Procurement and Contract Management
|Lecture hours per week||3|
|Lab hours per week|
The course is designed to help participants manage the procurement aspects of projects. Topics covered include planning the procurement process, developing procurement Scope of Works, Request for Proposal (RFP), supplier selection, competitive bidding, price negotiation, teaming arrangements and subcontractor management. The course also covers selecting the proper contract type and explains the strengths and weaknesses of all possible contract approaches. Managing procurement risks is given in-depth treatment. The related legal aspects of project procurement are also covered.