WHO SHOULD ATTEND
All teams involved in the management of asset procurement. Engineers and decision makers also involved in the procurement of assets.
DURATION/FEES
A 2-day single manned course.
 
£900 per man-day exclusive of travel and subsistence expenses, which will be charged at cost*.
 
All exclusive of VAT charged at the rate applicable on date of invoice.
 
 
*Prices are for the delivery of the course and not per delegate.
COURSE TUTORS
Mike Woods, Kieran McGregor, Andy Newstead, Mark Moore
INTERESTED??
E-mail Mike Woods for more information
TRAINING COURSE:
PURCHASING CAPITAL ASSETS

COURSE OBJECTIVES
 
To cover the practical aspects of specifying, tendering, and evaluation of competing options for capital expenditure. A practical tools and techniques oriented course aimed at arming attendees with a toolkit for managing this element of their procurement mix.
 
 
COURSE CONTENTS
 
Day 1
 
Defining assets
Financial definition
What is the organisations commitment to asset procurement?
The impact of asset procurement on the financial position
 
Managing tenders for assets
The importance of specification
Getting the specification right
Using performance specifications to increase options for supply
 
Seeking and selecting suppliers
Finding suppliers in a worldwide market
Appraising suppliers
Developing a consistent approach
 
Tendering on a total life cost basis
The total cost of ownership or total life cost
Examples of added costs
Evaluating offers on a total life cost basis
Using discounted cash flow techniques
 
Day 2
 
Setting up contracts
Contractual terms for TCOO
Intellectual property rights
Battle of the forms
Remedies for default
 
Managing the ongoing relationship
Variations to contract
Buying spares
Upgrades
Maintenance
Disposal