Rate Discovery Process Revamped
A company, manufacturing speciality steel (turnover INR 2000 Crores) awards major contracts without internal cost estimate (ICE) based on quotes.
Our process revealed major lapses in quotation process-
- Metal recovery contract revised with rate reduction of Rs.5000 per MT resulting into recurring annual savings of Rs.2.30 Crores based on ICE worked out by us.
- Several contracts revised on this basis through system based reverse E-Auction.
- Process enhanced to incorporate ICE for major contracts before award