House of Contracts, Inc.

As a procurement professional, your skills and knowledge serve as organizational assets and career multipliers. This seminar is designed to increase your procurement skills and make you an even greater asset to your organization. You’ll receive valuable information designed to help you get your subcontracts off to a solid start. This seminar focuses on the formation, administration and closeout of commercial subcontracts. (See course topics and objectives below)

Cost of Seminar

$395.00
(one-day)

Dates Offered

Location

Purchase Seminar

Please call (770) 931-3600

COURSE TOPICS

1. Getting Started
    a. Definitions
    b. Contract privity
    c. Legal aspects
    d. The procurement process
            • Pre-award
            • Post-award

2. Key Principles of Subcontract Formation
    a. An overview of a typical subcontract form
    b. Key commercial terms and conditions
    c. The Statement of Work (SOW)
    d. Flow-down clauses
    e. Selecting the subcontract type
            • Basis of selection
            • Fixed price
            • Target price
            • Time and materials

3. Solicitation Tid Bits
    a. Solicitation in general
    b. The Request for Proposal (RFP)
    c. Negotiation

4. The Letter of Intent
a. Definition and basis for use
b. Pitfalls

5. Proposal Evaluation
    a. Commercial evaluation
    b. Technical evaluation
    c. Evaluation factors

6. Subcontract Administration
    a. Getting organized
    b. Most troublesome subcontract issues
    c. Amendments
    d. Termination

7. Subcontract Closeout
    a. Substantial completion
    b. Final completion
    c. Warranties

COURSE OBJECTIVES

   • Learn key principles of subcontract formation, execution and administration
   • Gain an understanding of the most troublesome subcontracting issues and how to deal
      with them
   • Learn key legal aspects of subcontracting
   • Gain from subcontracting lessons learned by others
   • Take home model forms and subcontract documents

WHO SHOULD ATTEND

This is a basic “how-to” seminar for:

   • Buyers
   • Contract Managers
   • Subcontract Managers
   • Purchasing Managers
   • Contract Negotiators
   • Sales Personnel
   • Project Managers

CONTINUING EDUCATION CREDIT

Participants who successfully complete this program will receive 7.25 hours of continuing education. They may be applied toward ISM C.P.M. recertification and/or A.P.P. reaccreditation program requirements. ISM's consent to provide a program number for this educational event is not an endorsement of this program or its content by ISM.


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