Contract Cost and Price Analysis

Start Date End Date Venue Fees (US $)
24 May 2026 Dubai, UAE $ 3,900 Register
20 Sept 2026 Istanbul, Turkey $ 4,500 Register
29 Nov 2026 Roma, Italy $ 4,950 Register

Contract Cost and Price Analysis

Introduction

Obtaining fair and reasonable pricing from contractors and suppliers is a primary objective for all businesses and governments.  Evaluating prices through Cost and Price analysis are essential skill sets in meeting these objectives Those involved in these activities understand well the significant challenges in this ever-changing business environment and also that there exist significant opportunities for improvement by providing best practice competencies to all those involved in contract and procurement activities.

Attending this program will provide insight into:

  • Managing Cost and Prices in Volatile Market Conditions
  • Obtaining Better Pricing for the Original Contracts and Changes
  • Understanding the Methods Contractors use for Pricing
  • Understanding the Elements of Price that Make up the Price

Objectives

    • The Importance Of Price/Cost Analysis In Continuous Improvement Programmers
    • The Difference Between Price And Cost Analysis
    • Criteria For Selecting The Analysis Type
    • Methods Of Price Analysis
    • Knowledge of Supplier Strategic Alliances
    • Analytical Tools for Cost Drivers
    • Methods Of Cost Analysis
    • Development Of “Should Cost”
    • Types Of TCO Models

Training Methodology

This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practices. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

  • Contract Managers, Contract Engineers, Quantity Surveyors, Contract Administrators, Project Managers, and Engineers, Tenders Managers
  • Buyers, Purchasing Managers, Procurement Managers
  • Engineering, Contract Holders, Construction Managers
  • Maintenance Managers and Systems Managers and all others in organizations whose leadership want world-class skills sets in those involved in contracts for the procurement of goods, equipment, construction, and service
  • The program is a great way to develop those new to contracts, prepare for a major project, or use as a refresher for veterans

Course Outline

Day 1: Defining Cost Savings Opportunities

  • Reducing The Cost Of Purchased Goods And Services
  • Contract’s Savings Impact On The Bottom Line
  • Understanding Where To Focus Your Efforts
  • Supplier Pricing Models
  • Develop Opportunity Hypotheses
  • Cost Reduction Reporting Procedure
  • Continuous Improvement Skill Sets

Day 2: Performing Price Analysis

  • Difference Between Cost And Price Analysis
  • Selection Tool
  • Methods Of Price Analysis
  • Historical Analysis
  • Using Price Indexes
  • Calculating Change
  • Developing the Organization’s Contract Price Index

Day 3: Performing Cost Analysis

  • Methods Of Cost Analysis
  • Major Elements Of Cost
  • What And How Important Are Supplier Overheads
  • Developing “Should Costs”
  • Requesting Supplier Cost Info
  • Issues In Analyzing Supplier Cost Breakdown
  • How much Profit should the Supplier make?

Day 4: Other Important Valuation Criteria

  • Industry Analysis
  • Global Industrial Labor Rates
  • Working With Currency Exchange Rates
  • Total Costs Of Ownership Models
  • Reengineering Processes to reduce Cost
  • Cost Volume Profit Analysis
  • Defining Value Analysis?

Day 5: Controlling Contract Pricing in Volatile Markets

  • Dealing in Volatile Economic Situations
  • Contract Economic Adjustment Clauses
  • Continuous Improvement Methods
  • Early Supplier Involvement
  • Reducing Waste In The Supply Chain
  • Savings Reporting
  • Get The Big Savings Now

Accreditation

Related Courses

2026 Training Calendar
Competency Solutions Brochure
PETC Corporate Profile