Contracts and Tender Management

by Ahmedabad Management Association Claim Listing

Contracts management is vital for project success and routine operations. Globalization, competition, increased economic and business uncertainty, technological advancements, environmental regulations and legislations have led to significant increase in the importance

$3200

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1 Day

Course Details

Contracts management is vital for project success and routine operations. Globalization, competition, increased economic and business uncertainty, technological advancements, environmental regulations and legislations have led to significant increase in the importance, volume and complexity of modern projects and contracts. The management of contracts determine the outcome – any defect, delay, failure, claims and the achievement of the time , cost and quality objectives.

The purpose of this programme is to develop a solid understanding of the contracts management process and the key elements of contracts planning, estimating and tendering, execution, monitoring, negotiations, financial analysis, risk management, legal issues, contracts formulation, procurement including outsourcing, international contracting etc.

To manage contracts effectively the participants need to understand contracts from start to finish- from contract formulation to completion. Contracting professionals skills and knowledge directly contribute to success and the growth of the organization and their career. The tools required to develop the contracting professional skills to fulfill their key responsibilities and to contribute to the success of the projects in which they are involved will be explored in the programme.

All contemporary issues in which contracts management operate and the practical techniques are presented and applied during the course to ensure that the participants gain a better understanding of their own real contracts and to achieve the required outcomes. Case studies will be an integral part of the course and emerging trends and practices in contracts management will be discussed.

 

Objectives of the Programme

  • Explain the way contracts planning, tendering, execution and monitoring is done.

  • Identify the legal issues

  • Devise strategies for managing contract risks

  • Prepare participants for negotiating business contracts

  • Explain the way commercial contracts are structured

  • Discuss the Financial issues in contracts management

  • Discuss Contract disputes and resolution

  • Ahmedabad Branch

    M D Marg, Ahmedabad

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