Global Standard for Procurement and Supply

Current segment

Level: Advanced Professional

Theme: Contracting

Segment 5.7 Leading Improvements in Contracting Practice

Segment 5.7 Leading Improvements in Contracting Practice

Knowledge: Will know and understand Capabilities: Will be able to

The impact of undertaking major programmes and projects on supply chain relationships

Engage in forums, seminars and other events that promote best practice in programme and project management across supply chains

The use of project partnering and strategic partnering relationships in projects and programme management

Encourage and lead the appropriate use of project partnering and strategic partnering

The development and use of model form contracts in the contracting environment

Participate in consultation activities and other events to improve model form contracts and industry practice

Benchmarking of programmes and projects

Liaise with organisations that have led innovative programmes and projects and share best practice with the organisation’s stakeholders

The risk appetite of the organisation, risk analysis and impact of risks on the reputation and performance of organisations

Encourage the adoption and use of standards that identify, manage and mitigate risks in the supply chain

The use of financial levers such as payment scheduling, gain share/risk and reward contracting 

Make effective use of payment and risk / reward sharing contracting approaches to minimise risk, motivate performance, drive innovation and maximise cash flow

Regulations that impact on sectors and organisations

Provide advice to colleagues and stakeholders about relevant regulations and compliance issues that affect contracts within the supply chain

The principles, tools, processes and best practices in management of contracts and supplier performance

Make effective use of robust contract management disciplines, key performance indicators and service level agreements to mitigate risk and ensure high quality contract outcomes

The forms of dispute resolution such as litigation, arbitration, alternative dispute resolution including adjudication, mediation, conciliation and expert determination and negotiation

Lead dispute resolution, transition arrangements and exit strategies with appointed contractors and suppliers

The use of contract registers and the evaluation of the associated data and information

Promote the understanding of existing contracts and the relevance of key information contained within them to internal stakeholders

Knowledge: Will know and understand

The impact of undertaking major programmes and projects on supply chain relationships

Capabilities: Will be able to

Engage in forums, seminars and other events that promote best practice in programme and project management across supply chains

Knowledge: Will know and understand

The use of project partnering and strategic partnering relationships in projects and programme management

Capabilities: Will be able to

Encourage and lead the appropriate use of project partnering and strategic partnering

Knowledge: Will know and understand

The development and use of model form contracts in the contracting environment

Capabilities: Will be able to

Participate in consultation activities and other events to improve model form contracts and industry practice

Knowledge: Will know and understand

Benchmarking of programmes and projects

Capabilities: Will be able to

Liaise with organisations that have led innovative programmes and projects and share best practice with the organisation’s stakeholders

Knowledge: Will know and understand

The risk appetite of the organisation, risk analysis and impact of risks on the reputation and performance of organisations

Capabilities: Will be able to

Encourage the adoption and use of standards that identify, manage and mitigate risks in the supply chain

Knowledge: Will know and understand

The use of financial levers such as payment scheduling, gain share/risk and reward contracting 

Capabilities: Will be able to

Make effective use of payment and risk / reward sharing contracting approaches to minimise risk, motivate performance, drive innovation and maximise cash flow

Knowledge: Will know and understand

Regulations that impact on sectors and organisations

Capabilities: Will be able to

Provide advice to colleagues and stakeholders about relevant regulations and compliance issues that affect contracts within the supply chain

Knowledge: Will know and understand

The principles, tools, processes and best practices in management of contracts and supplier performance

Capabilities: Will be able to

Make effective use of robust contract management disciplines, key performance indicators and service level agreements to mitigate risk and ensure high quality contract outcomes

Knowledge: Will know and understand

The forms of dispute resolution such as litigation, arbitration, alternative dispute resolution including adjudication, mediation, conciliation and expert determination and negotiation

Capabilities: Will be able to

Lead dispute resolution, transition arrangements and exit strategies with appointed contractors and suppliers

Knowledge: Will know and understand

The use of contract registers and the evaluation of the associated data and information

Capabilities: Will be able to

Promote the understanding of existing contracts and the relevance of key information contained within them to internal stakeholders

This segment was last updated on: 20th May 2021

The Global Standard for Procurement and Supply structure

Released in 2014 the Standard is a competency framework of procurement and supply skills, knowledge and capabilities that can be used by individuals and organisations to identity training and professional development needs at varying levels of competency.

The Global Standard for Procurement and Supply structure
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