Become a Certified Construction Procurement Management Specialist
This course is broadly divided into 8 sections. Every video is not merely theory-based but an application of real project site examples and case studies coming out of my experience in this department. Also, each section has a quiz to summarize the knowledge gained. You will never feel bored at any instance of the video series. This course can prove significant in your career and the concepts of procurement can give you an edge over many people in construction. Getting certified in this course shall help you land in an office based job in any big organization.
What you’ll learn
- Full process of procurement in construction from strategizing to closeout.
- Payment terms & financials associated with procurement.
- How the tender document is prepared, floated and sub-contractor is finalized.
- Practical examples and case studies of procurement from real project sites.
- Earned Value Management (EVM) for tracking subcontractor’s cost & schedule performances.
- Understanding terminologies related to contracts in procurement – Types and various clauses/conditions.
Course Content
- Introduction & Course Outline –> 3 lectures • 24min.
- Procurement Planning & Strategy –> 10 lectures • 1hr 28min.
- Tendering & Bidding for Procurement –> 8 lectures • 50min.
- Evaluation, Negotiation, and Contract Award to Subcontractor –> 6 lectures • 47min.
- Work Package Execution by Subcontractor at Site –> 4 lectures • 30min.
- Terms & Conditions of Payment for Subcontractors –> 9 lectures • 1hr 3min.
- Claims & Disputes with Subcontractors in Procurement –> 7 lectures • 39min.
- Closeout of Procurement –> 2 lectures • 12min.
Requirements
This course is broadly divided into 8 sections. Every video is not merely theory-based but an application of real project site examples and case studies coming out of my experience in this department. Also, each section has a quiz to summarize the knowledge gained. You will never feel bored at any instance of the video series. This course can prove significant in your career and the concepts of procurement can give you an edge over many people in construction. Getting certified in this course shall help you land in an office based job in any big organization.
The section details are as follows –
Section 1 (Introduction & Course Outline) – Defines procurement in reference to construction, its significance and outlines the course curriculum.
Section 2 (Procurement Planning & Strategy) – The most initial stage of procurement that helps you plan and strategize procurement through creation of work breakdown structure, assigning budget to each package, identifying schedule requirements, deciding to self-perform or procure, choosing right subcontractors and their contracts.
Section 3 (Tendering & Bidding for Procurement) – After planning in and out for what to procure & how to procure, it’s the time to float your tender in the market to prequalified subcontractors through a NIT. Detailed knowledge of what to include in a tender document with samples & formats is presented. Closing the section with pre bid meeting and its significance.
Section 4 (Evaluation, Negotiation, and Contract Award to Subcontractors) – Having received the bids, it is the time to analyze and compare their quotations and take a call on finalization of agency for your work package after getting approvals from management. Furthermore, WO/PO/SO is released to the agency as a confirmation to start the works. Procurement tracker helps you to track all details for various work packages of your project in reference to several agency data.
Section 5 (Work Package Execution by Subcontractor at Site) – The subcontractor is now onboard and working. Being a main contractor, how to track their schedule and cost is depicted in this section with example. Also, order amendments during the course of execution is presented with an interesting case study.
Section 6 (Terms & Conditions of Payment for Subcontractors) – Paying your subcontractors on time is important and even more important is understanding the terminologies associated with procurement payment terms. The same is explained in details in this section through distinct examples and case study.
Section 7 (Claims & Disputes with Subcontractors in Procurement) – What are claims and disputes, their sources, examples, case studies, etc. is talked about in this section.
Section 8 (Closeout of Procurement) – How to close the contract with subcontractors and the key documents required for the same is the highlight of this section.
And, you are ready to take over duties of procurement in construction !!!