowledge of a variety of procurement strategies
  • Enhancing your understanding of best practices in producing tender documentation
  • Extending your knowledge of key risk areas and their management
  • Improving your knowledge of contract and relationship management
  • Developing your knowledge of monitoring and managing performance failures
  • Boosting your confidence in dealing with contractual issues and disputes

This KC Academy Managing Tenders, Specifications & Contracts training course will benefit a variety of personnel in your organization involved in any aspect of tendering, procurement and contract implementation. It will enable a broad range of disciplines to appreciate and understand tenders, specifications and contracts.

This training course is appropriate to a wide range of professionals, but will greatly benefit:

  • Tendering and Procurement Managers
  • Project and Contract Managers
  • Sales and Marketing Professionals
  • Project Management Professionals

Daily Agenda

DAY 1:
Procurement Strategies and Best Practice
  • Elements of Procurement Best Practice
  • Types of Procurement Strategy
  • Risk Management Process
  • Balancing Risk Through Contract Strategy
  • Supply Chain Risk Assessment
  • Exposure to Bribery and Corruption
DAY 2:
Developing Tenders and Specifications
  • Developing the Scope of Work and Specification
  • Selection and Evaluation Criteria
  • Cost and Price Analyses
  • Objectives of the Contract
  • Ancillary Documents and Issues
  • Negotiation Tools and Techniques
DAY 3:
Key Elements of the Contract
  • Principal Performance Obligations
  • Scheduling and Completion
  • Liabilities, Indemnities and Insurance
  • Ownership and Risk
  • Pricing and Payment
  • Governing Law
DAY 4:
Managing Change and Performance Failures
  • Assignment, Novation and Subcontracting
  • Implications of Varying Performance
  • Managing External Events
  • Performance-based Contracting
  • Default Mechanisms
  • Other Remedies
DAY 5:
Contract Claims and Completion
  • Types and Assessment of Claims
  • Tiered Dispute Resolution Mechanisms
  • Formal Dispute Resolution
  • Contract Close Out
  • Contract Review, Evaluation, Lessons Learned
  • Training Course Overview – Learning Outcomes

Professional certificate & Accreditation

This KC Academy Managing Tenders, Specifications & Contracts training course will provide tools, tips, and techniques for effectively resolving disputes to minimize cost and reputational risk exposure to your organization.

Frequently Asked Questions

There are no prerequisites. Our courses are open to students of all backgrounds who are 18 years of age and older. All courses are conducted in English. Video lectures include English subtitles and the option to slow-down, pause, or replay lectures for better retention. Discussion boards are a critical component of each of our courses; therefore, we suggest students have a conversational knowledge of English when pursuing a Certificate of Completion. For any of the art writing courses, students need to be 100% proficient in written English.

You should have an up-to-date web browser such as: Chrome, Safari, Firefox, or Internet Explorer. For more detailed information, please see the guides for supported browsers and basic computer specifications. Our Online Courses can be accessed on a mobile or tablet device, although we strongly encourage you to have access to a desktop or laptop computer and reliable internet connection for certain course components. Former students have told us it is easiest to read discussion threads and complete written assignments on a laptop or desktop computer.

Registration is available on our website. Just follow these simple steps: Click the “Apply Now” button in the top right corner of your screen. Select “Online Courses.” Choose your course(s). You will be asked for basic contact information and your credit card payment. We require full payment at the time of registration and all tuition is billed in US dollars. Be sure to check with your bank or credit card company, as your financial institution may charge a foreign transaction fee.

Our classes are kept small, at no more than 30 students, to better facilitate and encourage personalized interaction with the instructor and fellow participants. Your classmates come from all over the globe and contribute their global perspectives and experience. Some are currently working within the arts while others are just beginning. All classmates share in their passion for the art world.

It is recommended that you begin your course promptly. If you do need to start the course a few days late, contact your instructor as soon as possible after the course has opened to discuss your options. Registration closes on the Friday after the course begins.

Enroll now

Click on a date to enroll and save your seat
Dubai
31 Jul-04 Aug 2023
Fee: $5,950
Online streaming
16-20 Oct 2023
Fee: $3,950
Dubai
04-08 Dec 2023
Fee: $5,950
Course customization available
Course customization available

This training course is available to be conducted at your own page, at your own time. Request for a quotation now, our training advisor will contact you promptly

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