Overview

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 Introduction to EPC contractsPlanning Global / international sourcingVendor development and pre- qualificationsCriteria of prequalificationField expertiseExperience listFinancial backgroundOrganizational structureJoint ventureQuality certificationsPrevious completion certificationsHealth safety environment cultureManpower MachineryRequest for quotesTechnical bid evaluationSingle source vendor or monopoly selectionCommercial negotiationsInvestigationComparison StatementPresentationBargainingClosureLeverage effect of Procurement PO AcknowledgementNotification for Unsuccessful VendorsProcessing advance paymentsKick off meetingsVendor detail engineeringReview cyclesProgress monitoringContract DraftingPurchase order and amendmentsAuthority of person signing documents:Responsibility for performance of purchase orderGeneralSub - letting of purchase orderResponsibility for completenessPurchase order and reference documentAcceptancePrice & payment termsTerms of paymentSecurity bank guaranteeInvoicing processFinal paymentBank chargesInsurance and taxesTaxes and dutiesProperty and riskAcceptance of purchase orderGuarantees / warrantiesEquipment guarantees and warrantiesPerformanceRoyalties and patentsVendor represents and warrantsScheduleLiquidated damagesLiquidated damages (LD) for late deliveryLiquidated damages towards non- achievement of performance parametersIndemnityLimitation of liabilityPayment by the vendor and liensAssertion of rightsAssignment and bankruptcyCompliance with specificationsDrawingsProperty of drawings and informationQuality assuranceQuality controlExpediting and inspectionChanges in goods to be suppliedShipping instruction and shipping documentationInvoicing instructionsDeliverables to be provided after release of purchase orderDeliveryReceiptConsequential damagesVendor manualsSupervision of installation till performance guarantee testsPackaging & markingRights not waived by payment or certificateTermination of purchase orderInsolvency and breach of purchase order conditionsForce majeureArbitrationGoverning lawsRemedies of contractorShipping termsConfidentialityEntire agreementEffectivenessLiensHealth safety environmental requirements Interdepartmental Coordination's Coordination with Finance Department- Budget forecast on invoice payments- Milestone payments delayLogistics Coordination- Oversized consignments- WarehouseConstruction coordinationCommissioning coordinationVendor Performance EvaluationProcurement QMS AuditsWe'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.IncotermsE- termsEXW Ex-worksF- termsFCA Free CareerFAS Free Alongside ShipFOB Free on BoardC- termsCPT Carriage Paid ToCFR Cost and FreightCIF Cost Insurance FreightCPT Carriage Paid ToD- TermsDPU Delivered at Place UnloadedDAP Delivered at PlaceDDP Delivered duty paidLOA - Letter of AwardThe 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.

Skills

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