picture

Procurement And Contract Management (PM68)
It focuses on giving participants the necessary knowledge and processes to be able to understand one’s role in project procurement and read and review contracts.
You will learn how to apply a logical, systematic and comprehensive approach to reading, managing and implementing a contract so that you are confident you fully appreciate what is required of you, your team, and the other contracting parties, to satisfy the legal obligations laid out in the contract
       
Duration : 3 days Contact Hours : 21    
       
Course Mode
Lectures, Group Discussion & Exercises
       
Target Audience
This course is tailored for Project Managers, Project Leaders, Project Controllers, Contract Manager, Construction Manager, Offshore Managers Contract Administrator, Procurement department (involved in Project only) & Sub-Contract Department (involved in Project only).
       
Course Outline
  • Their role in Procurement & Contract Management
  • Processes involved in contract
  • What has been agreed between the contracting parties
  • What the legal obligations and responsibilities of each are
  • The allocation of risk between the contracting parties
  • What the consequences will be if either party do not comply with the contract
  • Grasp the importance of being proactive in: establishing a project plan; monitoring work and progress; and managing risk
  • Being aware, alert and taking ownership to ensure contracts are adhered to
       
Course Overview
Procurement Processes
Project Manager’s role in procurement
Importance of being proactive in establishing a project plan
Involvement in Project Plan
Conduct Procurements
Award Contracts
Contracts
Consequences: if failed to satisfy contractual obligations; exclusion clauses, indemnity clauses, limitation clauses (warranty, liquidated damages, limit of liability etc)
Risk Management
Dispute Resolution
Enforcement Proceedings
Close Procurements