Transcript Slide 1
Group 4
Strategic Challenge
Cycle Time Reduction of Contract Closing
S/Shri
VC Parate GM/Ukai
JB Bhandari AGM
KN Ram AGM
Rajaguru AGM
SR Utturkar AGM
RK Sinha AGM
KL Nitnavare AGM
Exploring Depths for Achieving Heights ãä•ã¶ã Œããñ•ãã ãä¦ã¶ã
21/07/2015
¹ãヾããâ, ØãÖÀñ ¹ãã¶ããè ¹ãõŸ
PSWR Summit for Excellence 28 to 31 Aug 2009 Goa
1
PREAMBLE
Closing of Contract - End activity in any Project.
Present Status - Contracts getting closed well beyond
COD or handing over of the Projects - Delays of years
Customer with-holding Crores of Rupees of BHEL
Sundary Debtor on rise – 14 Projects for closing this
financial year has Rs 236 Crores o/s for PSWR
Image of BHEL gets a hit in the market.
Know the hiccups coming in contract closing and
concentrate right from beginning of Project to shorten
Cycle time for Contract Closing.
Identified key areas and recommendations put in place
Exploring Depths for Achieving Heights ãä•ã¶ã Œããñ•ãã ãä¦ã¶ã
21/07/2015
¹ãヾããâ, ØãÖÀñ ¹ãã¶ããè ¹ãõŸ
PSWR Summit for Excellence 28 to 31 Aug 2009 Goa
2
Present Methodology - Contract Closing monitoring
Contract Closing Group at Corporate Office which remains the focal
group for driving Contract closing
It is involving all the concerned Units/ Engineering Centre and
Regions. Structured meeting once in a month for review. Status is
shared in every MCM.
Web based system for updating Status of Pending issues Project
wise is existing.
Every Unit, Engineering centre and Region has identified a coordinator for Contract Closing Activity. In PSWR co-ordinator for
this activity is Mr JB BHANDARI.
PSWR involves all concerned Departments like PMX, TSX, Site,
PUR, FIN etc to liquidate the pending issues associated with PSWR.
Contract Closing has been put under two categories Technical Closing - All issues settled except financial
Commercial Closing - All issues settled including Financial.
Exploring Depths for Achieving Heights ãä•ã¶ã Œããñ•ãã ãä¦ã¶ã
21/07/2015
¹ãヾããâ, ØãÖÀñ ¹ãã¶ããè ¹ãõŸ
PSWR Summit for Excellence 28 to 31 Aug 2009 Goa
3
Detailed Presentation
Issues are identified.
Present status and methodology is explained
For Contract Closing with Customer in focus
For Contract Closing with Sub-contractor / vendor
in focus
Recommeded Process is put before the august
gathering
Final Solutions/ recommendations can be freezed in
this forum
Exploring Depths for Achieving Heights ãä•ã¶ã Œããñ•ãã ãä¦ã¶ã
21/07/2015
¹ãヾããâ, ØãÖÀñ ¹ãã¶ããè ¹ãõŸ
PSWR Summit for Excellence 28 to 31 Aug 2009 Goa
4