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Implementing Purchasing Policies

Understand best practices in drafting and modifying procurement procedures.

Many private companies, recognizing the central importance of procurement practices to their business, have a need to streamline and organize their procurement policies and better train their procurement staff to spot potential issues and legal liability that may arise from their purchasing operations. This course will help those responsible for procurement to understand best practices in drafting/modifying procurement procedures and the different types of competitive procurements, and when each type should be utilized. The material will also help identify potential issues and red flags that may arise during the procurement process and review how to draft general terms and conditions to be used in purchasing operations.

63 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Organization/Drafting of Procurement Procedures (20 minutes)

  • Defined Levels of Purchasing Authority
  • Competitive Procurement Requirements
  • Exceptions to Competitive Procurement

Types of Competitive Procurements (10 minutes)

  • Invitations for Bids/Invitations to Bid
  • Request for Proposals

Other Procurement Considerations (20 minutes)

  • Federal Funding Clauses
  • Gift Policy
  • Confidential Information/Trade Secrets
  • Question and Answer Process

General Terms and Conditions (10 minutes)

  • Contract Renewals/Modifications
  • Equitable Adjustments
  • Assignment/Change of Control Transactions
  • Arbitration/Dispute Resolution

Questions and Answers (5 minutes)

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on July 20, 2022.

Call 1-866-352-9540 for further credit information.

  • AIPB 1.0
     
  • This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • ISM 1.0
     
  • Participants who successfully complete this program will receive 1.0 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Daniel P. Hanlon

Daniel P. Hanlon

Holland & Knight LLP

  • Partner at Holland & Knight LLP
  • Practices in the area of litigation and dispute resolution, with particular emphasis on governmental, administrative, and public procurement litigation at the local, state, and federal levels of government
  • Handles bid protests before a number of bodies, including the U.S. Government Accountability Office (GAO) and the Florida Division of Administrative Hearings; also assists clients in litigating government procurement cases before state and federal courts, as well as reviewing purchase agreements and conducting due diligence for government contractors engaged in mergers and acquisitions
  • J.D. degree, summa cum laude, University of Miami School of Law; B.B.A. degree in political science, magna cum laude, University of Miami
  • Can be contacted at [email protected]
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Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 409674
Published 2022
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