Target Pricing to win Tenders (Focus EPC Projects)
Target Pricing to win Tenders (Focus EPC Projects), available at $19.99, has an average rating of 5, with 8 lectures, based on 1 reviews, and has 16 subscribers.
You will learn about How to Determine Target Price for upcoming tender for EPC Projects Evaluate cost target from Target Price Optimisation for cost reduction Evaluation Criteria to determine lowest evaluated bidder This course is ideal for individuals who are Working professionals in Sales , Tendering, marketing, Contract, Project Management and Students in MBA It is particularly useful for Working professionals in Sales , Tendering, marketing, Contract, Project Management and Students in MBA.
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Summary
Title: Target Pricing to win Tenders (Focus EPC Projects)
Price: $19.99
Average Rating: 5
Number of Lectures: 8
Number of Published Lectures: 8
Number of Curriculum Items: 8
Number of Published Curriculum Objects: 8
Original Price: $19.99
Quality Status: approved
Status: Live
What You Will Learn
- How to Determine Target Price for upcoming tender for EPC Projects
- Evaluate cost target from Target Price
- Optimisation for cost reduction
- Evaluation Criteria to determine lowest evaluated bidder
Who Should Attend
- Working professionals in Sales , Tendering, marketing, Contract, Project Management and Students in MBA
Target Audiences
- Working professionals in Sales , Tendering, marketing, Contract, Project Management and Students in MBA
Determining accurately the target price for upcoming Bids is the key to success. There is no alternative to this. Target price helps you to predict your position with respect to competition for an upcoming tender.
The following factors are very important and are explained with examples
i) Past tender details of similar projects in terms of scope and price and Commercial Terms and Conditions
ii) Scope Rationalization in cases where Bidder need to assess the scope and apportion the delta in scope with its corresponding price
iii) Time schedule also is one area where adjustment need to be done since lesser schedule means lesser man-hour and vice versa.
iv) Optimized cost and that cost bought out items should be backed by qualified sub-vendor quote
v) Commercial Terms and Conditions. Impact of Commercial Terms and Conditions also to be adjusted in computing the Target Price
Once the Target price is worked out, one can reasonable be sure to draw the road map and strategy for participation in bid.
Target Price concept and examples given can be conceptualized for EPC projects in various sectors like Power, Petroleum, oil and gas, infrastructure projects, Fertilizer, Transportation etc. Also the concept is applicable for products / packages involving systems / sub systems.
Course Curriculum
Chapter 1: Concepts, detailed work out of target pricing, Examples
Lecture 1: Understanding the Importance of Target Price for an upcoming Tender
Lecture 2: Concept of Computing Target Price for an upcoming Tender
Lecture 3: Win Loss Analysis and Cost Breakdown Structure
Lecture 4: Impact of Commercial T&Cs on Target Price
Lecture 5: Scope optimization Benefits to meet Target Price
Lecture 6: Appendixes – Working example of costing for various items
Lecture 7: Conclusion
Lecture 8: Video – Target Price to Win Tenders (Focus EPC Projects)
Instructors
-
Samiran Das
Specialist -Techno commercial bid /contract for EPC Projects
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- 5 stars: 1 votes
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