Contracting Strategy Explained | How to Develop an Effective Contracting & Procurement Plan

This video provides a comprehensive, step-by-step explanation of how to develop an effective Contracting Strategy through a structured Contracting Strategy Development Workshop.

You will learn how to align project objectives with the most appropriate procurement methods and contract types, including lump sum, re-measurement, and cost-reimbursable models. The tutorial explains how industry professionals evaluate contracting options using ranking and scoring criteria, informed by market conditions, project risks, and delivery constraints.

Key topics covered include:
• Contracting strategy fundamentals and objectives
• Selecting the right contract type for complex projects
• Market analysis and contractor capability assessment
• Risk allocation and commercial strategy development
• SWOT analysis for contracting and procurement decisions
• Establishing execution timelines from definition to start-up
• Developing and approving a Contracting & Procurement Plan

This video is intended for project managers, contract managers, procurement professionals, engineers, and commercial teams involved in capital projects, EPC contracts, and infrastructure developments. By the end of the session, you will understand how to produce a robust, stakeholder-aligned Contracting and Procurement Plan that supports successful project delivery.

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