Quadrem to Provide eTendering Technology and Services for SKEC's USD $2 Billion Gas Train Project

    AMSTERDAM and DALLAS, Oct. 22 /CNW/ -- South Korean-based SK Engineering
and Construction (SKEC) is using Quadrem solutions to manage sourcing and
procurement communications with an international community of 5,000 suppliers.
Approximately 300 to 400 tenders are expected to be issued by SKEC to support
a gas train project it's undertaking in the Middle East for a national
petroleum company.
    "We chose Quadrem to handle Web-based sourcing and procurement for this
USD $2 billion project because we must provide excellent management of
worldwide suppliers," said Mr. Oh-Young LEE, Project Procurement Chief Manager
of the Fourth Gas Train Project Team, SKEC.
    The plan is to ensure that SKEC's client achieves performance and
cost-control objectives and visibility into procurement processes with
suppliers located in Europe, Asia, the Middle East and North and South
    "Quadrem's electronic solutions and professional services are the best
way to manage the complexity of this large project," said Ben Wong, Vice
President Business Development, Quadrem Asia. "SKEC will be able to employ a
great many criteria for supplier selection to achieve quality goals and
continuity of supply. At the same time they will reduce costs and save fuel by
procuring efficiently."
    All messages are transmitted through a single secure system, assuring
integrity of the entire RFQ process, and supporting standardized bid
evaluations and awards that can be based on a variety of criteria, from
price-only to total cost of ownership. An added value is that this process is
completely transparent.

    About Quadrem

    Quadrem (http://www.quadrem.com) delivers "on demand" solutions that
enable procurement executives and their suppliers around the world to automate
processes, improve performance and reduce supply chain costs. Quadrem has
built one of the world's largest electronically connected supplier networks,
so its customers can connect once to the community rather than invest in
multiple one-to-one connections. Core competencies include esourcing,
eprocurement, einvoicing, contract management, spend management, supplier
relationship management, electronic catalogues and master data management.
Established in 2000, Quadrem has locations in Australia, Brazil, Canada,
Chile, China, France, Mexico, The Netherlands, Peru, Singapore, South Africa,
the United Arab Emirates and the United States.

For further information:

For further information: Katherine Kirkpatrick of Quadrem,
+1-214-872-1328, kkirkpatrick@quadrem.com; Web Site: http://www.quadrem.com

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