Wiring ch 2.3 purchase process

1. ELECTRICAL WIRING
PURCHASE PROCESS
2.3

2. PURCHASE PROCESS

3. Basic Terminology
Ability to understand & draft Specifications
SOR
Market survey
Price Catalogue
Purchase order

4. Basic Terminology
EMD
SD
F.O.R.
Delivery / Consignee/buyer etc
Quotations

5. Purchase
process
Inquiry
based
Tender
based
Rate
contract

6. Inquiry based purchase
Local suppliers
mostly
Small amount or
small quantity
Whats the
minimum number
of parties required?

7. Tender based purchase
Generally
used for big
purchase
Advt in
leading news
papers etc
Comparison
sheet
L1, L2 etc
Purchase
order
Terms &
Conditions
EMD to SD
conversion
Penalty

8. Contd..
Last date/ Due
date
Date to open
tender
Process of
opening
Significance of
sealing in
tender
Significance of
Head of office
on Quotations
Purchase
Committee

9. Rate Contract
Convenient for small offices and vendors
Fixed rates for different tasks
Flexible

10. Contract….
Meaning?
Difference between Agreement and Contract
Accepted legally
Written Documentation

11. Types of
contracts
Lumpsum
contract
Item rate
contract
Cost price plus
percentage

12. Types of
contract
Complete or
Turnkey Contract
Labour contract
Material supply
contract

13. Tender
MEANING
Definition
Benefits
Diff b/w Tender & Auction

14. Process of tendering
Preparation
Adv to invite tender
Record keeping
Scrutiny of tenders
Opening of tender
Technical bid
Financial bid

15. Order of contract
Letter of Acceptance by party
Terms & conditions
Validity of Contract
Breach of contract

16. Arbitration/Conflicts etc
EMD
SD
Necessity of Purchase committee
Functions

17. Any
Questions?