Code Date Venue Fees
MM032 12 - 16 Sep 2021 Dubai - UAE $4,950 Register
Home » Seminars » Purchasing, Logistics & Supply Chain Management » Advanced Tendering Procedures & Bid Evaluation

Introduction

This GLOMACS Advanced Tendering Procedures & Bid Evaluation training course will examine all the input that has influence and direct impact on tendering procedures and bid evaluation. The key elements include understanding business need, market analysis, supply chain cost modelling, contracting strategy, and contract award up to and including contract initiation. It introduces a methodology in classifying the 3rd party goods or services for an organization into categories based on supply risk to spend value. Then a methodology will be introduced to help assign the best-fit market approach to a particular category or its sub-category. All of these will lead to the best-fit tendering procedures and bid evaluation.

When should we play it safe by only allowing experienced and proven suppliers to bid? When and how can we develop new suppliers? What are a fit-for-purpose suppliers selection process? How best to master a tender negotiation? How to handle (or avoid) contract award disputes? How to meet the increasingly aggressive local contents requirements in developing countries? What is the unwanted by-product of chasing for localization targets? 

This GLOMACS training course will highlight:

  • Selecting the right market approach
  • Formulating the best-fit contracting strategy
  • Planning and managing a tender process
  • How to optimize the interaction between Requesting Departments and Procurement teams?
  • How to prepare for and conduct professional negotiation with suppliers?

Objectives

By the end of this GLOMACS training course, the participants will be able to:

  • Classify 3rd party goods and services based on supply risk and value of spend
  • Determine the procurement strategy choices available for a given opportunity
  • Plan and manage a competitive tender process from A to Z
  • Identify, assess and make proposals on how to manage procurement risks
  • Create an appropriate evaluation methodology to judge bids and tenders
  • Evaluate vendor proposals from a technical and commercial perspective
  • Prepare for and conduct professional negotiation with suppliers
  • Handle the outcomes from a competitive bid process

Training Methodology

Leveraging world best practices proven in the real business, this GLOMACS Advanced Tendering Procedures & Bid Evaluation training course will be delivered by a recognized Contracts & Procurement Professional who has been involved in delivering complex projects around the world. Exercises, role play built on carefully designed case studies will maximize hands-on practice.

Organisational Impact

Impact on the organisation in attending this GLOMACS Advanced Tendering Procedures & Bid Evaluation training course is profound, including: 

  • Procurement becomes a competitive edge of the company
  • More effective and efficient procurement practices
  • Better-fit approach to the supplier market
  • Reduction in failed procurements, where contractors and vendors decline to participate in competitive procurements
  • Reduction in financial and other risks to the organisation, by making better contracts
  • Improvement in the performance of contractor performance, by choosing better contractors, and using more appropriate terms and conditions

Personal Impact

The impact of this GLOMACS training course to the participants are manifold and includes: 

  • Immediate new capability to articulate a structural contracting strategy
  • A greater sense of Professionalism
  • Updated with World-Class practices and trends
  • More exceptional ability to negotiate and manage contracts
  • Increased recognition by the organization because of bigger impact
  • Visible improved capability to seek buy-in from and impress senior stakeholders

Who Should Attend?

This GLOMACS Advanced Tendering Procedures & Bid Evaluation training course is suitable for a wide range of professionals but will greatly benefit: 

  • Engineering Project Professionals
  • Contract Professionals and Administrators
  • Contract Analysts
  • Contract Engineers
  • Specifiers, Buyers and Purchasing Professionals
  • Procurement Officers
  • Anyone involved in the preparation, evaluation, and management of commercial invitations to tender, requests for bids and proposals and contracts for the purchase of services, materials or equipment

Seminar Outline

DAY 1

Formulating the Contracting Strategy 

  • Classifying 3rd Party Spend into Categories
  • Market Approaches
  • Crafting the Contracting Strategy
  • Identifying and Mitigating Contracting Strategy Risks
  • Choosing the Best Contract Type, including
    • Lump-Sum Fixed Price Contracts
    • Unit Rate Contracts
    • Cost Plus Contracts
    • Day rate Contracts
    • Time and Materials Contracts

DAY 2

Best Practices in Tender Procedures 

  • The Tendering Process
  • Seeking Expressions of Interest
  • Pre-qualification Methodologies
  • Basic Accounting and Economics
  • Total Cost of Ownership
  • How to Prepare Internal Cost Estimate
  • What is the role of negotiation?

DAY 3

Optimizing the Tender Documents 

  • Contents of the Tender Package
  • Ensuring a Robust Specification and Scope of Work
  • Defining the Response, You Require from Bidders
  • Essential Clauses in the Draft Terms and Conditions
  • Bid Security, Performance Security in Public Tenders
  • Anticipating and Reducing the Risk of Scope Change

DAY 4

Managing the Technical and Commercial Evaluation 

  • The Purpose of Bid Evaluation
  • Lowest Price or Best Value for Money
  • Stages of the Evaluation
  • Clarifying Bids to Assist the Evaluation
  • Choosing Evaluation and Award Criteria
  • Bid Evaluation Approaches (One-envelop, Two-envelop, Online Bidding)

DAY 5

Managing the Contract Award and Initialization Stage

  • Communicating the Results – Internally and Externally
  • Working with Tender Bonds and Performance Guarantees
  • Dealing with Disputed Contract Awards
  • Operating under Pre-contract Letters of Intent
  • Managing Pre-contract Scope Changes
  • Initiating Contract


Certificate

  • On successful completion of this training course, GLOMACS Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor, will be awarded to the delegates
  • Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance

Share this Course:

Endorsed Education Provider

  • Quality Logo

In Association With

PetroKnowledge

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

Visit website

Send to Colleague

© 2020. Material published by GLOMACS shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


Sending your message. Please wait...

Send Successfully

There was a problem sending your message. Please try again.

Please complete all the fields in the form before sending.

Print Page

© 2020. Material published by GLOMACS shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


Sending your message. Please wait...

Close

There was a problem sending your message. Please try again.

Please complete all the fields in the form before sending.

Download PDF

© 2020. Material published by GLOMACS shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


Sending your message. Please wait...

PDF logo Click here to download PDF file
note: Cancel Print button to open or view PDF
Close

There was a problem sending your message. Please try again.

Please complete all the fields in the form before sending.

Download Training Calendar

Want to stay in touch with what's happening in Glomacs?
Join the conversation on our social media channels: