Project Procurement and Contracting

Course Description

The course is designed to help participants manage the procurement aspects of projects by exposing students on how to select the proper contract type, explaining the strengths and weaknesses of all possible contract approaches. It also deals with related legal aspects of project procurement as well as all spectrum of procurement, from both the customer's and provider’s viewpoints.

 

Course Outcome

• The student will reliably demonstrate the ability to:
  
• Explain project procurement management processes.
  
• Develop project procurement plan.
  
• Identify criteria of the bidder evaluation and selection.
  
• Classify contract types and negotiation strategies.
  
• Evaluate procurement risks.
  
• Determine how to control and monitor procurement projects.
  
• Assess contract closure procedures.
  

 

Course Content

• Planning the procurement process,
  
• Developing procurement Scope of Works,
  
• Request for Proposal (RFP),
  
• Supplier selection,
  
• Competitive bidding,
  
• Price negotiation,
  
• Teaming arrangements and subcontractor management
  

 

 Reference Text Book:

• McGraw H. (2014). World Class Supply Management, The Key to Supply Chain Management. 8^th ed. FMC Press, USA.
  
•  A Guide to the Project Management Body of Knowledge (PMBOK®) Fifth Edition 2013 Project Management Institute, Four Campus Boulevard, Newtown Square, PA 19073-3299 USA