{"id":7181,"date":"2025-11-25T06:42:33","date_gmt":"2025-11-25T06:42:33","guid":{"rendered":"https:\/\/keleaders.com\/?post_type=product&p=7181"},"modified":"2026-02-09T17:56:08","modified_gmt":"2026-02-09T17:56:08","slug":"cost-control-and-procurement-under-fidic-contracts","status":"publish","type":"product","link":"https:\/\/keleaders.com\/ar\/product\/cost-control-and-procurement-under-fidic-contracts\/","title":{"rendered":"Cost Control and Procurement Under FIDIC Contracts"},"content":{"rendered":"

Cost Control and Procurement Under FIDIC Contracts \u2013 10-Day Professional Masterclass<\/span><\/strong><\/h2>\n

 <\/p>\n

COURSE OVERVIEW<\/span><\/strong><\/h3>\n

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<\/a>** under FIDIC Conditions of Contract.<\/span>
\nParticipants 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.<\/span><\/p>\n

The course includes **case studies, templates, checklists, exercises, and real-project scenarios** from FIDIC Red, Yellow & Silver Books.<\/span><\/p>\n

LEARNING OBJECTIVES<\/span><\/strong><\/h3>\n

By the end of this 10-day program, participants will be able to:<\/span><\/p>\n

* Understand procurement requirements within FIDIC contracts<\/span>
\n* Prepare compliant tender documents and evaluation criteria<\/span>
\n* Conduct transparent bid evaluation and selection processes<\/span>
\n* Establish effective cost baselines and budgets<\/span>
\n* Use modern tools for cost tracking and financial reporting<\/span>
\n* Analyze variations, claims, and adjustments accurately<\/span>
\n* Manage payments as per Clause 14 and avoid disputes<\/span>
\n* Apply cost-control frameworks to prevent overruns<\/span>
\n* Ensure procurement ethics and compliance<\/span>
\n* Finalize accounts and complete financial closeout successfully<\/span><\/p>\n

10-DAY DETAILED TRAINING OUTLINE<\/span><\/strong><\/h3>\n

(Designed exactly in KE-Leaders day-wise format)<\/span><\/p>\n

DAY 1 \u2014 Introduction to FIDIC & Procurement Framework<\/span><\/strong><\/p>\n

* Overview of FIDIC Red, Yellow, Silver Books<\/span>
\n* Key procurement obligations under FIDIC<\/span>
\n* Employer, Engineer, Contractor roles in procurement<\/span>
\n* Pre-contract financial planning<\/span>
\n* Procurement stages and documentation standards<\/span><\/p>\n

DAY 2 \u2014 Procurement Strategy, Planning & Market Analysis<\/span><\/strong><\/p>\n

* Contracting strategies (Lump Sum, Re-measurable, Cost-Plus)<\/span>
\n* Supplier market analysis and risk assessment<\/span>
\n* Packaging of works and services<\/span>
\n* Prequalification and eligibility criteria<\/span>
\n* Procurement timelines and compliance requirements<\/span><\/p>\n

DAY 3 \u2014 Tender Document Development<\/span><\/strong><\/p>\n

* Preparing tender documents aligned with FIDIC<\/span>
\n* Instructions to Tenderers<\/span>
\n* Technical & financial requirements<\/span>
\n* Bills of Quantities (BoQ) preparation<\/span>
\n* Employer\u2019s Requirements and Specifications<\/span>
\n* Common drafting mistakes and risk implications<\/span><\/p>\n

DAY 4 \u2014 Bid Evaluation and Contractor Selection<\/span><\/strong><\/p>\n

* Bid opening protocol<\/span>
\n* Technical evaluation scoring<\/span>
\n* Financial evaluation methods<\/span>
\n* Normalization of bids<\/span>
\n* Identifying abnormally low\/high bids<\/span>
\n* Evaluation reports and award recommendations<\/span><\/p>\n

DAY 5 \u2014 Contract Price, Payment Mechanisms & Adjustments<\/span><\/strong><\/p>\n

* Clause 14: Contract Price & Payment<\/span>
\n* Advance payments, retention, interim valuations<\/span>
\n* Price escalation formulas<\/span>
\n* Currency, taxes, and adjustments<\/span>
\n* Financial statements and breakdown of prices<\/span><\/p>\n

DAY 6 \u2014 Cost Control Tools & Techniques<\/span><\/strong><\/p>\n

* Establishing baselines & cost budgets<\/span>
\n* Earned Value Management (EVM)<\/span>
\n* Cash flow projections<\/span>
\n* Monitoring actual vs. planned expenditures<\/span>
\n* Cost reports, dashboards, KPIs<\/span>
\n* Early warning signs & corrective actions<\/span><\/p>\n

DAY 7 \u2014 Variations, Value Engineering & Financial Impact<\/span><\/strong><\/p>\n

* Clause 13 Variations<\/span>
\n* Variation Orders: pricing methods & documentation<\/span>
\n* Impact assessment tools<\/span>
\n* Value engineering for cost savings<\/span>
\n* Negotiation of variation claims<\/span>
\n* Preventing disputes through early management<\/span><\/p>\n

DAY 8 \u2014 Claims, Disputes & Cost-Related Issues<\/span><\/strong><\/p>\n

* Contractor vs Employer claims<\/span>
\n* Claims for additional cost, prolongation, disruption<\/span>
\n* Cost substantiation forms and evidence<\/span>
\n* DAAB financial decisions<\/span>
\n* Preventing escalation through documentation<\/span><\/p>\n

DAY 9 \u2014 Procurement Compliance, Ethics & Audit Requirements<\/span><\/strong><\/p>\n

* International procurement ethics (World Bank, ADB, USAID standards)<\/span>
\n* Anti-corruption frameworks<\/span>
\n* Financial audit trails<\/span>
\n* Accountability, transparency & reporting<\/span>
\n* Contractor performance evaluation<\/span><\/p>\n

DAY 10 \u2014 Final Accounts, Closeout & Case Studies<\/span><\/strong><\/p>\n

* Preparing final account under FIDIC<\/span>
\n* Settlement of claims & variations<\/span>
\n* Defects liability period cost monitoring<\/span>
\n* Payment certification at closeout<\/span>
\n* Case studies: Red, Yellow & Silver Book scenarios<\/span>
\n* Final examination & group presentations<\/span><\/p>\n

WHO SHOULD ATTEND<\/span><\/strong><\/h3>\n

* Project Managers<\/span>
\n* Engineers & Consultants<\/span>
\n* Contract Managers \/ Administrators<\/span>
\n* Cost Engineers & Quantity Surveyors<\/span>
\n* Procurement & Supply Chain Professionals<\/span>
\n* Commercial Managers<\/span>
\n* Site Managers & Supervisors<\/span>
\n* Government Project Teams<\/span>
\n* Donor-Funded Project Staff<\/span>
\n* Anyone involved in contract pricing, evaluation, or financial control<\/span><\/p>\n

KEY BENEFITS<\/span><\/strong><\/h3>\n

Participants will:<\/span><\/p>\n

* Gain mastery of cost control under FIDIC<\/span>
\n* Improve procurement efficiency and transparency<\/span>
\n* Prevent cost overruns through proactive management<\/span>
\n* Learn tender evaluation using global standards<\/span>
\n* Strengthen skills in variations, payments & claims<\/span>
\n* Enhance decision-making and financial accountability<\/span>
\n* Apply real-world tools, templates, and checklists<\/span>
\n* Become competent in contract-financial risk mitigation<\/span><\/p>\n

CERTIFICATION<\/span><\/strong><\/h3>\n

Upon successful completion, participants receive:<\/span><\/p>\n

### **\ud83d\udcd8 \u201cCertified Expert in Cost Control & Procurement Under FIDIC Contracts\u201d**<\/span><\/p>\n

(KE-Leaders International Professional Certification)<\/span><\/p>\n

Includes:<\/span><\/p>\n

* Certificate<\/span>
\n* Digital Badge<\/span>
\n* CPD Hours<\/span>
\n* Portfolio-ready course material<\/span><\/p>\n

Contact Info:<\/span><\/span><\/h2>\n
\u00a0 \u00a0 \u00a0 \u00a0Enquiry at : admin@keleaders.com<\/span><\/h6>\n
\u00a0 \u00a0 \u00a0 \u00a0Whatsapp: 0044 790 125 9494<\/span><\/h6>\n
\u00a0 \u00a0 \u00a0 \u00a0For more details visit our website : www.keleaders.com<\/span><\/h6>\n

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