Contracts and Tenders Fundamentals - SC-41

Contracts and Tenders Fundamentals will provide attendees with a more strategic approach to contracting, along with numerous tools to use throughout the contracting process. When you leave this course, you will improve job performance through: 1) better alignment of contract process steps with supply needs; 2) better contracts; 3) fewer disputes and claims; and 4) better contract outcomes. Contracting involves many roles that must work together to achieve desired outcomes. Everyone involved in some element of contracting must understand the entire process, keys to success and what is required of their role. Materials and exercises are built around oil and gas industry issues to be more relevant to the needs of attendees.

Individuals involved in any aspect of sourcing, tendering, selecting, forming and executing contracts with suppliers of goods and services to the oil and gas industry. This includes supply chain roles such as contracting and procurement specialists, sourcing specialists, category managers, and logistics managers. The course is also intended for technical roles assigned to project work such as facilities engineers, drilling engineers, project engineers and coordinators, commissioning engineers, contracts engineers, planning engineers, asset managers, and legal trainees.

You will Learn:

• How to better manage project and legal risks in the contracting process.
• Key similarities and differences of the legal systems in global contracting.
• The key steps to avoid or successfully manage disputes and contract performance issues.
• How to initiate the tendering process and what is required in a tender package.
• How progress payments, currency terms and transportation terms can manage cost risks.
• How to identify the appropriate contracting strategy associated with fixed price and cost reimbursement contracts to minimize financial risks and contract costs
• The variety of pricing models used in supplier proposals and what strategies may be used to achieve fair market pricing outcomes.
• The difference between cost and price analysis and how to use each technique to evaluate a proposal
• How to more effectively use appropriate terms and conditions and some of the most common mistakes made today.