CONFERENCE DAY TWO
Download the Full Event Guide to see the expert speakers, a full in-depth 3-day agenda, the hours of networking opportunities, and how you can get involved in the discussion - all in one document!
7.15 Coffee & Networking
8.00 Chair’s Opening Remarks
Overcoming Cost Escalations During Disruption
8.10 Understanding the State of the Market: Managing Risk During Rapid Cost Escalation of Raw Materials
Synopsis
- Addressing current global events, market volatility and the impact of the availability and cost of raw materials
- Understanding when market fluctuations can result in exploitation for profit and how to minimize the negative effects of cost escalation
- Predicting future costs and tracking market trends to better understand and respond to future cost escalation
8.50 Dealing With Material Cost Escalation to Stay on Budget
Synopsis
- Evaluating when to explore alternative materials or products to provide options during times of price escalation
- Monitoring project cost risks and mitigating with activities, such as monthly risk workshops or weekly trend log meetings to help flag trends and their financial impacts
- Establishing contingency plans and protocols to manage increasing costs and reduce the possibility of running over budget
10.00 Morning Refreshments
Streamlining Project Procurement
10.40 Procuring Equipment in the Design Phase to Prevent Critical Path Delays & Inflating Costs During Market Volatility
Synopsis
- Evaluating when to purchase materials and equipment before the design phase is complete: what are the potential risks and when could it reduce costs and lead times?
- Unravelling how the design phase needs to be adapted to allow for the early procurement of equipment
- Revealing lessons learned from pre-emptively ordering materials and equipment
11.20 Including Manufacturers in the Design Phase to Identify Issues, Share Information & De-Risk Your Scheduling Forecast
Synopsis
- Evaluating how early manufacturer inclusion would enable contribution to crucial information and support that can align projects with budgets and timelines better
- Establishing the areas in which manufacturers can provide insight during design to discover whether additional value can be shared
- Negotiating with your project team to overcome resistance to including key manufacturers early due to competitive bidding practices
12.00 Lunch Break
1.00 Case-Study: Improving Collaboration Between Project Teams & Suppliers to Streamline Project Progress
Synopsis
- Collaborating with all contractors and manufacturers from the outset of a project to better understand schedule expectations
- Aligning with manufacturers on their availability and capacity to work together on a realistic schedule
- Establishing trust with all partners to remove supplier and trade fear of litigation, and ensure the duration of a project timeline is met
- Collaborating with project partners on the latest efficiencies and automated processes that can alleviate disruption
1.40 Buying Low-Carbon Products to Meet Your Company’s & Client’s Sustainability Goals
Synopsis
- Evaluating changing client preferences in reference to carbon, water and waste reduction measures, and how that impacts procurement
- Reflecting on new legal and sustainability standards, and how they differ across states, to adapt to changing regulations
- Understanding the process of buying finished products internationally and how to ensure compliance with new regulations
The Future of Construction Procurement
2.20 Future-Focused Panel: Navigating Changing Regulations & Market Conditions to Secure Future Supply Chain Stability
Synopsis
- Evaluating high-demand infrastructure, such as data centers, and the impact that supply chain constraints will inhibit growth
- Understanding the ‘why’ behind leveling the playing field: fostering a more inclusive supply chain by working with MWBE and sustainable businesses to meet client and company ESG targets
- Addressing how products are adapting to meet dynamic regulator requirements to ensure compliance and market readiness in a rapidly evolving regulatory landscape