Course Duration
This is a 1 day course.
Course Description
This is a one day course. Understanding how suppliers bid strategy derives costs and charges and how contract standards and terms can reduce bid costs gives purchasers greater leverage in contract negotiations.
Learning Outcomes
On completion Learners will be able to:
- Understand supplier perspective of cost, profitability and cash flow against sector pricing benchmarks
- Understand the range of pricing arrangements and their implications for value for money
- Understand how pricing terms are written into a contract to reflect risk for each party
- Understand how different pricing models may appear in a contract, triggers for review and options open
Target Audience
For staff with delegated purchasing powers who understand the contract lifecycle