As the Cayman public sector is responsible for acquiring millions of dollars every year in goods, services, and works, it is critical there be a corps of public servants trained in effective procurement practices. A recent study by the Volcker Alliance titled “ Doing the People’s Business ” identified 12 key competencies for those responsible for public procurement:
Understand the policies, procedures, rules, and regulations that govern procurement decisions and contract design. Apply these policies in a manner that enables innovative solutions to achieve desired outcomes rather than imposes constraints. Comply with public policy mandates, such as procurement-related socioeconomic goals and support for disadvantaged businesses.
Provide effective coordination for the purchase of public goods and services through project planning, developing and executing schedules and time lines,and managing for outcomes.
Understand the mechanics of contracts and the contracting process, including the acquisition life cycle, elements of a contract, method and strategy, pricing techniques, competition, and principles of contract management. understand electronic contract management systems and reporting tools that support contract workflow and data reporting.
Comprehend internal customer needs and desired outcomes; structure requirements for solicitations and contracts to support overall mission.
Serve as a business adviser and manager throughout the procurement life cycle, and demonstrate a firm grasp of business and market fundamentals. Conduct fundamental procurement financial analyses:
Apply critical thinking skills to develop innovative solutions that balance internal customer needs, best practices, core mission objectives, and procurement regulations.
Analyze and manage all aspects of financial, time line, performance, and legal risk associated with complex procurements.
Develop and execute effective negotiation approaches based on a strong understanding of supplier costs and pricing strategies, and of product capabilities.
Work with internal customers to ensure suppliers are meeting agreed-on deliverables. Manage contract change orders with appropriate justifications. Ensure government is providing suppliers with appropriate feedback and resources. Close out contracts efficiently and effectively.
Possess deep expertise in targeted industry sectors, including market trends, innovations, pricing and cost, competition, and best practices for structuring relationships. (examples of targeted sectors common to public agencies include information technology, facilities management and services, and professional services.)
Provide effective coordination for the purchase of public goods and services through project planning, developing and executing schedules and time lines,and managing for outcomes.
Partner with suppliers throughout the procurement process to ensure proper understanding of internal customer requirements and needs. Provide ongoing management of relationships with suppliers through the entire process to ensure performance against requirements and alignment with broader mission goals.
© 2016 VOLCKER ALLIANCE, INC.
Printed June 2016
The Volcker Alliance Inc. hereby grants a worldwide, royalty-free, non-sublicensable, non-exclusive license to download and distribute the Volcker Alliance paper entitled “Doing the People’s Business” (the “Paper”) for non-commercial purposes only, provided that the Paper’s copyright notice and this legend are included on all copies.
To access recognized quality procurement training resources click here:
Organizations, just like people, mature and change over time and the same is true for their overall approach to procurement. The journey from an Ad Hoc Model to a Professional Model takes time, training and resources.
The Central Procurement Office is a member and proudly endorses the NIGP: The Institute for Public Procurement, the main public procurement body representing over 3000 public agencies and 15,000 members around the world. The NIGP can provide resources and training to public organizations and people wanting to follow the path to a Professional Model.
To learn about the different Procurement Models click here.
To get started today on your path, to access resources you need, or to learn more about the pathway click here. Procurement Maturity Pathway