Managing & Negotiating with Consultants & Contractor
Overview
All types of organizations use Consultants and Contractors to achieve their projects and operations, and in some up to 85% of project expenditures are on them. Therefore, managing those individuals (or companies) is essential to their success
Programme Objectives
Upon completion of this seminar, participants will understand:
- The critical differences between Contractors and Consultants
- How to choose Consultants and Contractors
- The importance of developing a clear Statement of Work
- How to evaluate proposals and bids
- Structure and application of incentive arrangements
- Terms & Conditions that will protect your company
- Planning and Strategy of Negotiation with Consultants and Contractors
- Contract Administration
- Monitoring and measuring the performance of Consultants and Contractors
Core Competencies
- Sourcing Consultants & Contractors
- Managing the tender process
- Setting the scope of work
- Understanding costs & price
- Selecting contract clauses
- Setting negotiation strategies
Training Methodology
This seminar will utilize a combination of traditional style lectures, interactive syndicate work, case studies, exercises, group discussions, videos, and discussions of real life examples.
Programme Outline
Day 1:
- Defining the Difference between Consultants and Contractors
- Defining the Relationship with Consultants and Contractors
- Understanding the Rights & Obligations of the Parties
- Consultants & Contractor Firms Pricing Strategies
- Sourcing & Qualifying Potential Consultants and Contracting Firms
- Defining the Scope
- Invitations to Tender (ITT)/Requests for Proposals (RFP)/Requests for Quotation (RFQ)
- Proposal/Bid Evaluation
- Contract Pricing & Price Adjustments
Day 2:
- Price Analysis of Proposals/Bids
- Cost Analysis of Proposals/Bids
- Negotiations Strategies and Techniques
- Model Contract Formats
- Financial considerations
- Progress Reporting and Payment
- Termination of Contract
- Confidential Information & Non-Disclosure
- Insurance Coverage
Day 3:
- Intellectual Property Rights
- Place of Performance
- Independent Consultant/Contractor Status
- Warranties and Representations
- Restrictive Covenants
- Awarding of Contract
- Monitoring and Measuring Consultant Performance
- Monitoring and Measuring Contractor Performance
- Contract Administration