Role of Procurement in EPC Construction Projects

Role of Procurement in EPC Construction Projects

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What you’ll learn:
  • The Roles and Responsibilities of a Procurement Engineer in EPC Projects
  • Step by Step guide for the Procurement Process Pre order and Post order
  • Acquire complete Knowledge on the Incoterms 2020
  • Significant Contract Clauses to handle an EPC / Construction Procurement
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

  • 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

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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

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