Mastering Contracts and Tender Management

Overview

"Mastering Contract & Tendering Management" is a specialized course designed to provide professionals involved in procurement, project management, and contract administration with the necessary knowledge and skills to effectively manage the entire lifecycle of contracts and tenders. In today's competitive business environment, successful contract and tender management are essential for organizations to secure projects, mitigate risks, and achieve their strategic objectives.

Throughout this course, participants will delve into key principles, strategies, and best practices related to contract and tender management. Emphasis is placed on understanding the end-to-end process, from contract and tender preparation to negotiation, execution, and post-contract management.

Participants will learn how to identify and assess tender opportunities, analyze tender documents, and develop comprehensive bid proposals that meet the requirements of potential clients or buyers. The course covers techniques for conducting market research, assessing project feasibility, and preparing competitive bids that maximize the organization's chances of success.

Additionally, the course explores strategies for negotiating contract terms and conditions to achieve favourable outcomes for the organization while maintaining positive relationships with clients or suppliers. Participants will gain insights into contract negotiation techniques, risk assessment, and dispute resolution strategies to mitigate potential conflicts during the negotiation process.

Objective

• Developing negotiation skill sets to achieve the organization’s objectives
• Discussing important aspects of price and cost analysis
• Differentiating contract types and how they transfer risk
• Explaining how to deal with volatile materials pricing and contract risks
• Evaluating Performance-Based Service Contracting Methods