Tender, Specification & Contract Management Course

Overview
Course Outline
Scheduled Dates

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.

Objective:

Discuss Elements of Good Procurement Process
Develop methods of Contractor Performance Measurement
Learn methods of Tender Evaluation
Review Contract Strategies
Explore steps in Developing Performance Based Service Contracts
See examples of important commercial Contract Clauses
Be presented the Essential Elements Of A Contract
Be given examples of Contract Checklist

Course Outline

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

Schedule & Fees

3 For 2Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

Select Month

All
January
April
July
October

Location

All
London

London

$4,900

Duration: 5 Days

date: 06 - 10 Jan 2025

London

$4,900

Duration: 5 Days

date: 07 - 11 Apr 2025

London

$4,900

Duration: 5 Days

date: 07 - 11 Jul 2025

London

$4,900

Duration: 5 Days

date: 06 - 10 Oct 2025

Contract and Project Management

Managing Tenders, Specifications & Contracts

Duration:5 Days

date:07 - 11 Jul 2025

London

$4,900

CPD Standards

Employees of professional or formally regulated bodies are generally expected to have CPD accredited training. This type of accreditation ensures that the training is knowledgeable, informed and constantly updated. It ensures our standards as a company are kept high and consistent.

100000+ Members in
59+ Countries with
3000+ Chapters

Why Choose London Training For Excellence?

Reliability

We will never cancel a confirmed booking
Support

We offer around the clock support
Tailored

We customise our courses to suit your personal learning needs
Quality

Our courses are delivered by highly experienced industry experts
Recognition

All our courses are accredited by the CPD Standards Agency

Frequently Asked Questions

How can training courses be used as a company benefit?

Training is hugely beneficial to both yourself and your company. It enables you to employ new technologies, increases your productivity and enables you to be more autonomous. Have a look here at our infographic on the importance of training and development!

How often do you update your course content to ensure relevancy?

Our course content is constantly reviewed and updated to ensure we stay up to date with all the latest trends. After every course is completed we review the feedback and improve the material where necessary.

Do you keep your classroom environment and instructional methodologies current with today’s real-world workplace?

Yes, we focus our training on ‘real-world’ scenarios and our trainers are all highly experienced and skilled in their relevant fields.

Are your courses eligible for professional certification?

Yes, we offer certification with all our courses, every course is entitled to CPD (Continuous Professional Development) hours which you can put towards your professional portfolio.

Get In Touch Today