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Wednesday, October 27, 2010

Syllabus for Project Contracting and Clearances

Syllabus for Project Contracting and Clearances

1.1    Unit 1

  • Principles of Project Contracts
    • Concept of contract
    • Offer and Acceptance
    • Contract objectives / packaging

1.2    Unit 2

  • Project Contracting
    • Principles
    • Contracting process
    • Compilation of contracts
    • 3 R’s of Contracting – Responsibility, Risk and Reimbursement
    • Global Tendering
    • Bidding and bid evaluation
    • Pricing terms and estimation
    • Project negotiation
    • Delivery terms and its significance
    • Negotiations for projects
      • Significance of Negotiation
      • Objectives of Negotiation
      • Parameters of Negotiation
      • Pre-negotiation home work strategy and tactics

1.3    Unit 3

  • Compilation of Project contracts
  • Need for communication
  • Contents of contract
  • Terminology of contracts
  • Practical aspects of contract
    • Contract practices,
    • Time / Quality / Safety
    • INCO Terms
    • Purpose of INCO terms

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