Contract Management & Drafting 

As per 

FIDIC Guideline

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_tta_tabs style=”modern” color=”sky” active_section=”1″ no_fill_content_area=”true”][vc_tta_section title=”Description” tab_id=”1445945243729-f27f0697-6199″][vc_column_text]The Programme:

Business executives related to Tenders, Bids and Contracts, by very fundamental description of the function, are required to commit for future of the organisation, today. In today’s dynamic and global scenario, evaluation of future is becoming more and more complex, solely due to the uncertainties and complexities involved. These uncertainties give rise to the business risks. The contracts, therefore, just do not document the legal structure only but are an essential part of risk mitigation strategies of the organisation. Constructing and operating a plant or any other infrastructure facility requires a number of contracts with all participants. With the increase in number of projects being executed and contracts being awarded, it is extremely important to understand and manage the commercial, taxation and legal challenges associated with these projects..

FIDIC, an International Federation of Consulting Engineers, has done extensive pioneering work in the domain of terms and conditions forming part of the contract. These guidelines are available in very handy templates, applicable to a host of types of contracts and industries. These sets of recommended terms and conditions form a substantial basis for both employer and contractor & the consultants. In this sense the FIDIC guidelines assume a role of handbook for contracting persons.

FIDIC documents are accepted all over the Globe. These are guidelines incorporating almost all likely situations. One can choose and pick from these, what is relevant to the project and the procurement policies of the organisations.

This programme has the objectives of making participants aware of fundamentals of Tenders, Bids and Contracts. Relevance and applications of FIDIC guidelines will be incorporated throughout the discussions.

The participants would be taken through the relevant gamut of Tenders, Bids, Contracts and their processes involving team of various functionaries. Deliberations on high and low lights of certain elements of Tenders, Bids and Contracts will enable participants understand the practical applications of FIDIC effectively.


Executives and Managers engaged with Tendering, Bidding, Contracting and execution functions, along with those from consulting organisations, will get ready to apply inputs from the programme. The arena will include Buyers and Employers (all Supply Chain), Sellers and Contractors (Domestic, overseas), Projects, Finance, Legal, Marketing and Business Development, amongst others.

This programme would be of immense benefits to the Executives from the organisations engaged in Infrastructure Projects, EPC and LSTK projects,, Supplies, Services, etc. from both private and public sectors. The program would be equally beneficial for domestic and international organisations engaged in Export and Import as well.

Sessions Plan –

Session No. Session content
1 Introduction to tender, bid and contract, Objectives, necessity, types, definition,

Introduction to FIDIC, brief history, salient features- universality w.r.t., types of contracts, countries, documents, Equitable distribution of risks amongst the contract stake holders

What FIDIC does cover and what it doesn’t

2 Tendering Process – FIDIC Recommendations, Establish procurement method, Prequalification, Prepare tender documents, receive bids, evaluate bids, select E1,Release NOA, Prepare contract documents, Sign contract,

NIT, RFP, RFQ, ITB, BDS, GCC, SCC, PCC, Pre Bid Meeting, Bid Evaluation

3 Fundamentals of Contract – Three essential components – Agreement, Consideration and specified task, Creation of mutual obligation and Support of          law, definition of contract

Conditions of Contract – Vanilla and Boiler Plate clauses, Critical Clauses – Price Basis, Payment Terms, Modes of Payment – Direct v/s through LCs, LDs

4 Critical clauses as per FIDIC –  Variations and Variation by Indexation, Force Majeure clause and Limitation of Liabilities

[/vc_column_text][/vc_tta_section][vc_tta_section title=”Target Audience” tab_id=”1447405758245-7420de70-5412″][vc_column_text]

This seminar will be of great interest to all those actively involved in international projects, including representatives from Consulting Engineers, Contractors, Funding Agencies, Employers, Insurers, Manufacturing Organisations as well as representatives from the Legal and other Construction Professions.

[/vc_column_text][/vc_tta_section][vc_tta_section title=”How to Register” tab_id=”1445945243925-86aeb5fe-cc31″][vc_column_text]Timings: 9:30 am – 5:00 pm , Registration begins at 9:00 am

How to Register:
• Fees: Rs. 8,650/-
+15 % service tax per person.
• Please write to-register@princetonacademy.co.in/Call -022-66976892/66976874
• Mention the name of participant, company, contact details .
• Fees includes lunch, tea, course material etc.[/vc_column_text][/vc_tta_section][/vc_tta_tabs][/vc_column][vc_column width=”1/3″][vc_column_text]Register_NowTimings: 9:30 am – 5:00 pm , Registration begins at 9:00 am

How to Register:
• Fees: Rs. 8,650/-
+15 % service tax per person.
• Please write to-register@princetonacademy.co.in/Call -022-66976892/66976874
• Mention the name of participant, company, contact details .
• Fees includes lunch, tea, course material etc.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]register_button[/vc_column_text][/vc_column][/vc_row]