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Date/Info

Date:
9 May 2018
Time:
18:00-20:00
Venue:
One Park Crescent 1 Park Crescent LONDON W1B 1SH
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  • 2018-05-09 18:00:00 2018-05-09 20:00:00 Europe/London Was the Carillion collapse foreseeable? Yes! Please make sure that you have booked onto this event via the APM event page.   Venue: One Park Crescent, 1 Park Crescent, London. W1B 1SH One Park Crescent

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CPD:
2
Cost:
Member ticket: FREE
Non member ticket: £10.00
Organiser:
Contracts and Procurement SIG

Was the Carillion collapse foreseeable? Yes!

An evening workshop by the Contracts and Procurement SIG AGM

 

Venue: One Park Crescent, 1 Park Crescent, London. W1B 1SH

When Carillion became insolvent, it seemingly took many by surprise, but was it really a ‘surprise’ ? And importantly, what can we learn from it so that we do not appoint providers for our projects who then become insolvent?

This evening's workshop is themed around spotting the warning signs, taking practical steps to protect your organisation and projects, and dealing with provider insolvency. It will provide practical tips, from an amateur investor and a procurement professional, when undertaking financial due diligence of your providers.         

This session will cover:             

  • What are bankruptcy and insolvency? What the potential effects on your project?
  • Learning how to identify the warning signs from the perspective of an amateur investor, using publicly available information which can be accessed by any project manager or procurement professional.
  • Raising the awareness of things that can be done to spot potential failures long before they occur. This could affect many future projects large and small.
  • Improving performance in public and private procurement programmes ultimately saving many millions of pounds.
  • Commonly asked questions in typical industry Pre-Qualification Questionnaires (PQQ). 


However there are still many questions: 

  • Does this information go far enough?
  • Do we understand what the provider’s responses are telling us?
  • Who reviews the responses?
  • Are there scenarios where unsuitable providers might still be awarded contracts?
  • How to validate the strategy in contracting the provider and determine the desired benefits?
  • Finally, could more be done?

We will use break-out sessions to get you involved in considering what information you think would be useful to know about potential providers, and the questions that could or should be asked. The evening will culminate in bringing delegates thoughts together, and then working together to identify ‘fit for purpose’ PQQ questions across a range of relevant financial indicators.

Join us and help determine what courses of action might then be indicated.    

 

Dr Jon Broome, deputy chair of the C&P SIG, is the managing consultant of Leading Edge Projects Consulting Ltd.

Jon started investing when he became fed up being charged for sub-standard performance. Having learnt some lessons the hard way, he is now exceeding in the yearly benchmark indexes. He will explain what he looks for in a company before investing and how Carillion’s accounts were the exact opposite of what a ‘good’ companies’ look like!
 

Philip Reese is a procurement consultant and director of Reese Procurement Limited. As well as membership of APM, Philip is a Chartered Quantity Surveyor, and professional member of CIPS.

He has over 20 years’ global experience of pre-qualifying suppliers and contract management of supply chains.

 

Previous presentations and webinars can be viewed on the APM Slideshare and YouTube channels.


Who should attend:
Project managers, procurement specialists, government and private industry project sponsors, students of commerce.

This event is suitable for professionals with an intermediate level of experience.

APM Body of Knowledge reference

Section Description
3.7.3
3.7.1
4.4
Contract
Procurement
Law

 

#apmcandp

 


 

Notice of Contracts and Procurement SIG 2018 Annual General Meeting

The Annual General Meeting (AGM) of the Contracts and Procurement SIG will take place at 18:30hours at the start of the SIGs Was the Carillion collapse foreseeable? Yes! evening workshop on Wednesday 9 May 2018 taking place at One Park Crescent, 1 Park Crescent, London, W1B 1SH.

AGM agenda

 

  • Welcome/apologies
  • Minutes from the previous AGM
  • Chair's report
  • Election of committee (The officer posts of Chair and Secretary will be elected at the first committee meeting following the AGM)

 

Any APM individual member wishing to add an item to the above agenda, or wishing to nominate themselves for the committee should submit the details in writing by no later than 23:59hours on Tuesday 1 May 2018.

 

Please note the eligibility requirements below for membership of the SIG committee.

If you are in doubt or have any questions, please email c&psig@apm.org.uk

 

Role

Eligibility

Chair

Associate, Full or Fellow member with at least one years APM membership and membership of the SIG committee

Secretary

Associate, Full or Fellow member with at least one years APM membership and membership of the SIG committee

Committee

Student, Associate, Full or Fellow member only

 

 

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