Procurement Management – Review of Important Concepts
As any Project Management professional would appreciate, Procurement Management is an important element of managing complex projects. Through this webinar/series of webinars, Manish will discuss important concepts of Procurement management like types of contracts, standard forms with a brief overview of FIDIC documents as an example, Instructions to Bidders (ITB), importance of independent estimates, change management, Extension of time (EOT), Payment terms, Price escalation, Suspension and termination of contract, types of securities, Force Majeure and finally dispute resolution. These concepts will be discussed with examples and case studies. This webinar should help the Project Management professionals ask the right questions at the right time to enable an efficient and effective procurement for their projects.
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Acknowledgements: Eric Finger and Kimberly Whitby