Procurement for Capital Projects

Introduction

This course provides a comprehensive overview of procurement processes tailored to capital projects, focusing on best practices and strategic considerations.

Objectives

• Understand the fundamentals of procurement in capital projects.
• Identify key steps in the procurement lifecycle.
• Develop strategies for effective supplier selection and management.
• Mitigate risks and manage contracts efficiently.
• Apply procurement techniques to maximize project value and compliance.

Course Outlines

Day 1: Foundations of Capital Project Procurement

• Overview of capital projects and procurement roles
• Key terminology and concepts
• Procurement lifecycle stages
• Stakeholder identification and engagement
• Legal and regulatory frameworks

Day 2: Procurement Planning and Strategy

• Needs assessment and project scoping
• Developing procurement strategies
• Budgeting and cost estimation
• Market analysis and supplier prequalification
• Risk assessment in procurement planning

Day 3: Tendering and Supplier Selection

• Types of tendering methods
• Preparing tender documentation
• Evaluation criteria and scoring
• Supplier negotiation techniques
• Ethical considerations in supplier selection

Day 4: Contract Management and Administration

• Types of contracts for capital projects
• Key contract terms and conditions
• Performance monitoring and reporting
• Change management and dispute resolution
• Ensuring contract compliance and closeout

Day 5: Best Practices and Case Studies

• Lessons learned from real-world capital projects
• Implementing continuous improvement in procurement
• Leveraging technology and digital tools
• Collaboration and communication strategies
• Course review and action planning