Course Information

Introduction

Effective procurement of services, supply, and works contracts plays a crucial role in ensuring project success, minimizing risks, and achieving value for money. Organizations face increasing challenges in managing procurement processes due to dynamic markets, evolving compliance requirements, and the need for sustainable and ethical sourcing practices. This course is designed to provide participants with a deep understanding of the principles and best practices involved in procurement management for services, supplies, and works contracts.

The course delves into the complexities of procurement strategy, offering insights into selecting the most suitable contracting approaches that align with organizational objectives and project demands. It also examines the crucial elements of contract development, including the evaluation of supplier capabilities, crafting comprehensive specifications, and mitigating risks through effective contract terms and conditions.

Participants will explore the significance of fair and competitive bidding processes and learn how to ensure transparency and accountability throughout the procurement lifecycle. Special emphasis is placed on evaluating cost-effectiveness using tools such as total cost of ownership (TCO) models and assessing supplier performance to secure long-term benefits for the organization.

The course further covers vital aspects of contract administration, such as monitoring supplier performance, managing contract changes, and handling disputes. Real-world scenarios and case studies are incorporated to illustrate challenges and practical solutions in procurement management, providing participants with valuable skills to apply in their professional environments.

To ensure the course remains practical and results-oriented, participants will gain exposure to modern tools and techniques, including electronic procurement systems, performance-based contracting, and value engineering. Additionally, discussions on global trends and emerging practices will prepare participants to adapt to the evolving procurement landscape.

Upon completion, participants will have a robust framework for managing procurement activities efficiently, reducing risks, and delivering successful outcomes in services, supply, and works contracts. They will leave equipped with the knowledge and skills to make informed decisions and drive organizational success in procurement initiatives.

Objectives

By attending this course, participants will be able to:

Understand the principles and processes of procurement for services, supplies, and works contracts.
Develop and implement effective contracting strategies that align with organizational objectives.
Analyze and evaluate supplier capabilities using comprehensive evaluation criteria.
Draft precise and actionable specifications, statements of work, and contract terms.
Identify and mitigate risks associated with procurement and contract management.
Ensure transparency, accountability, and ethical practices throughout the procurement process.
Manage contract performance, address changes, and resolve disputes efficiently.
Apply tools such as total cost of ownership models and electronic procurement systems to enhance decision-making.

Who Should Attend?

This course is ideal for:

Procurement and contract management professionals seeking to enhance their knowledge and skills.
Supply chain managers and purchasing officers involved in the acquisition of services, supplies, or works contracts.
Project managers responsible for ensuring procurement aligns with project goals and budgets.
Legal and compliance officers involved in drafting and reviewing contracts.
Financial professionals who evaluate procurement decisions and their impact on organizational budgets.
Operational and maintenance managers responsible for overseeing supplier performance and contract execution.

Training Method

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a 7” Tablet containing a copy of the presentation, slides and handouts
• Post-assessment

Program Support

This program is supported by:
* Interactive discussions
* Role-play
* Case studies and highlight the techniques available to the participants.

Daily Agenda

The course agenda will be as follows:
• Technical Session 08.30-10.00 am
• Coffee Break 10.00-10.15 am
• Technical Session 10.15-12.15 noon
• Coffee Break 12.15-12.45 pm
• Technical Session 12.45-02.30 pm
• Course Ends 02.30 pm