Purchasing Capital Equipment | In House
Purchasing Capital Equipment - 2 day course for purchasing personnel
This is a specialist in-house course that gives delegates an in-depth examination of the techniques required to gain better value for money, reduce risk, identify whole-life costs, maintain delivery commitments and installation obligations and ensure in-service support.
Upcoming start dates
Suitability - Who should attend?
Designed for purchasing personnel with existing or potential responsibility for the purchase of capital equipment, the course is also suitable for project engineers, manufacturing managers and other personnel concerned with the purchase of capital equipment.
Training Course Content
Nature of Purchasing Capital Equipment
Differences to other types of Procurement / Capital Expenditure / Operational or Revenue Expenditure / Reducing Friction between Functions / Team Approach / Clarification of Responsibilities / Capital Expenditure Policy Statement.
The RFQ/Enquiry Package
Main Elements / Specification / Performance / Sourcing Capital Equipment Suppliers / Supplier Selection / International Standards / Non-Disclosure and Pre-Tender Documentation / Tendering / Developing Competition.
Terms and Conditions
Key Terms / Interim and Part Payments / Transfer of Property / Transfer of Risk / Price Variation / Delivery / Time of the Essence / Performance / Acceptance Criteria / Guarantees / Implications of UK Sale of Goods Legislation / Implied Terms / Dispute Resolution.
Contract Price Adjustments Formulae
Dealing with Price Variation / Lump Sum, Fixed Prices? / BEAMA Clause / Worked Example.
Progressing Delivery
Expediting Capital Equpment / Defining Expectations / Progress Reporting / Monitor and Control of Delivery / Gantt Charts / Timed Programmes / Series and Parallel Activities / Network and Path Analysis / Linking Payment to Progress / Third Party Expediting.
CapEx Check Lists
SThe PMS 100 Point Check List is provided which includes : Scope of Work / Off-loading and Storage / Insurance / Delivery / Site Facilities / Safety & Environmental / Installation & Commissioning / Operator Training / Maintenance Arrangements / Provision of Spare Parts / Intellectual Property / Law & Jurisdiction / Termination.
CapEx Contract Management Forms
Request to Invite Tenders / Contract Placement Authorisation / Contract Memorandum / Site Order Form / Variation Order Form / Contract Change Request / Certificate of Provisional Acceptance / Certificate of Final Acceptance / Contract Completion Report.
Capital Investment Appraisal
Basic Approaches / Payback / Accounting Rate of Return / Net Present Value / Discounted Cash Flow.
Case Study
Extensive use is made of a ‘real-life’ capital purchase case study to provide practical, hands-on training.
Expenses
Contact Purchasing Management Services for further information.
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