...CONTRACT MANAGEMENT – PRINCIPLES & BEST PRACTICES Strategies and Techniques to ensure successful contract management and administration. ” This course will teach you how to effectively manage all aspects of project procurement. You'll discover the terms, techniques and tools of how to convert project needs into outsourced goods and services. In this skills-building course, you will spend 70% of class time working on contracting activities from requirements documentation through to contract closure. Exercises include the development of a procurement strategy, contract selection, revising and updating SOW’s, risk management, negotiated claims settlement and collection of lessons learned. The emphasis of lectures is on how to work with the many and varied stakeholders involved in the procurement chain. Successful procurements come from working with both internal and external stakeholders. Doing this well requires an understanding of everyone’s roles, responsibilities and expectations. “Know what they do to know what you need to do”. Steps and stages of contract management from needs analysis to closure Terms and terminology of contracting and procurement Legal requirements of contracts and their implications Ingredients for contracting success Stakeholder mapping and expectations analysis Converting project objectives to contract requirements Applications and weaknesses of contract types Risk transfer through...
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...11: RESOURCE MANAGEMENT IN HOSPITALITY Get assignment help for this unit at assignmenthelpuk@yahoo.com LO1 Understand the principles and application of resource management to commercial operations Methods: selection; acquisition; maintenance; replacement criteria Principles: procurement strategy; specification; supplier identification; selection criteria; working with specialist suppliers; stock control LO2 Understand the suitability of various forms of finance and taxation available to UK business in general and the hospitality sector in particular Internal: managing the elements of working capital to free resources; internally generated funds; retained profits External: short-, medium- and long term; caring; risk and reward Cost of capital: equity and loan capital costs; weighted average cost computations Systems: the main features of income and corporation tax; schedules; rates; personal and capital allowances; tax credits and debits UNIT 11: RESOURCE MANAGEMENT IN HOSPITALITY LO3 Understand how procurement issues and strategies contribute to the achievement of commercial objectives through purchasing power Systems and processes: standard specification; tendering; estimating/quoting; methods of procurement eg centralised, contract, lease; Pareto analysis; ‘just in time’ (JIT); equipment; materials; services; terms and conditions Procurement officer: role; assessing operational needs; selecting suppliers; quality and quantity control; timing; discounts; receipt and...
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... 2) Constructability and Design-Build projects 7 3) Design-Assist 7 Conclusion 8 References 10 Introduction: The Construction Industry Institute (CII) defines as “The Optimum use of construction knowledge and experience in planning, engineering, procurement and field operations to achieve overall objectives.” To further investigate the concept of constructability, it can be looked at as a measure of how easy could a certain project be constructed. It introduces integration between both the design and construction teams in order to have an end built product of lower costs, higher quality, shorter time and efficient design. Constructability principles could be applied to small, medium, and large scale projects. They have a significant effect on the overall project performance in terms of cost, time and quality. The purpose of constructability principles is to identify design errors, unclear design aspects, features that could be difficult to implement or very expensive. Applying constructability to construction projects has proven many advantages to the construction industry. The value added of applying constructability to construction projects was the reason for the wide spread of constructability principles in many projects around the world. Listed below are some of the outcomes of constructability: 1) Reducing the overall project time: The early identification of the design errors and conflicts reduces the number of RFIs during the construction. It also...
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...S ustainable sourcing and procurement Sourcing and procurement as driving forces for sustainable business b y Helen van Hoeven, Lean & Green Foreword President Obama recently said that there are only two kinds of car companies: those that sell hybrid cars and those that will sell hybrid cars in the near future. The same is true for sustainability in supply chains. There are companies that source and sell more sustainable products and there are those that will do so in the near future. With a world soon populated by nine billion people and over two billion new middle-class citizens, traditional sourcing and selling will simply be a no. You are either on the pathway to sustainable development or you are out of business. The challenge of sustainability is reshaping the relation ship between business and society. Industry needs to better manage natural resources and significantly lower its global ecological footprint. And companies need to engage much better with suppliers and workers in the emerging and developing economies. The mission of the Dutch Sustainable Trade Initiative (IDH) is to upscale and accelerate the mainstreaming of sustainability in international commodity chains. IDH joins the forces of business, non-governmental organisations, labour unions and governments. We bring diverse stakeholders together in focused and result-oriented sectoral coalitions that implement ambitious improvement programmes. These programmes tackle social, ecological and economical bottlenecks...
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...Conducting and Closing Procurements NAME;BRIAN TONY Institution; USIU Conducting and Closing Procurements Introduction For any project to be implemented, goods and services must be availed to be utilized. This is achieved through procurement whereby interested external suppliers are contracted to provide the goods and services needed. The procurement process ought to be planned in order to establish a formal and working relationship with the external suppliers. At the end of a project the procurement has to be closed and the formal relationship with the external supplier for that project then ends. Project procurement has a number of processes including planning and research, conducting the procurement, administration of the procurement and closing the procurement. Each of these components has a role in the success of the procurement process. (Sanghera, 2014) High-level process steps for conducting project procurements The process of conducting project procurements incudes an exercise whereby responses are obtained from sellers, selection of a seller who the project finds suitable and awarding the contract to this seller. This process involves utilization of various inputs, tools and techniques to obtain desirable output. The process of conducting project procurement is multistep and the process includes five major steps as follows: Specification is the first step whereby a decision is made on which products required...
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...Procurement and Marketing In International Environment The importance of “Marketing” as a concept, a practice and an orientation as being fundamental to the competitiveness and the survival of almost every organisation cannot be over emphasis in today’s business environment. Marketing is a broad topic that covers a range of aspects, including advertising, public relations, sales, and promotions and the strategies and approach adopted in implementing such tasks can be a deciding factor in the competitiveness and survival of the organisation. According to the American Marketing Association (AMA), marketing is defined as “Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.”[i] It is important because the world has become globalised and from a national stand point economic isolationism has become impossible. Failure to participate in the global market assured a nation of declining economic capability and its citizen of decrease in their standard of living.[ii] Marketing has been and will continue to be a function for the survival of any organisation. Most businesses are expanding and getting into new market areas for economic and strategic reasons and it is becoming increasingly difficult, if not possible, for companies to insulate themselves from the effect of international marketing environment, even if their products are designed...
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...Buy American Requirements David Moore Strayer University Cost and Analysis BUS 315 Michael Raponi February 17, 2016 Buy American Requirements Buy American is a section of the American Recovery and Reinvestment Act (ARRA) that substantially increases funds distributed by the federal government to the local, and state governments over a period of years illustrates that the increased funding of the federal, state and local projects imposes additional requirements on the contractors and their suppliers to ensure that the products or material composition that they utilize during the construction and completion of those projects must contain a certain percentage of USA made goods and components. Under the Buy American Act and the Buy America, products that do not meet the domestic requirements are permitted to include a ‘cost premium’ to the price that is offered to the purchaser or contractor of an item used in completing a project. Johnson suggests that the Buy American Act applies in cases where the federal government directly purchases materials or products or a federal facility or building. It requires that the final product must contain 51 percent of components made in the US. A cost waiver happens when the domestic materials are 6 percent higher than the foreign materials. The act also allows a price premium of 6 percent to be charged if the local requirements are not met. The Buy America applies to the projects undertaken by the state and local governments and...
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...First Person Authorization…..Is Objection an Option? Cindy Sleeper Ottawa University December 7, 2015 First Person Authorization….Is Objection an Option? Midwest Transplant Network (MTN), is a not-for-profit Organ Procurement Organization (OPO), which provides procurement services for the recovery of organs and tissues utilized for transplant purposes. Some individuals choose, while living, to become donors of these tissues upon their death. This is termed a “first-person authorization” and is a legal binding document that cannot be revoked by the family or legal next-of-kin. However, there are occasions where families fiercely object to donation and MTN must reflect on what path is the most ethical to pursue; follow the wishes of the donor or concede to the objection of the family. This paper will examine the three theories of ethics: utilitarian, principle-based, and virtue and discuss which theory applies to this ethical dilemma. Introduction Midwest Organ Bank was originally founded in 1973 with the sole purpose of providing organ transplant and procurement services to transplant centers and hospitals throughout Kansas and Western Missouri communities. Organs recovered for transplant included kidneys, liver, heart, lung, pancreas, and intestines. In 1990 Midwest Organ Bank added tissue recovery services to their scope of practice to enable the transplant of life-enhancing tissues. These tissues included heart valves, bone, skin, and blood vessels. In 1998...
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...STAGES OF PROCUREMENT * * Receipt of RL * Opening of File * Getting Clarification of Specs * Seeking approval for calling Quotations * Preparation of Bid documents * Selection of suppliers * Inviting Bids * Bid Opening * Bid Evaluation by TEC * PSO recs * Seeking Financial Approval * Entering to contract * Award of Tender Government Policy on procurement * The process be * efficient, effective, speedy, fully transparent * Honesty and integrity in all public procurement * Obtain financially the most advantage and quality item Need best services and supplies for the country * Public Accountability Regulatory frame work governing public procurements * Financial Regulations * Government Procurement Guidelines and Manual * Duly adopted manual of procedure of Public corporations & Government Owned Companies * Provincial Financial Regulations * Rules governing Municipal Councils, Pradeshia sabahs & Urban Councils * Government Procurement Guidelines supersede all other rules, regulations & procedures until such time they are amended Importance of Public Procurement * Procurement of vital inputs for Public Sector Investments which are fundamental for National Development * Such inputs are grouped under works, goods and services * Works covers bridges, Buildings, Harbor, Highways etc * Goods covers equipment and machineries...
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...KINYANJUI ANN NJERI P.O Box 1006-00621, VILLAGE MARKET Tel: 0703284928 Email: njerikinyanjui0@gmail.com BACKGROUND A highly talented procurement Officer with substantial knowledge in performing various duties and responsibilities in the Procurement Department. I can improve efficiency and productivity, by utilizing strong business detail-mind, an analytical thinker who adapts quickly to new roles and is tenacious with follow through Innovative team player with strong communication skills. Moreover, I can provide excellent customer service for a variety of services while multi-tasking, maintaining confidentiality, and interacting with management, employees, contractors, customers, and suppliers. Am now looking forward to obtain a position which will challenge me and help the organization continue to be successful. CAREER OBJECTIVE I look forward to upholding my professionalism, ethics and integrity in all duties and tasks assigned in order to advance my career by using excellent leadership, motivational and networking skills through both on-the-job experience and additional training to accomplish set goals and objectives that will contribute to the continued success of the company. Personal Details * Year of Birth : 1994 * Marital Status: Single Education and Professional Qualification: * Bachelors in Purchasing and Supplies Management, Jomo Kenyatta University of Agriculture and Technology, 2012-2014 * Certified Public Accountants level one, Vision...
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...essay with some of the different skills set that required in my job. In the current situation, there are three main elements from task environments that my organization will be facing, they are Customers and clients, Competitors and Government agencies respectively. Out of these three elements, Government agencies will have the greatest impact towards my job. Recently, the Ministry of Finance Singapore (MOF) has streamlines its procurement policies in order to have a transparent procurement system among the government agencies. In order to have a transparent, open and fair competition, all IT vendors are required to submit their quotations and tender bids through a Government Electronic Business (Gebiz) portal. All procurements must nonetheless be guided by a culture of prudence, and be subject to the checks and balances set out in the procurement rules. In this new procurement guideline, it definitely impacts me overall as a business development manager where my main responsibility is to bring in more possible revenue to the company. With the procurement...
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...Benefits of sustainable sourcing Sustainable procurement is a high profile matter for businesses today. It can help to save money, reduce waste, improve competitiveness and build a business’ reputation. As part of their sustainability programmes, many oil companies have invested in local transportation networks or built schools. They provide jobs and by sourcing supplies locally help to develop the local economy. The global oil industry has a responsibility to the countries in which it operates to manage its operations in as sustainable way as possible. A purchasing manager might want to consider whether the supplier behaves responsibly, for example, adhering to ethical standards or sourcing raw materials in an ethical way. For example, Shell is working with its existing suppliers to implement the Shell Supplier Principles. These set out the minimum standards which Shell suppliers need to meet. These include using energy and natural resources as efficiently as possible to minimise impact on the environment and covering health and safety issues. Efficiency Other aspects of sustainable business include managing waste effectively and reducing the company’s carbon footprint. This can be improved by choosing suppliers who also take their responsibilities towards environmental impact seriously. For example, Marks & Spencer made £70 million of efficiency savings during 2010/11. Alongside reductions in waste and packaging and increased energy efficiency, the company is working...
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...Public Procurement and supply law helps our organization in achieving the following: Promotes economy and efficiency in the use of public funds Kenya Meat Commission ensures that the public procurement procedure is conducted and the selection of tenderers made within the time limits and in the manner prescribed by this law, incurring as little costs as possible in the effecting public procurement. It provides for a fair Competition among the tenderers KMC do not limit competition among the tenderers; in particular, it does not prevent any tenderer from participating by unjustified use of the restricted procedure or by using discriminatory criteria. It promotes transparency of the organization in the use of public funds Public funds may be used only for the purposes determined by a contract concluded in the public procurement procedure. Through the Principle of Equality of Tenderers KMC may not impose conditions that would constitute territorial, subject or personal discrimination among tenderers or discrimination arising out of the classification of the business performed by the tenderers. It allows for the confidentiality of the contracts When disseminating technical specifications concerning the awarding of contracts to tenderers, KMC ensures the protection of confidentiality of the information placed at their disposal. It helps in Prevention of corruption Common measures for prevention of corruption may include, procurement officer drafting a plan and providing...
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...Federal Procurement Framework Randy P. Holder Professor: Lorna Malone LEG 440 Strayer University April 22, 2012 In implementing procurement policies, the executive branch, headed by the president, has a broad scope of managerial, and technical procurement responsibilities and procurement policy decisions, which may include, among others: supplementing and augmenting statutory procurement policies and procedures through executive orders, developing and maintaining statutory procurement policies and procedures, and determining whether to meet program needs by in-house performance or by contracting out. In the United States, the federal government has a very complicated and fragmented procurement organizational structure. First, the federal procurement operates within a democratic framework, under the constitutional check-and-balance powers of the three branches of government: Legislative, judiciary and executive. While the courts are not directly involved in setting procurement policies and rules, they try all legal cases that involve the federal government, including contract disputes, and their decisions become a source of federal procurement regulations. The Congress primarily influences the federal procurement system through laws, budget appropriations and its oversight powers. In addition, the Congress oversees federal procurements through its various standing committees, and the U.S. General Accounting Office. It also authorizes GAO to...
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...( Import ( Export IMPORT: 1. Import in 3 categories: ( Machinery for projects ( Raw materials for the industries ( Commercial items 2. Import finance: Major principles/modes 1. Musharaka & Ijarah: For import of machinery/projects 2. Hire Purchase under Shirkatul Melk (HPSM): Machinery is imported jointly by client and bank. Bank leases out its portion to the client on rent and bank gradually sells its portion on installments 3. Back to Back or Cash LC: No funded facility is required. 4. Murabaha Post Import (MPI): Funded investment Bank imports the goods at request of the client and sell the goods to the client on declared profit. 5. BAI-MURABAHA OR BAI-MUAJJAL: It is applied in selling of goods to the client . In Bai Muajjal profit may not be disclosed. EXPORT : Major principles/modes applied at Pre Shipment stage: For procurement of raw material: 1. Back to Back LC 2. Import Cash LC: Cash or under MPI 3. Bai Murabaha/ Bai Muajjal for local procurement For procurement of raw material at Processing stage: 1. Bai Salam: Purchase in advance When the raw materials arrive, Bank infuses fund by purchase of a portion of the finished goods in advance at a reduced rate...
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