At CB&I, our procurement strategy is based on global experience and long-term relationships. Our in-depth understanding of international markets and our relationships with key suppliers allow us to provide the best materials and services on time and within budget. As a result, we've successfully delivered projects in some of the most challenging locations on earth.
With procurement offices around the world, we have the in-house resources to efficiently locate, evaluate, purchase and arrange for the transport of materials and services to any project site. Our procurement staff is familiar with the markets, customs and environmental regulations, permitting requirements and laws of the communities where we work. Their localized knowledge is essential for expediting orders and quickly solving problems.
As a federal and commercial contractor, CB&I's procurement practices comply with the Federal Acquisition Regulations Uniform Commercial Code, state and local government regulations and established CB&I policies and procedures. CB&I has received continued Contractor Purchasing System Review approval since 1994, demonstrating our commitment to compliance with government procurement requirements.
Supply chain expertise
Our expertise spans the entire supply chain, from sourcing, purchasing and transportation logistics to inventory control, inspection and quality assurance. Every product and service we use must comply with our exacting quality and safety requirements. In addition to our procurement offices, we maintain fabrication facilities for manufacturing needed components and lay-down yards for storing steel and equipment.
Over the years, we've developed strong relationships with key suppliers, manufacturers and service providers in a variety of industries. We utilize competitive bidding and negotiate long-term agreements to obtain competitive prices for materials and services. We also do our homework, extensively researching markets and suppliers to ensure we prepare accurate estimates, select the best products and obtain the best prices.
Smart work processes
We believe that every member of the project team shares some responsibility for the supply chain. Our engineers work with customers to select the technologies and equipment that best meet the project and cost requirements. Our project managers and procurement staff synchronize project schedules, materials orders and shipping logistics to minimize work delays. Our logistics and safety experts ensure potentially hazardous materials are transported and handled safely and responsibly. We also design our projects and train our people to ensure construction materials are not wasted.
Long after our projects are complete, we serve as a ready source of spare parts for CB&I-supplied plants. We maintain engineering, design, and purchasing records on every facility and piece of equipment that we supply so we can easily research, manufacture or locate, and ship parts. We provide everything from bushings, nuts and bolts to vessels, reactors, piping and instrumentation. This service can be especially valuable during a plant turnaround; we can handle special tagging, export crating, documentation and provide rush shipping to virtually any location in the world.