Courses
Developing a Project Contracting Strategy
There’s immense value in developing project specific contracting strategies that defines how a project will approach the market for services, equipment and materials. The project contracting strategy must allow the contractors and suppliers to achieve reasonable profit margins while ensuring a good performance.
This learning offer from costmap Academy will train you to understand how a contracting strategy is developed in a cross-functional team.
Duration
Delivery Method
Who Should Attend
Duration
3 days
Delivery Method
Virtual/Classroom/Digital
Who Should Attend
Procurement professionals at all levels, line professionals, finance professionals, and anyone involved in internal or external negotiations.
Key Learnings
- How should the team be constituted to develop a project contracting strategy What roles are essential to be included?
- At what stage of the project should a contracting strategy be developed?
- How to specify demand for the project?
- How does aggregation and dis-aggregation of demand affect the outcome?
- How critical is time management for project Procurement?
- Are you operating in a buyer’s market or a seller’s market?
- Who all are the key stakeholders in a contracting strategy development process?
- What is wreck analysis?
- What is relation between scope definition and contractor claims?
- And many other important questions related to project contracting strategy
- Why is “timely performance “so critical in project Procurement? What the contractual deterrents to delays?