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CAPACITY ASSESSMENT OF PRIVATE SHIPYARDS – NEED FOR A RELOOK. Cdr Kinshuk De IHQ MoD(N)/DSP. WHAT IS CAPACITY ASSESSMENT OF SHIPYARDS. Organisation & Infrastructure Shipbuilding Experience Product Profile Details of Collaboration Turnover and Financial Health
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Organisation & Infrastructure
Shipbuilding Experience
Product Profile
Details of Collaboration
Turnover and Financial Health
Personnel with Background
Orders Executed in last 05 years
Orders in Hand and Future Orders
Plans
WHAT IS CAPACITY ASSESSMENT OF SHIPYARDS
Production facilities and Process Control
Design Capability
Quality Control Procedures
Legal Issues
Capacity Assessment Committee scrutinises Report of WOT with inputs of Domain experts
Report approved by CWP&A
RFP for Type of ships are thereafter issued to Shipyards with valid and current Capacity Assessment
Validity is Two Years
62% vessels are delivered in good quality, within the budget and on time. 27% of vessels are delivered beyond one year after delivery date.
11% orders either get cancelled or land up in arbitration
Private Sector participation will improve the overall cost benefit, competition, participation, sector development, widen expertise etc
Due diligence, risk assessment during the decision making process
Need for continuous assessment of the shipyards for their capacity and competence to deliver Naval Warships
Private shipyards have defaulted to deliver Yardcrafts and Survey vessels on time primarily due poor financial health, error in assessment of costs and shipyard capacity
Issuance of RFPs may have been an error due in-accurate assessment of financial strength
Limited Domain expertise within Navy to look at Balance Sheets
Shipyard’s ability to compete and stay in business is greatly affected by its ability to know what it costs to do business
Need for rigorous financial assessment as per checklists prior to Capacity Assessment by Credit Rating agencies with knowledge of present market dynamics, risks, rating of clients, management etc
Process initiated
Check Lists
Financial assessment by Credit Rating Agencies
Reputation of management, Promoters, track record and experience
Assessment of production facilities, production process, productivity,
Logistics
Current order book,
Knowledge, innovation, product mix, workforce
Check Lists
Planning & design infrastructure
Organization & HR practices
Procurement procedures
Subcontractors, quality assurance, safety, health and environment
Relationship with unions
Need for weighted consideration of factors in Capacity Assessment with emphasis on financial assessment for Risk Assessment to ensure Quality Warships, Within Costs and on Time for our Navy
Questions
