Effective Procurement in Strata Management

Property management is a complex job that involves handling a variety of responsibilities. Ensuring that properties are well-maintained, managing owner relationship, and complying with local authority regulations is the major part of property management. However, to achieve this goal it was not easy and it come with challenges to property manager. One of the challenges is a conducting procurement and tender effectively. Completing a checklist of tender procedure contribute much into effective procurement and manage to have goods or services at optimum price. Tender process involves a series of activities such as i) Selection of the best procurement method; ii) Preparation of Tender Document; iii) Invitation to Tender; iv) Selling of Document Tender; v) Preparation of tender estimates; vi) Submission of Tender; vii) Received & Opening Tender; viii) Evaluation of Tender; and ix) Acceptance of Tender. Every property management should equip themselves with procurement knowledge and execute tender process to obtain goods or services at reasonable price and transparent level.

Outlines of Session

1. Introduction and Objectives
   • Differences between Procurement and Purchasing
   • Knowing the best Procurement Method
   • Enhanced Transparency
   • Objectives
2. Types of Tenders
   • Open Tender
   • Selective Tender
   • Direct Negotiation
3. Tender Process
   • Preparation of Tender Document
   • Invitation To Tender
   • Selling of Tender Document
   • Submission of Tender
   • Received and Opening of Tender
   • Acceptance of Tender