Mastering Procurement Management & Contract Management

An Interactive 10-Day Training Course

Mastering Procurement Management & Contract Management

NASBA
Classroom Schedule
Date Venue Fees
03 - 14 Nov 2025 London $ 11,900
02 - 13 Nov 2026 London $ 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
  • On 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

Endorsed Education Provider

NASBA

In Association With

Frequently Asked Question:

For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.
Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions,on activities, and interactive Q&A sessions to maximize learning outcomes.

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.
You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.
GLOMACS offers both online andperson training options. You can choose from interactive virtual sessions or attend one of our globally locatedperson training courses. The flexibility ensures that learning fits your schedule and preferences.
Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability,recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.
GLOMACS is a globally recognized leader in professional training and development, with a reputation for deliveringquality,driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online andperson), and accredited certifications that add real value to your career.
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