Scheduled Dates
| Date | Venue | Fees | |
|---|---|---|---|
| 02 - 13 Nov 2026 | London - UK | $ 11,900 | |
| 01 - 12 Nov 2027 | London - UK | $ 11,900 |
Modules
This training course is split into the following modules:
Module I - Procurement Management of Equipment and Works for World Bank Aided Projects
Module II - Contract Risk Management & Compliance
Course Outline
Module I: Procurement Management of Equipment and Works for World Bank Aided Projects
Day 1
The World Bank’s New Procurement Framework
- The World Bank and its five organisations
- World Bank procurement policy aims and objectives
- The World Bank’s six stage project cycle for funded projects
- Core principles in the new procurement framework
- A new emphasis on value for money
Day 2
The World Bank Project Procurement Strategy for Development (PPSD)
- Preparing the draft PPSD
- Selecting an appropriate PPSD template
- Strategic assessment of the borrower’s operational context and capability
- Developing the PPSD supplier market analysis
- Carrying-out a procurement risk analysis
- Turning a needs assessment into development objectives
Day 3
Developing the Borrower’s Procurement Plan
- The procurement cycle
- Common abbreviations and defined terms
- Designing the procurement approach and objectives
- Defining the requirements and writing the specification
- Working with stakeholders to develop the procurement plan
- Securing the bank’s “No objection”
Day 4
Competitive Bidding under the New Procurement Framework
- Important regulations about International Competitive Bidding (ICB)
- Approved selection methods
- Using World Bank’s Standard Procurement Documents (SPDs)
- Request for Bids
- Request for Proposals
- Use of BAFO and Negotiation
- Innovative Selection arrangements
- Competitive dialogue
- Public private partnerships
- E-Auctions
- Community driven development
- General and special conditions of contract
- INCOTERMS
Day 5
Running an Effective Procurement for a World Bank Aided Project
- Evaluation of Supplier Bids and Proposals
- The “Substantially Responsive” Bid
- Qualifying criteria, pre-qualification and initial Selection
- Using rated criteria
- Life cycle costing and other financial evaluation techniques
- Selecting the most advantageous bid or proposal
- Managing complaints and use of the standstill period
- Contract implementation to deliver value for money
- The contract management plan
- The bidder perspective
Module II: Contract Risk Management & Compliance
Day 6
Types and Management of Risk
- The Need for Contractual Relationships
- Defining Risk
- Categories of Risk for Both Sides of a Contract
- Risk Assessment Processes
- Managing Risk Before and During the Contract
- Qualifying Suppliers
- Negotiating Terms that Carry Risk
- Internal Control and its Proportionality
Day 7
Minimizing and Transferring Risk
- Transferring Risk through Contract Types
- Firm Fixed Price or Lump Sum Contracts
- Cost Reimbursable Contracts
- Incentive Contracts
- Award-Fee Pricing Arrangements
- Terms, Conditions and Warranties
- Indemnities and Cross Indemnities
- Insurance and Guarantees
Day 8
Risk Related Terms & Conditions in a post-Pandemic World
- External Events
- Force Majeure
- Strikes and Other Labour Disputes
- Risk and Title
- Use of ICC Incoterms
- Assignment, Novation and Re-Negotiation
- Other Clauses that Need to Flow Down to Sub-contractors
- Risks Associated with Sub-Contractors
Day 9
Dealing with Financial Risks
- Controlling Risk Associated with Payments
- Currency Risk
- Economic Risk
- Fraud and Corruption
- Limiting or Excluding Liability
- Distinctions between Liability in Contract, and the General Law
- Gross Negligence
Day 10
Remedies When Bad Stuff Happens
- The nature of contractual remedies generally
- Mistakes and Misrepresentations
- Impracticability of Performance
- Types of Remedies
- Liquidated Damages
- Warranties
- An Overarching View of Dispute Resolution
- Review of Course, Questions and Answer Session
Certificates
- Upon successful completion of this training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance
Providers and Associations
