Outsourcing a part of the project work, is often an integral aspect of managing complex projects. However outsourcing requires a consistent and reliable process for selecting, awarding and managing the contractors and subcontractors.
The goal at this stage is to identify a list of potential subcontractors and select the final contractor companies during the RFQ process.
Develop contracts (pre-award) at a glance
Click a business goal to view the associated learning path:
The scope of the work to be outsourced needs to be clearly defined before engaging with potential contractors.
Depending on the technology you are currently using for Smart Materials, you can take the respective learning path:
Content type codes in the learning path
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Smart Materials includes a portal for engaging with potential suppliers and contractors. This makes it very easy to invite potential contractors in the RFQ process.
Depending on the technology you are currently using for Smart Materials, you can take the respective learning path:
Content type codes in the learning path
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Grant access to Smart Materials Portal to potential contractors |
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Creating a RFQ (Request for Quotation) with necessary details makes it easy to select the contractor for the project. With Smart Materials Portal, prospective contractors can easily engage with the buyer company and bid for the RFQs.
Depending on the technology you are currently using for Smart Materials, you can take the respective learning path:
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As a contractor, review the quote summary and submit the quote |
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Evaluating quotes involves both technical and commercial evaluation. The awarding should be done after a thorough consideration of all important technical and commercial aspects of the project. Smart Materials makes it easy to implement the approval workflow based on project requirement.
Depending on the technology you are currently using for Smart Materials, you can take the respective learning path:
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The following work process diagram provides a complete picture of the process:
