Current segment
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 |
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
This segment was last updated on: 5th November 2024
