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Managing Tenders, Specifications & Contracts

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  • Overview ImageOverview
  • Outline ImageCourse Outline
  • Scheduled ImageScheduled 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
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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
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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.

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London

London

$4,900


Duration: 5 Days

date: 06 - 10 Jan 2025

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London

London

$4,900


Duration: 5 Days

date: 07 - 11 Apr 2025

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London

London

$4,900


Duration: 5 Days

date: 07 - 11 Jul 2025

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London

London

$4,900


Duration: 5 Days

date: 06 - 10 Oct 2025

Register Now
  • Contract and Project Management

Managing Tenders, Specifications & Contracts

Duration:5 Days

date:06 - 10 Oct 2025

London

London

$4,900


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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.

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Managing Tenders, Specifications & Contracts

  • United KingdomLondon
  • calendar06 - 10 Oct 2025
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  • United KingdomLondon
  • 06 - 10 Oct 2025
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