Procurement for Projects and Capital Expenditure

Introduction

This course equips professionals with the essential knowledge and skills to manage procurement processes for projects and capital expenditures efficiently.

Objectives

• Understand the fundamentals of procurement in project environments.
• Develop effective procurement strategies for capital projects.
• Master the tendering, evaluation, and contract award process.
• Identify and mitigate procurement risks in projects.
• Apply best practices for supplier management and contract administration.

Course Outlines

Day 1: Procurement Fundamentals and Project Context

• Overview of procurement in projects
• Types of procurement and capital expenditure
• Key stakeholders and their roles
• Project procurement lifecycle
• Linking procurement to project success

Day 2: Procurement Planning and Strategy

• Developing procurement plans
• Defining requirements and specifications
• Supplier prequalification and selection criteria
• Procurement sourcing strategies
• Budgeting and cost estimation

Day 3: Tendering, Evaluation, and Contract Award

• Preparing tender documents
• Managing the bidding process
• Supplier evaluation techniques
• Negotiation and clarification processes
• Contract award and documentation

Day 4: Risk Management and Compliance

• Identifying procurement risks
• Risk mitigation strategies
• Legal and regulatory compliance
• Ethics in procurement
• Managing disputes and claims

Day 5: Supplier Management and Contract Administration

• Onboarding and managing suppliers
• Performance monitoring and KPIs
• Change management in contracts
• Contract renewal and closeout
• Continuous improvement in procurement