DP World renews contract for iSpec procurement tool

The Dubai-based port and logistics giant is a long-term user of iSpec, a product developed by lifecycle contract management specialist Remy InfoSource. After signing its first contract for iSpec in 2006, the latest contract renewal by DP World takes the partnership through to 2025.
iSpec was developed specifically to manage the procurement of complex outsourced projects such as the acquisition by port and terminal operators of quay cranes and rubber tyred gantry cranes.

The software provides a unified platform for tender management with dedicated accounts for all relevant parties including contract terms and technical specifications. After awarding the contract to one or multiple vendors, a transition to the implementation phase prevents vendors renegotiating or claiming to not have been aware of detail requirements.

The iSpec iNspect mobile inspection app was developed to track ongoing delivery to guarantee specification compliance.
Remy Infosource chief executive Pieter Boshoff said “This dramatically reduces the risk of failed projects by streamlining the delivery process and facilitating end-to-end transparency throughout.”

Mr Boshoff said “If you have a system that tracks everything including all specifications, emails, approvals, correspondence, negotiations and inspections in a single point-of-truth and easily accessible to all stakeholders, then you can hold buyers and suppliers accountable, enforce compliance, resolve disputes and manage risk much more easily.

“It is when people work outside of an all-encompassing solution that miscommunication occurs, deliverables are delayed and contractual disputes arise.”

Online functions for managing procurement in iSpec cover everything from drafting contracts and tender publication through to commissioning and final handover, simplifying the switch to remote project management at a time when businesses have been forced to work remotely.

“Our customers such as DP World have not suffered even a slight speed bump on their projects” said Mr Boshoff.

Remy InfoSource will also provide DP World with technical support for iSpec, quarterly enhancements tailored to DP World’s requirements.