Project Management and Procurement with FIDIC Contracts

£3,900.00

Join this Training

Start

July 22, 2025

End

July 26, 2025

Address

08 Hermitage Street Central London W2 1BE, England, United Kingdom. View map

Project Management and Procurement with FIDIC Contracts

Course Overview:
The Project Management and Procurement with FIDIC Contracts course is designed to provide professionals with comprehensive skills in managing FIDIC contracts and overseeing procurement processes in large-scale projects. By combining the core principles of FIDIC contract management with advanced procurement strategies, this course offers a complete approach to managing contracts and procurement in sectors like construction, EPC, Oil & Gas, and government projects.

This course is structured to enhance participants’ ability to manage procurement activities, optimize contract performance, and mitigate risks associated with procurement processes under FIDIC contracts. Participants will gain practical insights into FIDIC’s role in procurement, effective contract management, and the integration of procurement practices into contract execution.

Key Course Highlights

Understanding FIDIC Contract Types and Procurement Strategies:
- Gain an in-depth understanding of FIDIC Red, Yellow, Silver, and Green Books and their applications to procurement.
- Learn how to select the appropriate FIDIC contract type based on project complexity, procurement methods, and risk profiles.
- Explore procurement strategies aligned with FIDIC, including lump-sum contracts, cost-plus contracts, design-build contracts, and framework agreements.
Procurement Best Practices in FIDIC Contracts:
- Understand procurement methods and tendering processes under FIDIC, including prequalification, tendering, and award criteria.
- Master the processes of preparing tender documents, managing subcontractor procurement, and evaluating bid proposals under FIDIC frameworks.
- Learn to manage procurement risks, such as delays, cost overruns, and quality issues, within the FIDIC contract structure.
Risk Management in Procurement:
- Analyze procurement-related risks in FIDIC contracts, including supplier performance, contractor defaults, and material supply chain risks.
- Develop strategies to mitigate procurement risks through careful selection of procurement methods and contract terms.
- Understand the role of force majeure and other risk-related clauses within FIDIC contracts and how to manage them in procurement processes.
Managing Performance and Compliance:
- Learn how to ensure contractor and supplier performance through performance bonds, guarantees, and penalties as defined in FIDIC contracts.
- Understand compliance requirements in procurement, including local regulations, international standards, and FIDIC-specific compliance obligations.
- Study mechanisms to monitor and manage contractor performance, and ensure that goods, services, and works meet contractual specifications.
Dispute Management in Procurement and Contract Execution:
- Master dispute resolution methods tailored for procurement processes, including negotiation, mediation, arbitration, and dispute avoidance techniques.
- Learn how to manage procurement disputes effectively through FIDIC’s Dispute Avoidance and Adjudication Boards (DAAB), and other resolution mechanisms.
- Understand claims management in procurement, addressing issues like delays, defective works, and non-performance.
International Procurement Practices in FIDIC Contracts:
- Examine the global dimensions of procurement under FIDIC, including the application of procurement practices in international and cross-border projects.
- Understand the implications of international procurement laws, local regulatory requirements, and global trade practices on FIDIC contract execution and procurement processes.

Learning Objectives

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

Select appropriate FIDIC contract types based on procurement needs, project scale, and risk assessments.
Implement effective procurement strategies within FIDIC contract frameworks to ensure timely delivery, quality control, and cost management.
Navigate the procurement process from prequalification to contract award, ensuring compliance with FIDIC requirements and international best practices.
Identify and mitigate procurement risks, including supply chain delays, cost overruns, and contractor defaults.
Manage contractor performance and ensure compliance with contract terms, including performance bonds and penalties.
Resolve disputes and claims in procurement, leveraging FIDIC’s dispute resolution mechanisms such as DAAB and arbitration.
Understand international procurement regulations and adapt FIDIC principles to multinational projects and cross-border procurement.

Training Methodology

This course follows an advanced, hands-on approach to ensure participants gain practical and actionable knowledge:

Instructor-Led Sessions:
Delivered by experts in FIDIC contracts and procurement, providing foundational and advanced insights into contract management and procurement strategies within the FIDIC framework.
Case Study Analysis:
Real-world examples of FIDIC contract procurement in large-scale projects, focusing on procurement risks, contractor performance, and dispute resolution.
Interactive Workshops:
Workshops focusing on drafting procurement documents, managing tenders, and evaluating procurement bids in FIDIC contracts.
Risk Management Simulation:
Participants will engage in scenario-based simulations, learning how to identify procurement risks and develop strategies to mitigate them effectively.
Dispute Resolution Role-Playing:
Interactive role-playing exercises where participants simulate negotiation, mediation, and arbitration processes in procurement-related disputes.
Group Exercises:
Collaborative activities to create procurement strategies, analyze case studies, and manage contract execution and dispute resolution effectively.

Organizational Benefits

Organizations that enroll their teams in this training will experience several advantages:

Improved Procurement Efficiency:
Teams will become adept at managing procurement from tendering to contract award, enhancing project delivery timelines and cost control.
Reduced Procurement Risks:
By understanding and mitigating procurement-related risks under FIDIC contracts, organizations can avoid costly delays, disputes, and performance issues.
Streamlined Dispute Resolution:
With a clear understanding of dispute resolution mechanisms, organizations can address procurement-related disputes swiftly and effectively, ensuring minimal disruption to project timelines.
Enhanced Compliance and Legal Protection:
Organisations will be better equipped to navigate the complex legal and regulatory requirements related to procurement, ensuring compliance and minimizing legal risks.
Cost Savings and Budget Control:
With advanced procurement skills, organizations can optimize supplier selection, manage procurement costs, and ensure that contract execution stays within budget.

Personal Benefits

Participants will gain advanced skills and knowledge that can advance their careers:

Comprehensive Understanding of FIDIC Procurement Processes:
Participants will master FIDIC procurement principles, from tendering to contract execution, improving their ability to oversee large-scale procurement projects.
Expertise in Procurement Risk Management:
Gain the ability to identify and manage procurement risks, enhancing your value as a procurement and contract management professional.
Skills in Drafting and Managing Procurement Contracts:
Master the art of drafting clear and enforceable procurement documents, including tenders, contracts, and performance guarantees.
Advanced Dispute Resolution Skills:
Learn how to manage procurement-related disputes effectively, making you a valuable asset to any project team.

Career Development Opportunities:
Participants will be positioned for leadership roles in contract management and procurement, with a globally recognised skill set in FIDIC contracts.