PROGRAM DETAILS

Introduction

Companies typically spend between 55-65% of their expenditure on acquiring goods and services from suppliers. The course presents methods to unlock value to the company while creating a true win-win situation between the company and its contractors.

At the heart of the matter is to critically evaluate the current situation and implement proven methods that can unlock this value.

This course will arm you with the knowledge to understand the contracting process.

Benefits

On completion of the course, you will be able to select an appropriate contracting strategy, select the most suitable supplier by using the value equation. During the implementation phase, it is important to manage the contractor according to the terms and conditions of the contract so that problems can be identified and dealt with before they escalate. In the unfortunate circumstances where a dispute arises, we need to resolve the problem at the lowest possible level to ensure quick resolution.

Learning Objectives

• Understand the goal of Procurement
• Getting information from end-users
• Developing a Scope of Work and time schedules
• Select the right contract strategy
• How to implement and manage the contract
• Select the appropriate dispute resolution method

Target Audience

This training course has been designed for those who are working in procurement and want to increase their skill set to enhance their work and add more value as a procurement officer.

Training methodology

The seminar will be online. Sessions will be kept interactive by using group activities and having discussions. Questions can be asked at any time and answered appropriately to ensure understanding. The programme is geared towards effective application of what has been learned in order to maximize the value of the seminar to both the individual delegate and his/her organization.

Program Content

Session 1: Introduction

Setting out the goals of procurement

Procurement’s position in the supply chain

Organising for successful procurement

Measuring procurement

The procurement process explained: from RFI to completion

Session 2: The Contract

Law and statute

Different types of contracts

Standard vs. bespoke contracts

Elements of a contract

Bonds, warranties, guarantees, and insurance

Selecting the right contract strategy

Using framework agreements

Session 3: Preparing to award

Getting useful end-user specifications and creating a baseline

Dealing with updates

Scheduling the project

Handling queries from contractors

Receiving and evaluation of bids using the value-add method

Awarding of the contract

Session 4: Implementing the contract

Permit to work

Mobilisation

Record keeping

Using escalation clauses

Monitoring progress and managing delays

Amendments to the contract

Changes to the WBS and schedules

Completion and close-out

Session 5: Dispute resolution

Major causes of disputes

Dispute resolution techniques

Negotiation and negotiation techniques

Mediation

Arbitration

Legal recourse