Procuring and Managing Construction Contracts under the Procurement Act 2023

About this event

The public sector spends several billion pounds annually on procuring construction projects (accounts for nearly 40% of UK construction industry turnover) and having ideal arrangements in place allows commercial risks to be managed and ensure that everything runs as smoothly as possible.

The Procurement Act 2023 and supporting Regulations introduce a plethora of new rules and practices which practitioners will need to get to grips to be able to procure works contract after October this year. This event will offer delegates detailed and practical explanation of what and how the current procedures relating to works contract (including how the PA23 provisions will apply to standard works contracts) need to be updated.

Who should attend

The webinar will support heads of procurement, senior finance, procurement lawyers, project managers, senior auditors and contract managers who support the development, design and procurement of construction projects.

How you will benefit

Key learning outcomes include:

• Explanation of terminology and procedural changes introduced by the new Procurement Act 2023 as it relates to works contracts.
• Develop specialist knowledge about the new public procurement and contract management process to support delivery of quality projects.
• How to ensure the chosen procurement method does not directly lead to time overruns.
• Importance of standardisation, reduced cost of procurement and incorporating sustainability issues.
• Tips on selecting the optimal and innovating procurement methods to reduce risk.
• Managing client expectations to ensure best value for money and compliance with the PA23.

CPD hours

Five and a half hours.