The unit provides students with an understanding of key contractual terms, applicable models of contracts delivery and the major activities in each phase of the procurement process. Tools and techniques applicable at each phase will be discussed. Where appropriate, relevant cases and examples will be used in class discussion.
The course will cover how project demands are pulled together to form a tender and eventual contract document. It considers the supply side of identifying suppliers and developing contracting strategies. It looks at the Governance process of tenders, the Evaluation process and the Execution of a Contract Award. An essential element of procurement, Contract Management, will be covered.
The course intends to interactively draw on procurement experiences of students and to bring to life the issues involved. It is imperative that students actively participate in these discussions and inject their own actual work experiences into the class. This enables the student to better appreciate the content of the material in the course.
|1.||Understand the general principles of the procurement process, the importance of contractual terms and supporting sections of contracts;|
|2.||Formulate the procurement requirements, profile the supply market capability and develop a go-to-market sourcing strategy;|
|3.||Build the Tender document which includes the Contractual Terms & Conditions, Scope of Works, Schedule of Rates, Technical and Administration. Basis of the tender document will become the eventual Contract Document;|
|4.||Establish the tender evaluation methodology and scoring criteria for supplier selection;|
|5.||Establish contract performance monitoring parameters following contract execution; and|
|6.||Develop Contract Closure and Handover plans.|
|Report||Individual Report (1500 words)||25%|
|Case Study||Group Case Study Project (2000 words per student plus 5 minutes presentation by each student)||35%|
|Examination||Examination (2 hours)||40%|
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