Course Objectives:

By the end of this training, participants will be able to:

1. Understanding Procurement in Capital Projects

• Define the role of procurement in capital projects and its impact on project success.
• Identify the key differences between procurement for capital projects vs. operational procurement.
• Understand the relationship between procurement, project management, and contract administration.

2. Procurement Strategy and Planning

• Learn how to develop a Procurement Plan aligned with project timelines and objectives.
• Understand procurement methodologies:
• Traditional Procurement (Competitive Bidding, RFQs, RFPs)
• Integrated Procurement (EPC, Design-Build, Turnkey Contracts)
• Collaborative Procurement (Alliances, Framework Agreements)
• Develop a sourcing strategy to manage vendors, suppliers, and contractors effectively.

3. Vendor Selection and Qualification

• Learn the key steps in vendor pre-qualification and evaluation.
• Understand how to assess vendor capabilities based on:
• Technical Qualifications
• Financial Stability
• Past Performance & References
• Develop Bid Evaluation Criteria for fair and transparent supplier selection.

4. Contracting Strategies and Risk Management

• Understand different types of contracts used in capital projects:
• Lump Sum (Fixed Price)
• Cost Reimbursable (Time & Materials, Cost Plus)
• Unit Rate Contracts
• Identify procurement risks and implement mitigation strategies, including:
• Legal & Contractual Risks
• Supply Chain Disruptions
• Price Escalations & Market Volatility

5. Procurement Execution and Supply Chain Management

• Learn best practices for Purchase Order (PO) Management and tracking deliveries.
• Understand logistics and material management for large-scale projects.
• Implement strategies for supplier performance monitoring and dispute resolution.

6. Compliance, Ethics, and Sustainable Procurement

• Learn procurement governance and regulatory compliance requirements.
• Understand anti-corruption laws, ethical sourcing, and fair trade practices.
• Explore sustainability initiatives such as green procurement and supplier diversity programs.

7. Procurement Close-Out and Lessons Learned

• Understand the importance of procurement close-out, including:
• Final payment reconciliation.
• Supplier performance reviews.
• Warranty and contract finalization.
• Capture Lessons Learned to improve future procurement processes.

Target Audience

This course is designed for professionals involved in procurement, supply chain management, and capital project execution, including:

1. Procurement & Supply Chain Professionals

2. Project Management Teams

3. Finance & Legal Professionals

4. Operations & Maintenance Teams