The client is a leading manufacturing company offering various services, like custom components and mass-produced goods, and is a major player in the vibrant EPC sector. Recognizing our expertise, they entrusted us with providing comprehensive turnkey solutions for a state-of-the-art water treatment plant in Madhya Pradesh.
Challenges
The client is a major EPC player and secured a water treatment plant (WTP) project in Madhya Pradesh. The scope of work included civil construction and the supply and installation of electromechanical (E&M) equipment. However, the fixed costs and timelines of EPC projects presented significant challenges:
- Budgetary constraints: The predetermined project budget left little room for error while selecting the vendor. Any project overruns will directly impact profitability.
- Time Crunch: The project required strict adherence to timelines. Any project delays would mean penalties and could have a cascading effect on the project.
- Vendor expertise: The project required a vendor who had extensive experience in turnkey WTP solutions, encompassing design, manufacturing of the E&M parts, supply, construction, and final commissioning and handover.
Vendor attributes
- Extensive experience in turnkey water treatment plant solutions from design to commissioning.
- The vendor must have executed large turnkey WTP (>30 MLD) projects.
- Should have done similar work in the past 2-3 years of value INR 10 crore or above.
- Deploy manpower and resources at the site in MP (remote area).
Solutions
Traditional methods of finding suitable vendors are time-consuming and challenging. Here is how Venwiz helped:
- Targeted vendor search: We used our extensive vendor network and contacted 50 potential suppliers. Through a rigorous evaluation process, we narrowed it down to 8 vendors who could closely meet the PQR for the project. 2 vendors participated in the final round.
- Vendor extensively: The shortlisted vendors had a proven track record in turnkey execution of water treatment plants.
- Streamline communication: Venwiz facilitated technical and commercial discussions between the client and shortlisted vendors.
- Documentation: We maintained comprehensive documentation of changes in scope during commercial and technical discussions. We helped the vendors prepare the quotations as per the modified requirements.
Impact
By using the Venwiz platform, the client was able to:
- Reduce the time spent on finding and evaluating vendors.
- Found a qualified vendor who met their budget and time constraints and was awarded the project.
- Receive comprehensive support throughout the entire procurement process.
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. Register or log in to our platform for all your capex procurement requirements.
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