Who Should Attend
- Supply Management, Procurement, Contracts, and Project personnel,
- Engineering, Operational, and Maintenance personnel
- And all others who are involved in the planning, evaluation, preparation and management of outsourcing initiatives, bidding and evaluation processes, and contracts that cover the outsourcing of in-house activities as well as the acquisition of materials, equipment, services, and who are in organizations whose leadership want high levels of competency in those involved in these activities.
You Will Learn...
- Nine major reasons why organizations outsource
- Outsourcing Options
- Eight Questions where the answer must be “no” before outsourcing
- Important contract clauses
- Five steps in Performance Based Service Contracts
- The meaning of fair and reasonable pricing
- 24 factors of a good outsourcing process
- Three basic types of Statement of Work
- About Performance Based Service Contracts
- Nine Steps in the Process for Evaluation and Selection of Outsourcing Items
- Contract types to transfer risk
- New techniques in bid evaluation
- Four basic payment methods
- Seven steps in developing Economic Price Adjustments clauses
You Will Earn...
21 continuing education hours
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Course Outline
- Why outsource, criteria for outsourcing, what can be outsourced, International labor rates, outsourcing options,
- Political implications of outsourcing, sustainability and social responsibility, intelligent customer capability
- Dealing with the "Come-to-Knows", the critical statement of work, types of statement of work, performance based service contracts
- Major objectives of the contract, risk assessment, contract types to transfer risk, economic price adjustments for long term agreements
- Identifying contract clauses, the integration clause, the critical acceptance clause, liquidated damages clause, warranties
- Elements of a best practices outsourcing & competitive bidding process, developing tender evaluation criteria, expressive bidding
- Fair and reasonable pricing, total cost of ownership, what does your force majeure clause cover, dealing with contract changes
- Payment methods, advance and progress payments, ways in which contracts end types of bonds & guarantees
© Copyright ISM 2013
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