
It is important to evaluate one’s strength with respect to competition be it performance, Delivery schedule, after sales Service, Price, continued support to customer and help them when they need you, Patience, Listening skill, Adapt to Change etc.
4.0 Qualification Requirement
} The objective of providing Qualification Requirement in any tender is to ascertain that qualified bidders can only participate as that give confidence to Owner that the project can be awarded to a qualified contractor who can execute the project in a safe and timely Manner
Market Intelligence is one of the most commonly utilized strategic frameworks for collaborative organizational development because it provides a different approach to analyzing a company and its industry.
It is the practice of gathering data relevant to the marketing efforts of an organization, then analyzing that data to accurately and efficiently guide the decision-making process of campaigns. While marketing intelligence is used to assist a number of different marketing goals, at a high level, it’s used to inform decisions in relationship to competitors, products and consumer trends or behaviours.
It covers how businesses use current sources of information to comprehend what is happening in their markets, what problems exist and where the opportunities exist. It centres mainly on clients, rival companies, market trends, customer spending and suppliers.
Evaluation of risk in Tender specification and its mitigation is an important aspect for any company which need to be highlighted to Management for approval. The approved ones need to be included in bid. In case it does not get aligned with Tender specification, same need to be included as deviation which will come for discussion with Customer for an amicable solution to proceed
In this article, we will discuss important skills related to, amongst others, critical Commercial Terms and Conditions that are helpful in developing a safe and secured contract.
To accomplish a Safe and Secured Contract, it is important to engage the other side in a constructive way such that it is a win-win collaboration for both the parties.
This article focuses on the importance of internal preparation which facilitates in taking informed decisions to participate in any tender and further will be helpful during Contract negotiation to achieve a safe and secured contract
The article specifically focuses on EPC projects related to power plants, steel, aluminium, oil and gas, petroleum sector, Infra structure sector, Fertiliser, Transportation sector.
EPC projects are usually high Valued Projects could be as high as 2-3 Billion USD with a project schedule ranging from 3 years to 5-6 years and beyond. It is to be noted one has to be very careful to avoid any mistake or miss during bid stage in scope or performance guarantee or otherwise else such miss or mistake could land company into serious problem execution.
The course explains the important aspect to be taken care during bid stage and during negotiation for finalisation of contracts are
1 Customer Mapping
2 Focus on your strength
3 Market intelligence
4 Qualification Requirement
5 Risks and mitigation
6 Master Commercial Terms and Conditions
7 Execution Philosophy
8 Adopt Fair Play, ethics and compliance
9 Environment, Health and Safety
10 Healthy Customer Relation
Understanding the above , one can reasonably become certain to take care of scope, guarantee, price and critical clauses during bid stage and negotiate with Customer to ensure safe and secured contract