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
- Managing the Risk
Evaluation and Contract Preparation
- Basic Contract Types
- Economic Price Adjustments
- Developing Tender Evaluation Criteria
- Value Model of Total Cost of Ownership
- Electronic Evaluations
- Technical & Commercial Evaluations
- How Do You Know You Got a Good Price?
- Requesting Cost Breakdowns and Evaluations of Cost Breakdowns
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
Additional Important Contract Clauses
- Today’s Challenges Regarding Force Majeure
- Applicable Law
- How To Deal with Contract Changes
- Payment Considerations
- Methods Of Payment
- Advance Payments
- Progress Payments
- Letters Of Intent
Preparing the Contract for the Completion
- Status Reporting Clause
- Buyers Rights before Performance is Due
- How Contracts May End
- Termination for Convenience
- Types of Bonds & Guarantees
- Disputes Resolution Provisions
- Other Contract Clauses List
- Final Contract Review Process