Tendering, Bidding & Contract Award

Introduction

Covers structured tendering and evaluation processes.

Objectives

• Prepare tender documents
• Manage bid evaluations
• Support fair contract awards
• Strengthen governance

Target Audience

·         Procurement staff

·          contract engineers

·          project teams.

5-Day Scientific Program

Day 1

• Project financial lifecycle
• Cost estimation fundamentals
• Budget development
• Financial governance

Day 2

• Cost control and tracking methods
• Earned value concepts
• Variance analysis
• Forecast updates

Day 3

• Cash flow management in projects
• Payment milestones
• Financial risks in projects
• Mitigation strategies

Day 4

• Change management and financial impact
• Claims and variations (financial perspective)
• Reporting and approvals
• Stakeholder communication

Day 5

• Case studies
• Lessons learned
• Project finance toolkit
• Improvement action plan