Role of Procurement in EPC Construction Projects
Engineering Procurement and Construction (EPC) Industry – Procurement and contracts roles and responsibilities
Description
In this course, we’ll walk you through the entire the Role and responsibilities of Procurement Professional in EPC / Construction Industry in a step by step format in a simple and easier way from the Procurement process Pre-ordering to Post Ordering not limiting to
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Introduction to EPC contracts
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Planning
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Global / international sourcing
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Vendor development and pre- qualifications
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Criteria of prequalification
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Field expertise
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Experience list
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Financial background
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Organizational structure
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Joint venture
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Quality certifications
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Previous completion certifications
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Health safety environment culture
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Manpower
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Machinery
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Request for quotes
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Technical bid evaluation
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Single source vendor or monopoly selection
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Commercial negotiations
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Investigation
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Comparison Statement
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Presentation
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Bargaining
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Closure
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Leverage effect of Procurement
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PO Acknowledgement
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Notification for Unsuccessful Vendors
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Processing advance payments
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Kick off meetings
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Vendor detail engineering
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Review cycles
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Progress monitoring
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Contract Drafting
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Purchase order and amendments
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Authority of person signing documents:
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Responsibility for performance of purchase order
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General
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Sub – letting of purchase order
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Responsibility for completeness
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Purchase order and reference document
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Acceptance
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Price & payment terms
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Terms of payment
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Security bank guarantee
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Invoicing process
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Final payment
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Bank charges
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Insurance and taxes
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Taxes and duties
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Property and risk
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Acceptance of purchase order
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Guarantees / warranties
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Equipment guarantees and warranties
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Performance
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Royalties and patents
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Vendor represents and warrants
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Schedule
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Liquidated damages
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Liquidated damages (LD) for late delivery
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Liquidated damages towards non- achievement of performance parameters
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Indemnity
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Limitation of liability
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Payment by the vendor and liens
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Assertion of rights
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Assignment and bankruptcy
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Compliance with specifications
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Drawings
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Property of drawings and information
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Quality assurance
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Quality control
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Expediting and inspection
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Changes in goods to be supplied
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Shipping instruction and shipping documentation
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Invoicing instructions
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Deliverables to be provided after release of purchase order
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Delivery
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Receipt
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Consequential damages
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Vendor manuals
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Supervision of installation till performance guarantee tests
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Packaging & marking
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Rights not waived by payment or certificate
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Termination of purchase order
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Insolvency and breach of purchase order conditions
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Force majeure
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Arbitration
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Governing laws
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Remedies of contractor
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Shipping terms
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Confidentiality
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Entire agreement
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Effectiveness
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Liens
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Health safety environmental requirements
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Interdepartmental Coordination’s
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Coordination with Finance Department
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– Budget forecast on invoice payments
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– Milestone payments delay
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Logistics Coordination
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– Oversized consignments
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– Warehouse
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Construction coordination
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Commissioning coordination
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Vendor Performance Evaluation
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Procurement QMS Audits
We’ll also cover all of the big new changes coming down the pike in terms of Incoterms 2020 and other significant contract clauses in general terms and conditions documents.
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Incoterms
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E- terms
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EXW Ex-works
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F- terms
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FCA Free Career
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FAS Free Alongside Ship
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FOB Free on Board
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C- terms
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CPT Carriage Paid To
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CFR Cost and Freight
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CIF Cost Insurance Freight
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CPT Carriage Paid To
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D- Terms
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DPU Delivered at Place Unloaded
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DAP Delivered at Place
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DDP Delivered duty paid
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LOA – Letter of Award
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The course will change and improve perception of Procurement Professional on the Industry. Recommending Freshers and Budding EPC Procurement and Project Management Professionals to study the entire course. The procurement process is one of the most important parts of any construction project. Without the right materials and equipment, the building will not be able to stand up. To ensure that your project has everything it needs to be successful, it’s critical to have a procurement professional who understands the industry and how it works.
Who this course is for:
- Budding or Mid level Procurement professionals to enhance their career in EPC/ Construction Industry in Procurement.
- Fresh Graduates who are willing to set their foot prints in EPC / Construction Industry
- Project Managers from EPC / Construction to know understand the functions of procurement department
- All department of EPC / Construction Engineers to understand how Procurement works