Contracts and Tender Fundamentals
19-08-2024 - 23-08-2024 | 4200 | Kuala Lumpur |
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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.
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:
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.
Managers and professionals involved in projects, contracts, purchasing, operations, maintenance, engineering, quality and other company activities that expose them or their staff to negotiations with contractors.
Introduction to Procurement
· Procurement Process
· Procurement Management Process
· Procurement Management Plans
· Procurement Planning
· Make vs Buy Decision
· 7 “Rights” of Procurement
· Procurement Delivery Systems
Introduction to Contracts
· Contract Systems
· Contract Types
· Contract Selection
· Standard Form General Conditions
· Contract Statement of Works
Procurement & Tendering
· Objectives of Tendering
· Solicitation
· Tender Preparation
· Tender Evaluation
· Probity
Understanding Contracts
· Things to note
· Contract documents
· Disclaimers/Releases/Indemnities
· Order of Precedence
Contract Administration
· Contract administration activities
· Roles in the Contract
· Contract Management Plan
· Avoiding accidental amendments to the Contract
· Our Obligations
· Information/Documents to be supplied to the  Principal/Owner
· Deliverables
· Management Systems & Contract Management
· Contract Requirements
· Managing Contractor Performance
· Contract Administration Jargon
· Change Control
· Contract Insurances
· Notices
· How to minimize prolongation
· Suspension
· Termination
· Time and Progress
· Claims & Disputes
· Delay/Prolongation Claims
· Variations
· Defects liability
· Payment claims and payments
· Disputes
· Contractor performance
· Closing the contract
· Overview of the contracting process
· Key issues in forming a contract in the oil and gas industry
· Establishing risk management priorities throughout the contracting process
· The legal environment and best use of legal counsel in contracting
· Avoiding and managing contract disputes in a challenging industry
· The tendering process and key documents in the tender package
· Buyer and seller pricing objectives to consider when tendering
· Tools used in tendering to address financial key risks
· Types of contracts and examples of industry applications
· Making better use of economic price adjustment clauses in place of lump sum agreements
· Bid evaluation and award considerations including price/cost analysis
· Key contract terms and conditions for oil and gas Industry
· Using a formal contract change control process
A variety of methodologies will be used during the course that includes:
· (30%) Based on Case Studies
· (30%) Techniques
· (30%) Role Play
· (10%) Concepts
· Pre-test and Post-test
· Variety of Learning Methods
· Lectures
· Case Studies and Self Questionaires
· Group Work
· Discussion
· Presentation
This rate includes participant’s manual, Hand-Outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day.
Daily Course Timings:
08:00 - 08:20 Morning Coffee / Tea
08:20 - 10:00 First Session
10:00 - 10:20 Coffee / Tea / Snacks
10:20 - 12:20 Second Session
12:20 - 13:30 Lunch Break & Prayer Break
13:30 - 15:00 Last Session