6 Day Training - includes 1 day workshop - Euro Training Limited Training Programs, Workshops and Professional Certifications
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Domain Specific Job Skills & 1 Day Workshop

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6 Day Training (including 1 day Workshop)

Procurement Contracts Drafting, Administering & Managing

Building Skills & Competencies (including 1 day workshop) in

  1. Incorporating Supply Chain Cost Optimization

  2. Informed Risk-Cost Tradeoff

  3. Incorporating Long Term Contract Options

  4. Provisions Encouraging Value Engineering

www.eurotraining.com/bro/caa702-6.php

6 Day Training (including 1 day workshop)

Kualalumpur
20-25 Jan 2025
Dubai
3-8 Feb 2025
London
17-22 Feb 2025
New York
2-7 March 2025
Seattle, USA
16-21 March 2025
Istanbul
30 March-4 April 2025
New York
13-18 April 2025
Dubai
27 April-2 May 2025
Kualalumpur
11-16 May 2025
London
25-30 May 2025


Useful Links


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What is Covered in this Program

  1. Organizations need Inputs that help them produce the outputs as products or services. Garbage-in Garbage-out applies.

    This program will build Competencies and Skills in Procurement Contracts Drafting, Administering & Managing that helps achieve organizational operational and strategic objectives.

    This program will discuss provisions and administrative practices that lead to giving your organization an opportunity to Building Win-Win Partnership with High Performing Suppliers. The program discusses the provisions to consider in procurement contracts that will Build Flexibility for your organization to Take Advantage of any Contract period Emerging Advantageous Procurement Opportunities.
  2. This program will also discuss drafting and management methods that can help reduce the overall Supply Chain Costs so some of the benefit may come to your organization.

    A certain component of price lies in Risks associated with the transaction, this program discusses how to Draft in an Informed Risk-Cost Tradeoff in your Procurement Activities.

    This program will also discuss how to leverage Long Term Contracts and Options to reduce Total Procurement Costs.

    There may always be an opportunity available, or may arise during the contract period, that offers an opportunity to Increase Value for the Parties, this program will discuss the provisions that will help you open that door of opportunity.

Who Should Attend

  1. This program is intended for Procurement Professionals, Logistics Managers, Legal & Contracts Professionals and Managers.
  2. This program will also benefit Contract Managers, Finance Professionals and Operational Auditors.

Program Content & Modules

Procurement Contract Drafting, Administering & Managing


  1. Business Aspects of Organizational Procurement Activities
  2. Stakeholders & their Expectations
  3. Legal & Regulatory Aspects of Procurement
  4. Risks and Opportunities in Procurement
  5. Legal Default Risk Distribution between the Parties
  6. Legal Default Rights Over Arising Market Opportunities
  7. Understanding Typical Procurement Contract Conditions

    (1) Technical Specifications
    (2) Needs of Application
    (3) Inspection and Testing Requirements
    (4) Pricing
    (5) Allowed Price Fluctuations or Adjustments
    (6) Long Term Pricing Formulas
    (7) Contract Validity and Extensions
    (8) Packaging
    (9) Shipping
    (10) Importing & Customs
    (11) Delivery Conditions
    (12) Delivery Times
    (13) Acceptance and Rejection of Supplies
    (14) Quantity Changes and impact on Prices
    (15) Corrections in Supply Mistakes
    (15) Warranties
    (16) Guarantees
    (17) Delays
    (18) Delay Damages
    (19) Insurance
    (20) Indemnity from Supplier
    (21) Price Adjustments
    (22) Payments
    (23) Retentions
    (24) Taxes
    (25) Failure to Provide Warranty
    (26) Termination of Contract
    (27) Force Majeure
    (28) Ethics
    (29) Privacy
    (30) Audits & Investigations
    (31) Resolution of Disputes.
  8. For each of the Above Conditions if applicable

    (1) Understanding the Enforceable and Unenforceable Interpretation
    (2) Commercially Reasonable Interpretation if different
    (3) Possible Disagreements or Disputes
    (4) Win-Win Resolution of Disagreements or Disputes
    (5) Any Early Warning Signs of Emerging Problem
    (6) Possible Mitigation Opportunities
    (7) Notices and Communications to be sent to protect your interests
  9. Contract Conditions that can incorporate Supply Flexibility for Purchaser
  10. Contract Conditions that can Incorporate Any Benefit Sharing through Value Engineering Proposals
  11. Contract Conditions for Incorporating Long Term Contract Provisions
  12. Contractual Provisions to Support Opportunity to Build Long Term Relationships with High Performing Suppliers
  13. Contract Conditions that offer Opportunities for Supply Chain Optimization to Suppliers
  14. Contract Conditions that Allow Suppliers to Submit Additional Value Engineered Bids with Compliant Bids
  15. Contract Provisions for Bidders to Quote with Risk-Cost Tradeoff Prices
  16. Procurement Contract Drafting KPIs
  17. Procurement Contract Administration KPIs
  18. Procurement Contract Performance KPIs
  19. Data Analytics Based Meaningful Procurement Contract Performance Dashboards
  20. AI Modeling Supported Proactive Management Insight for Decision Making Support
  21. Program Recommendations & Next Steps
  22. Participant Customized Action Plan Outline

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