Procurement : Contract Principle and Administration

This course will provide attendees with comprehensive skills on contract principle in procurement & some other related issues. It will also cover Legal Issues & Aspects in contracting which nowadays becoming more common & do-able. In addition to those, negotiations in the procurement phase discussion will also equip all participants to perform on the day-to-day activities

Training Objective Procurement : Contract Principle and Administration

1. Understanding background of contrat principles
2. Understanding kinds of business contracts
3. Resolve problems that may arise in busines contract
4. Monitor a contractor’s performance
5. Apply remedies under the contract
6. Prepare contract modifications
7. Process a dispute, claim or termination
8. Authorize payments under a contract
9. Close out a completed contract

Out Line Training Procurement : Contract Principle and Administration

• Introduction :

• The Definition of the basic business contract
• Performance-based Service Contract
• Risk Management
• Types of Relationship Buyers-Sellers
• Contract Preparation
• Contract Tendering
• Contract Monitoring
• Problem Solving
• Contract Close-out
• Roles & Responsibility
• Exercises & Study Cases
• Legal Issues & Aspects in Contracting
  • The two Meaning of Contract
  • Create a Favorable Binding Contract
  • The Do’s  and Dont’s for Writing Effective Terms and Conditions
  • Drafting LOI without engaging you in unnecessary risks
  • Monitor and Enforce Rights that Survive close outs
  • Guidelines for Contract Interpretation
  • Questions & Answers session
• Developing Contractor Performance Tool
  • What to measure?
  • Contract Performance Measures
  • Development of Key Performance Indicators
  • Service Level Agreements
  • Monitoring of Contract Performances
• Negotiations in the Procurement Phase
  • Portfolio Analysis in Procurement: Value to Buyer vs. Number of Capable Suppliers
  • Negotiation started as early as the need to procure identified.
  • Negotiation Preparation of Contractor/ Supplier vs. Client/ Owner
• Contract Management and Negotiation
  • Contract as a Legal Documents vs. Agreement
  • Essential Terms of Contract
  • Contract Risks Management
  • Exercise : Contract Risk Identification and Mitigation Workshop
  • Contract Changes and Dispute Settlement
  • Claims