If ambiguities arise during the tender period these should be dealt with at this stage and the basis upon which the offer is made should be made absolutely crystal clear. This may sound like a case of teaching grandmothers to suck eggs but we are constantly being asked to resolve disputes wh...
Thankfully there is a solution. Your business needs to be able to trace a product or service through each stage of the supply chain and work with their company and suppliers to ensure working conditions are fair and environmental practices are sustainable. What is Impact Sourcing? Another modern...
Coal-fired power plants such as Sahiwal, Port Qasim, Thar, and Hub are operating safely and steadily; the Mehra DC transmission project is operational; and the Kalot Hydropower Station is connected to the power grid. Rashakai Special Economic Zone has reached the stage of comprehensive development...
Preconstruction is a strategic phase of a construction project thatbridges the gap between the initial plans drawn up in the pre-development stage and the physical activities associated with on-site construction. This phase refines initial project ideas into concrete plans that balance cost efficiency...
E-procurement is a process that has various components and operations. These elements determine the procurement’s ability to perform effectively. The following are the components: Components of eProcurement 1. Management of Indent It is the initial stage in the e-tendering, indent creation, or re...
The key focus throughout the output stage is identifying materials, quantifying the data, and aligning it into a pricing system. Let us consider an example of performing a quantity takeoff on a masonry wall. First, we will calculate the net surface area of the wall in (ft2 or m2) from ...
However, as years have passed, the profession has mutated into a more complex role that touches every project stage. Today, a professional QS works from the initial stages of the project, helping clients and contractors during budgeting, quantity takeoff, and tendering, all the way to monitoring...
The engagement of humans is the second point of distinction between procurement and purchasing. Purchasing involves fewer or fewer persons, making it less cumbersome and bureaucratic. In procurement, however, each stage involvesmanaging numerous people, each contributing to a different aspect of the pro...
Early-stage milestones 1. Project approval Project approval is typically the first key checkpoint in a project’s life cycle. When you have approval from the senior management and stakeholders, you get a “green light” to begin your work. Here’s how it can be visualized in GanttPROonline ...
e-Reverse Auctioning is a Tool of e-Procurement However, it is very much likely that other criteria are considered in the previous stage, based on which the suppliers are invited to the e-reverse auction. If the parties agree on the price, e-reverse auctioning is that tool of e-...