Overview
A leading global FMCG company required a custom-designed galvanized steel (GI) bolted fire escape staircase for their plant in Karnataka, India. The project presented a significant challenge, as the staircase had to be accommodated within a limited space while adhering to stringent building codes and safety regulations. Faced with a tight timeline, the client entrusted us to identify and engage a qualified vendor capable of meeting their project requirements.
Challenges
There were some challenges for installing the Galvanized steel fire escape at the plant
- Limited Space: The staircase had to be installed in a restricted 3-meter space, requiring expert erecting and fabrication expertise.
- Regulatory Compliance: The design had to adhere to the National Building Code of India (NBC), IS 3594 (1991), and OSHA standards. The vendor had to follow the safety protocol of the client.
- Tight deadlines: We had to source a qualified vendor in 15 days, and the vendor had a strict 60-day deadline for project completion.
- Volume of fabrication: The project involved a significant amount of material—300 metric tons—that needed on-site fabrication. Careful quality control of both prefabricated and on-site components was crucial.
- Payment Terms: The client had no advance payments and a 45-day credit period. We had to ensure the vendor had the resources to execute the project.
Vendor Attributes
- Fabrication Expertise: The vendor should specialise in industrial metal fabrication, particularly for platforms, with a strong focus on safety.
- Structural Steel Experience: The vendor should have a proven track record of handling over 100 metric tons of structural steel fabrication and installation.
- Safety Protocols: The vendor should have well-defined internal safety procedures.
- Location Preference: Vendors located in the Mysore and Bangalore regions were preferred.
Venwiz Solution
Vendor discovery for fabrication projects is one of our core competencies. We have a rigorous vendor selection process in place to identify qualified vendors. Through a comprehensive evaluation system, we thoroughly assessed the vendors’ financial stability and technical capabilities.
To ensure full compliance and alignment with project requirements, we strategically prioritized hyper-local vendor sourcing from the Mysore and Bangalore regions. In parallel, our expert team performed detailed cost estimations, enabling effective negotiations with vendors and securing optimal pricing for our client.
Impact
Venwiz’s efficient approach resulted in significant benefits:
- Rapid Vendor Shortlisting: We identified three qualified vendors within just three days.
- Quick Response Times: Vendors provided quotes within four days of the site visit.
- Cost Reduction: A reverse auction process facilitated a 20% cost reduction for the client.
This case study showcases Venwiz’s commitment to excellence in capital expenditure (capex) procurement. We partner with clients to help them achieve their business goals.
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