PMS Training

Objectives

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.

Outcomes

This is a specialist course that gives delegates an in-depth examination of the techniques required to gain better value for money, reduce whole-life costs, maintain delivery commitments and installation obligations and to ensure the optimum in-service support.

Course Content

Nature of Purchasing Capital Equipment

Differences to other types of Purchasing / Specification / Competition.

Financial Aspects

Capital Investment Appraisal / Payback / Discounted Cash Flow / Return on Investment / Buying from Overseas. 

Relationships with other Departments

Technical Department / End User / Team Approach. 

Terms and Conditions

Part Payments / Transfer of Property / Time of the Essence / Performance Guarantees. 

Clarification of Responsibilities

For Transport / Unloading / Installation / Commissioning / Maintenance / Provision of Spares.

Check Lists

Development of PMS Check Lists to cover all aspects of Capital Equipment including Specification / Scope of Work / Price / Price Variation / Payment Terms / Delivery / Site Facilities / Safety & Environmental / Installation & Commissioning / Provisional Acceptance / Final Acceptance / Title / Risk / Documentation / Guarantees / Spares / IPR / Law & Jurisdiction etc.

Contract Price Adjustments Formulae

Review of Standard Formulae Available / BEAMA / Deriving your own Formula / Worked Examples.

 Progressing Delivery

Relationship to Part Payment / Supplier Visits / Critical Path Analysis.

 Case Study

Extensive use is made of a case study to provide practical hands-on training.

Course Fee

Course Duration

Two day non-residential course.

PMS has preferential rates for accommodation with three excellent city hotels within walking distance of the Training Centre.        

Course Reviews