Advanced Bid Evaluation & Tendering Procedures

Introduction

This Advanced Bid Evaluation & Tendering Procedures training course looks at all of the factors that influence and are affected by the bidding process and bid evaluation. Understanding business requirements, market analysis, supply chain cost modeling, contract strategy, and contract-to-contract initiation are all important factors. Learn how to classify third-party products and services in your organization based on the delivery risk of their output values. The methodologies listed below can assist you in assigning the most appropriate market approach to a specific category or subcategory. All of this results in the best bidding process and bid evaluation. When should I play it safe by bidding only on experienced and proven providers? When and how should you look for a new supplier? What is the procedure for selecting the best supplier?

This training course will highlight:

• Determining the right market strategy

• Developing the best-fit contracting methods

• Planning and managing a tender procedure

• How to optimize the interchange between Requesting Departments and Procurement groups?

• How to prepare for and conduct professional negotiations with suppliers?

Course Objectives of Advanced Bid Evaluation & Tendering Procedures

By the end of this training course, the participants will be able to:

• Categorize 3rd party goods and services established on supply risk and value of spend

• Decide the procurement strategy choices available for a given opportunity

• Plan and manage a competitive tender process from A to Z

• Determinate, evaluate, and construct proposals on how to manage procurement risks

• Create an appropriate evaluation methodology to judge bids and tenders

• Estimate vendor proposals from a technical and commercial perspective

• Organize for and conduct professional negotiation with suppliers

• Handle the outcomes from a competitive bid process

Course Methodology of Advanced Bid Evaluation & Tendering Procedures

Leveraging the world's most suitable practices is proven in real business. This Advanced Tendering Procedures & Bid Evaluation training course will be delivered by a recognized Contracts & Procurement Professional who has been involved in delivering complex projects around the world. Exercises, role play built on carefully designed case studies will maximize hands-on practice.

Organizational Impact of Advanced Bid Evaluation & Tendering Procedures

The impact on the organization in attending this Advanced Tendering Procedures & Bid Evaluation training course is profound, including: 

• Procurement evolves a competitive advantage for the company

• More efficient and effective  procurement practices

• Better-fit approach to the supplier market

• The decline in fallen procurements, where contractors and vendors refuse to participate in competitive procurements

• Decrease in financial and other risks to the organization, by making more profitable contracts

• Progress in the performance of contractor performance, by selecting more acceptable contractors, and using more suitable terms and conditions

Personal Impact of Advanced Bid Evaluation & Tendering Procedures

The impact of this training course on the participants is manifold and includes: 

• Immediate new capability to articulate a structural contracting strategy

• A greater sense of Professionalism

• Updated with World-Class practices and trends

• More exceptional ability to negotiate and manage contracts

• Increased recognition by the organization because of a bigger impact

• Visibly improved capability to seek buy-in from and impress senior stakeholders