Why Attend This Training Course?

The decision to proceed with a project is often based almost exclusively on early conceptual cost estimates, and these estimates provide the basis for the cash flow projections and budget forecasts used during the project feasibility study. Unreliable cost estimates can result in significant cost overruns later in the project life when it is too late to contain them. As potential projects are considered, management not only requires costs estimates of high accuracy, they seek opportunities to reduce life-cycle costs, improve budget accuracy and optimize whole- life project value.

The course offers a series of estimating techniques and processes to forecast accurately the anticipated costs of projects with a focus on budget estimates, estimates for pre-construction services, estimating contractor and sub-contractor work, estimating general conditions, pricing self-performed work, estimating negotiated contracts, and performing lump-sum and unit-price estimates.

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What Is The Training Course Methodology?

This training course methodology depends on enabling participants to interact and exchange experiences, explore their competencies and achieve their career aspirations, using forward-thinking training arts, such as theoretical lectures and/or open discussion to exchange opinions and experiences, scenarios, innovative thinking brainstorming. Participants will receive an agenda including training material as a reference, in addition to some extra notes and booklets. 

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Who Should Attend This Training Course?

This training course is designed for all workers in the contracts sector and those who are responsible for the management of tenders at the private and public ministries and institutions.

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What Are The Training Course Objectives?

• Gain knowledge of techniques used in project estimating, from the conceptual stage to the final detailed estimate

• Understand the different types of estimates used to accurately and progressively estimate project costs

• Understand the different types of contracts based on the distribution of risk between contracting parties

• Effectively apply incentive arrangements to get the best results from the contract

• Identify the full aspects of public tenders

• Learn and manage contracts with applications on the most important international administrative contracts

• Acquire new methods and procedures for preparing and resolving tenders

• Learn the contractor on the administration to respect its contractual obligations

• Know the international arbitration in tender contracts and procedures

• Adapt new procedures for the conclusion of administrative tender contracts

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What Is The Training Course Curriculum?

Cost Estimating Basics: Project Cost Estimating Skills

• Estimating Basics: Project Cost Estimating Skills

• Basic Project Management definitions

• Cost Selection Methods

• Typical project terminology & setting up for success

• Project cost management, Cost Control

• Resource & Cost Allocation

• Understanding project management inputs to cost estimation

Pricing, Contracts and Risk

• Project management inputs to cost budgeting

• Resource Requirements

• Direct & Indirect Project Costs

• Probability and Standard Deviation Formulae

• Contract types according to risk distribution

• Fixed Price Contracts, Cost-Plus Contracts

Criteria for Distinguishing Administrative Contracts

• Administrative contracts by law

• Judicial standard in distinguishing administrative contracts

• Most important types of administrative contracts

• Contractor’s obligations to the administration powers against the contractor

Administration Rights to Control

• Tenders/practice

• Direct Order/Bids

• Pre-contracting restrictions

• The contracting process

• Safety and invalidity of administrative contracts

• Contractor's obligations with the management and management authorities in the face of it

Management Authorities in the Face of the Contractor

• Right of the administration to control

• Right of the administration to amend the contractor's obligations by decreasing or increasing them

• Right of the administration to impose penalties on the contractor

• Right of the administration to terminate the contract

• Right of the administration to impose additional penalties

Contractor's Rights

• Right of the contractor to receive financial compensation

• Financial balance of the contracts

• Theory of the wage worker

• Emergency circumstances theory

• Theory of unexpected financial difficulties

International Management Contract

• When is the contract internationally recognized?

• Letters of credit for means of payment

• Letters of guarantee

• Insurance

• Applicable law

• Dispute settlement and resolution

Applications of the International Administrative Contracts

• Impact of FIDIC rules on contracting agreement

• Supply contract and provisions of international sales contracts

• International arbitration in international contracts and procedures

• Tender types

• General and limited tenders

• Other types of tenders

Procedures for the Preparation and Advertising of Tender

• Right of management towards the contractor

• Right to supervise, recommend and control the fulfillment of the contractor's commitment

• Right to terminate the contract by individual will

• Right to distribute penalties

• Occupational penalties for contracting relationships

• Right of the contractor before the administration

• Right to receive the agreed financial compensation

Financial Aspects of Tender Contracts

• Letter of Guarantee

• Types

• The parties to the local guarantee letter

• International letter of guarantee

• Elements of the letter of guarantee and conditions & proof of writing

• Effects of the letter of guarantee

• Reasons for termination of the letter of guarantee

• Legal problems arising from the execution of the contract of guarantee letter and avoidance procedures

Methods of Payment in Tender Contracts

• Cash Payment

• Check Payment

• Documentary credit Payment

• Effect of the World Trade Organization (WTO) agreement onthe tender contracts

• Dispute Resolution means in general tender contracts

• Settlement by renegotiation

• Conciliation

• Contract Evaluation