Education and Services Hub

Course Title:

Course ID:

050824 0101 2840ESH

Course Dates :

05/Aug/2024

 To

09/Aug/2024

Course Duration :

5

Course Location:

London

United Kingdom

Course Fees GBP £ :

Primary Price

£4,555.99

VAT may vary depending on the country where the course or workshop is held

Course Fees USD $:

Advisory Price

$5,829.09

VAT may vary depending on the country where the course or workshop is held

Course Category:

Professional and CPD Training Programs

Construction Management, Contract, Tendering, Budgeting, Estimating

Course Certified By:

* Professional Training and CPD Programs
Leading to : Executive Diploma Certificate
Leading to : Executive Mini Masters Certificate
Leading to : Executive Masters Certificate

* ESHub CPD
* LondonUni - Executive Management Training
* Others

United Kingdom

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.

Course Information

Introduction

There is one absolute fact of construction situation: “Over half of all contracts of construction projects and up to thirty per cent of other supplier contracts involve disputes”. The causes for disputes invariably go back to the misunderstanding of applying the clauses of contracts, agreements, specifications and tendering laws from the clients’ side during the construction. This could affect most of the construction projects in the Governmental Projects in GCC. Contracts can result in buying the wrong service or product at the wrong price – and that can seriously harm the Governmental projects. Avoid mistakes in Construction Contracts shows best practices and create winning contracts by attending this training course.

Tendering is fundamental to any project, and selection of the main construction contract is a critical and vital task. The success level of any construction project may be depending largely on basic philosophy of "the right Selection of the Consultants and Contractors". The significant role played by contractors thus underscores the criticality of identifying the "best person" for construction contract. Several researchers have identified commonly used Models for Tendering Management and have proposed improved methodology for consultants’ and contractors’ evaluation during construction stage.

Objectives

Upon completion of this training course, participants will know:
• Be able to understand the process by which a comprehensive scope of work, goods and services can be developed into a contracted scope.
• Be able to understand the roles and responsibilities within the process.
• Be able to recognize and incorporate the essential technical, commercial and general requirements of the goods and / or services to be provided by a Main Contractor or Service Provider under a traditional EPC type contract.
• Understand the development of an RFQ (request For Quotation) RFT (request for tender) and Pre-Qualifications.
• Understand important aspects of price, cost analysis and the insight of a skillful negotiator.
• Be able to understand the process by which tenders are compiled and bids are obtained for a competitively priced scope of work.
• Be able to understand the procedures by which tenders are invited, evaluated, negotiated and awarded.
• Be able to understand the fundamental legal concepts and definitions that apply to most types of contracts, specifically, binding terms and conditions, breach of contract, change management and dispute resolution.
• The process of developing and selecting the most appropriate and effective types of Contracts.
• Understand the different legal needs between Strategic Partners, Vendors and Outsourcing and how to handle legal conflicts.
• Be able to identify and manage any risks associated with contract types
• To understand how contracts can be managed and administered effectively using transparent contracting procedures such as Requests for Information (RFI)
Technical Queries (TQ’s) Contract Administrators Instructions (CAI) Design Change Notices (DCN’s) Scope Change Notices (SCN’s) and variation orders (VO’s).
• To recognize how contractor claims can develop and escalate, and how to incorporate procedures by which such claims cam be limited and controlled.
• To understand the main contractual requirements and conditions relating to the closure of the contracted scope in respect of the contractual Deliverables provided and Client Acceptance.

Who Should Attend?

This course is recommended for the staff who are involved with the construction stage of projects or even with the maintenance and repair of operations:
• Project Managers,
• Purchasing Officers,
• form an projects distribution,
• Contract Administration Professionals,
• Tendering Personnel,
• Purchasing Personnel,
• Engineering Personnel,
• Operational Personnel,
• Financial Personnel,
• Maintenance Professionals, and
• All others who are involved in the planning, evaluation, preparation and management of tenders, specifications, awards, and contracts.

Training Method

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a 7” Tablet containing a copy of the presentation, slides and handouts
• Post-assessment

Program Support

This program is supported by:
* Interactive discussions
* Role-play
* Case studies and highlight the techniques available to the participants.

Daily Agenda

The course agenda will be as follows:
• Technical Session 08.30-10.00 am
• Coffee Break 10.00-10.15 am
• Technical Session 10.15-12.15 noon
• Coffee Break 12.15-12.45 pm
• Technical Session 12.45-02.30 pm
• Course Ends 02.30 pm

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.

Week 1

Day One

1. INTRODUCTION TO CONSTRUCTION INDUSTRY
• Construction Industry
• Construction Project
• Selection of Professional Services
• Construction Contractors
• Project Life Cycle
• Project Construction Contracts
• Contractors Selection Methods
• Tendering Methods and Procedures
• Management of Field Construction
• Project Manager
• Management Procedures

Workshops – Introduction
Workshops 1-8: Different Topics about the Construction Industry

2. INTRODUCTION AND OVERVIEW OF TENDER DOCUMENTS
1. Document (I) Tendering Procedure:
I-1 Tender Invitation
I-2 Instructions to Tenderers
I-3 Form of Tender and Appendix
I-4 Sample of Initial Bond
I-5 Sample of Performance Bond
I-6 Form of Contract
I-7 List of Tender Documents
I-8 Declarations

2. Document (II) Conditions of Contract:
II-1 General Conditions (Legal Clauses and Conditions).
II-2 Particular Conditions
II-3 Tenders Law

3. Document (III) Technical Conditions:
III-1 General Specifications
III-2 Particular Specifications
III-3 Drawings
III-4 Bills of Quantities
III-5 Price Analysis Tables
III-6 Project Time Schedule
III-7 Addenda (if any)
III-8 Technical Requirement (if any)

Workshops – Tender Documents
Workshops 9: Tender Documents Preparation

3. TENDERING PROCEDURES ACCORDING TO FIDIC
• Project Strategy
- Establishment of Procurement Method and Form of Tendering
- Preparation of Programs
• Prequalification of Tenderers
- Preparation of Prequalification Documents
- Invitation to Prequalify (Advertisement)
- Issue and Submission of Prequalification Documents
- Analysis of Prequalification Application
- Selection of Tenderers
- Notification of Applicants
• Obtaining Tenders
- Preparation of Tender (Contract) Documents
- Issue of Tender Documents
- Visit to Site by Tenderers
- Tenderers' Queries
- Addenda to Tender Documents
- Submission and Receipt of Tenders
- Change Order
• Opening of Tenders
- Opening of Tenders
• Evaluation of Tenders
- Review of Tenders
- Tenders Containing Deviations
- Adjudication of Tenders
- Rejection of all Tenders
• Award of Contract
- Issue of Letter of Acceptance
- Performance Security
- Preparation of Contract Agreement
- Notification of Unsuccessful Tenderers

Workshop – CASE STUDY
Workshops 10: FIDIC Regulations in Tendering Procedures

4. INTRODUCTION TO TENDERING METHODS
• Open / public tendering
• Selective / short list tendering
• Serial tendering
• Negotiated tendering
• Direct order tendering
• Delegation tendering

WORKSHOP – CASE STUDY
Workshop-11: Tendering Methods

5. INTRODUCTION TO CONSTRUCTION DELIVERY METHODS
• Design-then-build method (traditional method)
• Fast tracking method
• Design-build method
• Construction management method
• B.O.T. & P.P.P. methods
• EPC & EPCC
WORKSHOP – CASE STUDY
Workshop-12: construction delivery methods

Day Two

6. THE ARRAY OF CONSTRUCTION CONTRACTS
• Definitions
• Why are Construction Contracts unique
• Types of Construction Contracts
- Unit Price Contracts
- Lump-Sum Contracts
- Cost Reimbursement Contracts
• Project Construction Contracts
• Methods of Contracting

WORKSHOP – CASE STUDY
Workshop-13: Suggestion of new effective contract type

7. CONTRACT DEFINITION
• Contract definition & scope
• The functions of a contract
• The importance of contracting
• History of contracts
• The future of contracting
8. SPECIFICATIONS
• Specification types
• Elements of a specification
• Benefits of a good specification
• Developing specifications
WORKSHOP - STRUCTURING THE SPECIFICATION Workshop-14: Tender Documents Preparation

9. FAMILIARIZATION AND INTERPRETATION OF INSTRUCTIONS FOR GOVERNMENTAL TENDERING LAWS WORKSHOP – TENDERING LAW
Workshop-15: Weaknesses and Recommendations for Improvement

Day Three

10. MODERN METHODS FOR TECHNICAL TENDERS EVALUATION
• Classification of Methods for Contractors Selection
- Cost Methods for Contractor Selection
✓ The bid of lowest cost method
✓ Bid Average Method
- Technical Evaluation Methods for Contractor Selection
- Combined Technical and Cost Methods
- Cost Plus Time for Contractor Selection
- Cost and Technical Plus Time Bidding Technique
• EVALUATION OF COMPETITIVE BIDS
WORKSHOPS – SAMPLES
Workshop-16: CONTRACTORS/VENDORS TECHNICAL EVALUATION
Workshop-17: CONTRACTORS/VENDORS FINANCIAL EVALUATION

11. PROPOSED METHODOLOGY FOR CONTRACTORS SELECTION
• Introduction
• Criteria Affecting Competitive Bidding
• Parameters of Bid Evaluation Criteria
• Financial Evaluation Criterion
• Measures of Parameters Affecting Technical Evaluation
- Experience and reputation of the contractor
- Contractor Qualifications
- Submission of Alternative Offers
- Foreign Companies
- Type of Contractor Company
- Completeness of Bid Documents
• Measures of Parameters Affecting Financial Evaluation
12. PROPOSED METHODOLOGY FOR COMPUTER PROGRAMMING FOR CONTRACTOR SELECTION
• Computer Programming and Implementation
- Program Development
- Program Main Screens
- Program Implementation
WORKSHOP – SAMPLES
Workshop-18: Methodology for Contractors Selection

Day Four

13. STANDARD FORMS OF CONTRACT USED INTERNATIONALLY
• The FIDIC Forms of Contract: The White; The 4th Edition of the Red Book; The
3rd Edition of the Yellow Book; The Orange Book; The New Red Book, 1999; The New Yellow Book, 1999; The Silver Book, 1999; The Green Book, 1999; and Dredging Contract
• Variation based on FIDIC, including the MDB Contract
• The World Bank Forms of Contract: Services; Works; Small Works; Goods; and Plant & Equipment
• Variations based on FIDIC
14. BIDDING STRATEGY
• DEFINITION OF BIDDING STRATEGY
• ELEMENTS OF BIDDING STRATEGY
- Risk
- Terms of Contract and Cash Flow Curves
- Competition
- Other Qualitative Elements
• BIDDING STRATEGY MODELS
- Risk Analysis Models
- Terms of Contract and Cash Flow Curves Models
- Competition Models
WORKSHOP – SAMPLES
Workshop-19: Methods for Project Pricing
15. DATA BASE FOR TENDERING
• Introduction & Objectives
• Overview of Tender Documents
• Standard Deliverables
• Required Resources
• Historical Data & Databases
• Liaison With Other Departments
16. TENDER ANALYSIS & AWARD
• Opening of Tenders (Public Vs. Closed Session)
• Technical Evaluation
• Financial Evaluation
• Short-Listing & 2nd Round Sessions
• Determination of Successful Tenderer
• Tender Award Procedures
17. PROJECT COST ESTIMATING
• Introduction to Cost Estimating
• Role and Qualifications of Cost Engineer
• Types of Cost Estimating
- Conceptual (Preliminary) Estimating
✓ Conceptual Estimating Work Process
✓ Comparison Cost of Structures
✓ Factors Affecting the Accuracy of Cost Prediction
- Detailed Estimating
• THE FINAL PROJECT COST ESTIMATES
- The Quantity Survey
- Construction Methods
- General Time Schedule
- Project Bid
- Summary Sheets
- Project Overhead
- Office Overhead
- Markup
- Contract Bonds
- Risks and Contingency
- Interest
- Recap Sheet
• PROJECT BUDGETING
- The Project Budget
- Development of Project Estimates for Budgeting
- Budgetary Control
- Advantages of Budgeting
• UNBALANCED BIDS
• SETTING OF A COST ESTINATE MODEL
- Design and Economic Evaluation
- Uncertainty
- Quality of Estimate
- Cost Planning
- Parametric Estimating
- Cost Estimate Model Development
• COST ESTIMATE COMPUTER PROGRAM
18. UNBALANCED BIDS
• Unbalancing to Obtain Greater Early Income
• Unbalancing to Obtain Greater Profit
• Unbalancing for Convenience
• Unbalancing to Reduce Total Bid
19. MANAGING CONTRACT CHANGES
• Price variations
• Conditional acceptance
• Amending the contract
• Documenting the change orders


Day Five

20. CONSTRUCTION PROJECT PRICING
• Pricing for Construction Contracts
• Contractor's Gross Profit with Different Contract Provisions
• Owner's Actual Payment with Different Contract Provisions
• Contractor's Gross Profit with Different Contract Provisions
• Owner's Actual Payments under Different Conditions
21. MEASURING PERFORMANCE
• Why measure performance
• What to measure
• How to measure
• Feedback to suppliers regarding performance
22. THE PROJECT COST CONTROL
• Objectives of Cost Control
• Project Cost Control
• Data for Estimating
• Cost Control Code
• Usage of Cost Control Code
• Project Cost Accounting
• Labor and Equipment Costs
• Cost Accounting Reports
• Labor Time Reporting
• Time Card Preparation
• Measurement of Work Quantities
• Work Quantities from Network Activities
• Weekly Labor Cost Report
• Cost Records and Reports
• Equipment Cost Accounting
• Charging Equipment to the Project
• Equipment Time Reports
• Weekly Equipment Cost Reports
• Special Aspects of Equipment Charges
• Monthly Cost Forecast
• Time-Cost Envelope
• Special Cost Accounting Problems
• Production Cost Reduction
• Information for Estimating
• Computer Application
• Accuracy of Estimating

WORKSHOP – EXAMPLE OF COST CONTROL
• CASE STUDY 10: SABIC PROJECT COST CONTROL
23. CAPITAL EXPENDITURES (CAPEX)
• Bases of Accounting and Methods and Principals
• Capital Structures
• Rules for Recording Transactions Using Debit and Credit
• Financial Statement Analysis
• Techniques of Financial Analysis
• The Income Statement
• The Balance Sheet
• The Statement of Owner’s Equity
• The Basic Types of Financial Ratios Analysis
- Liquidity ratios
- Asset management ratios
- Debt management ratios
- Profitability ratios, and
- Market value ratios
- Inventory Turnover Accounts Receivable Turnover
- Total Assets Turnover
• Measures of Debt
• Financial Leverage
• Ltd / Equity Ratio • Times Interest Earned.
• Fixed Charge or Total Debt or Cash Flow Coverage
• Measures of Profitability
- The gross profit margin
- The operating profit margin
- The net profit margin
- Return on Investment (ROI)
- Return on Assets
- Basic Earning Power (BEP)
- Return on Equity
• Measures of Market Value

WORKSHOP – EXAMPLES OF CAPEX
• CASE STUDY 11: CAPEX DIFFERENT CASE STUDIES
24. MANAGING DISPUTES AND CLAIMS
• Avoiding disputes
• Resolving disputes
• Managing Claims for Payment by Suppliers
25. PROJECT COMPLETION
• Liquidated & un-liquidated damages
• Documentation, training & spares
• Warranties
• Retentions

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.