Tendering for work and contracts with large buyers can often be daunting and if you are fortunate enough to win one, then comes the worry of “How do I finance this project? How do I ensure we have enough resources to complete the works on time and on budget to a high standard? How will I pay my team and suppliers when invoices deadlines are often set 30, 60 or even 90 days from issue date?”. With our Finance for Procurement masterclass these concerns will be addressed and we will provide solutions to your questions and issues. You will learn about financing options available to SMEs, both to ensure cash flow is liquid and to demonstrate realiable and sustainable business processes to your larger buyers and partners.
During this session we will address:
1. The importance of business planning
2. Financial statements and financial ratios
3. Working capital and how to calculate it
4. Overview of financial solutions for the businesss
5. Long term and short term.
6. Invoice finance
7. Construction finance
8. Trade finance
9. Asset finance.
1. A brief Introduction from the Procurement Team at University Of East London.
2.Carlos Gonzalez, Commercial Finance Expert.
Carlos is a Commercial Finance Expert who has more than 20 years experience in consulting companies on how to fund their growth. He has a wealth of experience acquired by working for top tier financial institutions in Spain, Portugal and UK.
At present he provides commercial finance advice to SMEs.
He is well known in the city as a financial expert and is invited regularly to speak about how to raise finance for SMEs, funding organizations or groups of entrepreneurs, providing valuable insight on the different available funding solutions for businesses.
THE PROCUREMENT TOOLBOX WORKSHOP SERIES
09/06 Launch: Procurement Tool Box- How to Find,Pitch & Deliver to large buyers as an SME - Register
09/13 Quality Management Systems by Paragon QMS - Register
09/19 Cyber Security by KPMG
09/29 Get Your Finances Procurement Ready
10/04 Aspiring to supply large clients? – A reality check! MSDUK - Register
10/11 Tender Writing- Register
More classes and list updated with Eventbrite links are coming soon.
You are free to pick and choose the topics you find most needed for your situation and business: however the series is designed so as attending as many as possible classes will arm you with the most useful information for competing for, winning and delivering large buyers.
INTRODUCING THE PROCUREMENT TOOLBOX
As part of GetSet’s work in supporting the growth and development of investment ready organisations, we are up-skilling and educating SMEs in relation to the Supply Chain agenda. We shine light to the requirements and best practices as well as giving them the tools to become more competitive and fit to supply.
Recognising the importance of the traditional “Meet the Buyer” approach and how many large buyers, through these and similar processes, allow SMEs access to their Supply Chains, the Procurement Toolbox is also designed to gather vital information from large buyers and share this intel with the Small Business aspiring to sell their product or service to the large buyers.
We offer it as a series of workshop- based and peer-to-peer interventions that allow SMEs to confidently and compliantly complete an open tender or present their services or products to a buyer in a large organisation.
In addition to giving direct links to real, live opportunities, this will also sign-post SMEs to tenders and useful sources of information, as well as providing the necessary support to increase the ability of our clients to compete for, win and execute Supply Chain opportunities.
Please be advised that while the event is free of charge, we will ask you to fill in a registration form and session feedback form. GetSet for Growth is a fully funded program set up to support East London entrepreneurs and these bits of paperwork enable us to track our progress, measure our impact and continue providing you free services.
Registered participants based in Hackney, Islington, Newham, Tower Hamlets and Waltham Forest are also eligible for free of charge ongoing one to one marketing or financial support with our advisers.