Mastering Procurement In Construction – A To Z

Free Download Mastering Procurement In Construction – A To Z
Published 10/2024
MP4 | Video: h264, 1920×1080 | Audio: AAC, 44.1 KHz
Language: English | Size: 2.67 GB | Duration: 5h 54m
Become a Certified Construction Procurement Management Specialist

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
Requirements
Eagerness to learn is the only requirement. Course starts from very basics and does not necessarily require any prior experience
Description
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 !!!
Overview
Section 1: Introduction & Course Outline
Lecture 1 Introduction to Construction Procurement
Lecture 2 Why is Procurement Significant in Construction ?
Lecture 3 Course Outline
Section 2: Procurement Planning & Strategy
Lecture 4 Let’s Find All the Work Packages in a Project – WBS
Lecture 5 Learn to Create a WBS
Lecture 6 Types of WBS for Procurement Detailing
Lecture 7 Budget of Each Work Package for Procurement Baselining
Lecture 8 Case Study of Procurement Budget – False Ceiling Works
Lecture 9 Excel Sheet for Budget Summary of All Procurement Packages
Lecture 10 Schedule of Procurement Packages
Lecture 11 Should You Self-Perform or Subcontract ? Let’s Compare & Decide
Lecture 12 Choosing the Right Subcontractor – Labor, Material, Equipment, NSC, B2B, NC
Lecture 13 Finding Appropriate Contract Type for Procurement
Section 3: Tendering & Bidding for Procurement
Lecture 14 Choosing the Best Subcontractors for Our Project – Prequalification
Lecture 15 Prequalification Form of Subcontractors – Sample
Lecture 16 Preparing the Tender Documents for Procurement
Lecture 17 BOQ Sample for Earthwork & Backfilling
Lecture 18 Scope Matrix Sample for Wooden Joineries
Lecture 19 Let’s Invite Subcontractors Through Notice Inviting Tender (NIT)
Lecture 20 Sample NIT for Excavation Works Agency Procurement in Construction
Lecture 21 Resolving Queries of Subcontractors Before Final Bids – Pre Bid Meeting
Section 4: Evaluation, Negotiation, and Contract Award to Subcontractor
Lecture 22 Bid Comparative Analysis of Subcontractors for Tile Supply & Installation
Lecture 23 Approval of Subcontractor from Management in Company
Lecture 24 Case Study for Management Approval – Radiology & Fluoroscopy Procurement
Lecture 25 Let’s Give Work Order/Purchase Order/Service Order to Subcontractor
Lecture 26 Format of Work Order in Construction Procurement
Lecture 27 Detailed Procurement Tracker for Work Packages Using Excel Sheet
Section 5: Work Package Execution by Subcontractor at Site
Lecture 28 Let’s Track Subcontractor’s Cost & Schedule Performance – EVM
Lecture 29 Practical Application of Earned Value Management for Concreting Works
Lecture 30 Procurement Order Amendments by Subcontractors
Lecture 31 Case Study of Order Amendment – Waterproofing Works
Section 6: Terms & Conditions of Payment for Subcontractors
Lecture 32 What are Terms of Payment in Procurement ?
Lecture 33 Practical Examples of Terms of Payment in Procurement Contracts
Lecture 34 Defects Liability Period (DLP) for Subcontracted Work
Lecture 35 Performance Bank Guarantee (PBG) Submission by Subcontractors
Lecture 36 How Much Money to Retain from Subcontractor’s RA Bills ? – Security Deposit
Lecture 37 Liquidated Damages (LD) and Bonus in Procurement
Lecture 38 Extension of Time (EoT) in Construction Procurement
Lecture 39 Price Variation or Escalation Clause for Volatile Construction Materials
Lecture 40 Case Study on Terms of Payment – Supply & Installation of Wooden Joinery
Section 7: Claims & Disputes with Subcontractors in Procurement
Lecture 41 What is a Claim in Procurement ?
Lecture 42 Sources of Claims – Scope Changes, Delays, Performance, etc.
Lecture 43 Avoiding Claims with Your Subcontractors for Seamless Procurement
Lecture 44 Case Study on Claims – A3 Expressway Construction
Lecture 45 What is a Dispute in Procurement ?
Lecture 46 Dispute Resolution Methods in Construction Procurement
Lecture 47 Case Study on Dispute Resolution – Stone Column Installation
Section 8: Closeout of Procurement
Lecture 48 Meaning of Closeout & Checklist of Closing Procurement with Subcontractors
Lecture 49 Key Documents for Closeout – Warranties, Contract, Manuals, Permits, Approvals
Anyone who wishes to establish their career in Procurement profile,Professionals who want to learn in depth about procurement strategies & processes

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