Cost Control and Procurement Under FIDIC Contracts – 10-Day Professional Masterclass
COURSE OVERVIEW
This intensive 10-day program provides a complete understanding of **procurement planning, tendering, contract pricing, variation management, cost control systems, financial risk mitigation, and claims** under FIDIC Conditions of Contract.
Participants gain hands-on skills in **evaluating bids, preparing financial documents, managing contractor payments, assessing variations, forecasting cost impacts, and ensuring procurement compliance** throughout the project lifecycle.
The course includes **case studies, templates, checklists, exercises, and real-project scenarios** from FIDIC Red, Yellow & Silver Books.
LEARNING OBJECTIVES
By the end of this 10-day program, participants will be able to:
* Understand procurement requirements within FIDIC contracts
* Prepare compliant tender documents and evaluation criteria
* Conduct transparent bid evaluation and selection processes
* Establish effective cost baselines and budgets
* Use modern tools for cost tracking and financial reporting
* Analyze variations, claims, and adjustments accurately
* Manage payments as per Clause 14 and avoid disputes
* Apply cost-control frameworks to prevent overruns
* Ensure procurement ethics and compliance
* Finalize accounts and complete financial closeout successfully
10-DAY DETAILED TRAINING OUTLINE
(Designed exactly in KE-Leaders day-wise format)
DAY 1 — Introduction to FIDIC & Procurement Framework
* Overview of FIDIC Red, Yellow, Silver Books
* Key procurement obligations under FIDIC
* Employer, Engineer, Contractor roles in procurement
* Pre-contract financial planning
* Procurement stages and documentation standards
DAY 2 — Procurement Strategy, Planning & Market Analysis
* Contracting strategies (Lump Sum, Re-measurable, Cost-Plus)
* Supplier market analysis and risk assessment
* Packaging of works and services
* Prequalification and eligibility criteria
* Procurement timelines and compliance requirements
DAY 3 — Tender Document Development
* Preparing tender documents aligned with FIDIC
* Instructions to Tenderers
* Technical & financial requirements
* Bills of Quantities (BoQ) preparation
* Employer’s Requirements and Specifications
* Common drafting mistakes and risk implications
DAY 4 — Bid Evaluation and Contractor Selection
* Bid opening protocol
* Technical evaluation scoring
* Financial evaluation methods
* Normalization of bids
* Identifying abnormally low/high bids
* Evaluation reports and award recommendations
DAY 5 — Contract Price, Payment Mechanisms & Adjustments
* Clause 14: Contract Price & Payment
* Advance payments, retention, interim valuations
* Price escalation formulas
* Currency, taxes, and adjustments
* Financial statements and breakdown of prices
DAY 6 — Cost Control Tools & Techniques
* Establishing baselines & cost budgets
* Earned Value Management (EVM)
* Cash flow projections
* Monitoring actual vs. planned expenditures
* Cost reports, dashboards, KPIs
* Early warning signs & corrective actions
DAY 7 — Variations, Value Engineering & Financial Impact
* Clause 13 Variations
* Variation Orders: pricing methods & documentation
* Impact assessment tools
* Value engineering for cost savings
* Negotiation of variation claims
* Preventing disputes through early management
DAY 8 — Claims, Disputes & Cost-Related Issues
* Contractor vs Employer claims
* Claims for additional cost, prolongation, disruption
* Cost substantiation forms and evidence
* DAAB financial decisions
* Preventing escalation through documentation
DAY 9 — Procurement Compliance, Ethics & Audit Requirements
* International procurement ethics (World Bank, ADB, USAID standards)
* Anti-corruption frameworks
* Financial audit trails
* Accountability, transparency & reporting
* Contractor performance evaluation
DAY 10 — Final Accounts, Closeout & Case Studies
* Preparing final account under FIDIC
* Settlement of claims & variations
* Defects liability period cost monitoring
* Payment certification at closeout
* Case studies: Red, Yellow & Silver Book scenarios
* Final examination & group presentations
WHO SHOULD ATTEND
* Project Managers
* Engineers & Consultants
* Contract Managers / Administrators
* Cost Engineers & Quantity Surveyors
* Procurement & Supply Chain Professionals
* Commercial Managers
* Site Managers & Supervisors
* Government Project Teams
* Donor-Funded Project Staff
* Anyone involved in contract pricing, evaluation, or financial control
KEY BENEFITS
Participants will:
* Gain mastery of cost control under FIDIC
* Improve procurement efficiency and transparency
* Prevent cost overruns through proactive management
* Learn tender evaluation using global standards
* Strengthen skills in variations, payments & claims
* Enhance decision-making and financial accountability
* Apply real-world tools, templates, and checklists
* Become competent in contract-financial risk mitigation
CERTIFICATION
Upon successful completion, participants receive:
### **📘 “Certified Expert in Cost Control & Procurement Under FIDIC Contracts”**
(KE-Leaders International Professional Certification)
Includes:
* Certificate
* Digital Badge
* CPD Hours
* Portfolio-ready course material
Contact Info:
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
