Udemy – Role of Procurement in EPC Construction Projects

Udemy – Role of Procurement in EPC Construction Projects
English | Tutorial | Size: 1.20 GB

Engineering Procurement and Construction (EPC) Industry – Procurement and contracts roles and responsibilities

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 contracts

Planning

Global / international sourcing

Vendor development and pre- qualifications

Criteria of prequalification

Field expertise

Experience list

Financial background

Organizational structure

Joint venture

Quality certifications

Previous completion certifications

Health safety environment culture

Manpower

Machinery

Request for quotes

Technical bid evaluation

Single source vendor or monopoly selection

Commercial negotiations

Investigation

Comparison Statement

Presentation

Bargaining

Closure

Leverage effect of Procurement

PO Acknowledgement

Notification for Unsuccessful Vendors

Processing advance payments

Kick off meetings

Vendor detail engineering

Review cycles

Progress monitoring

Contract Drafting

Purchase order and amendments

Authority of person signing documents:

Responsibility for performance of purchase order

General

Sub – letting of purchase order

Responsibility for completeness

Purchase order and reference document

Acceptance

Price & payment terms

Terms of payment

Security bank guarantee

Invoicing process

Final payment

Bank charges

Insurance and taxes

Taxes and duties

Property and risk

Acceptance of purchase order

Guarantees / warranties

Equipment guarantees and warranties

Performance

Royalties and patents

Vendor represents and warrants

Schedule

Liquidated damages

Liquidated damages (LD) for late delivery

Liquidated damages towards non- achievement of performance parameters

Indemnity

Limitation of liability

Payment by the vendor and liens

Assertion of rights

Assignment and bankruptcy

Compliance with specifications

Drawings

Property of drawings and information

Quality assurance

Quality control

Expediting and inspection

Changes in goods to be supplied

Shipping instruction and shipping documentation

Invoicing instructions

Deliverables to be provided after release of purchase order

Delivery

Receipt

Consequential damages

Vendor manuals

Supervision of installation till performance guarantee tests

Packaging & marking

Rights not waived by payment or certificate

Termination of purchase order

Insolvency and breach of purchase order conditions

Force majeure

Arbitration

Governing laws

Remedies of contractor

Shipping terms

Confidentiality

Entire agreement

Effectiveness

Liens

Health safety environmental requirements

Interdepartmental Coordination’s

Coordination with Finance Department

– Budget forecast on invoice payments

– Milestone payments delay

Logistics Coordination

– Oversized consignments

– Warehouse

Construction coordination

Commissioning coordination

Vendor Performance Evaluation

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.

Incoterms

E- terms

EXW Ex-works

F- terms

FCA Free Career

FAS Free Alongside Ship

FOB Free on Board

C- terms

CPT Carriage Paid To

CFR Cost and Freight

CIF Cost Insurance Freight

CPT Carriage Paid To

D- Terms

DPU Delivered at Place Unloaded

DAP Delivered at Place

DDP Delivered duty paid

LOA – Letter of Award

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.

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