PROCUREMENT
Set up for success To get the most from a supplier on a fixed price contract the relationship must be a two way street of cooperation . All contractors and consultants are to some degree dependent on the client resource to be able to do a good job .
There must be regular meetings scheduled between each side where they can get together and address any issues before they become big problems . Things don ’ t always go to plan and having regular contact and building the relationship means that it is easier for each side to work together to make the project a success .
Break a project down Fixed price projects are generally only feasible up to a value of around £ 100,000 , above this price and the size of the project means that there are too many unknowns to be able to price accurately .
But most projects can be broken down into smaller chunks that can be successfully managed with a fixed price contract . A good supplier will be able to advise the best way to do this
26 October 2014