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 seminar 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.

About Course

Included in the vast number of topics that brings increased professionalism to these important functions are:

• Elements of a good procurement & competitive bidding process
• Developing high quality specifications
• Developing tender evaluation criteria
• Selecting the right contracting strategy
• Contract preparation
• 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