Research On Project Purchase Management Strategy Of F Company Based On Adjusting Agent Relation

F company,a large joint venture company came into existence recently.There is a huge petrochemical project will be built by the company,the EPC (Engineering/Procurement/Construction)overall contracts will carried out in the project principal parts,the project has more than 10 different subprojects,these subprojects will be carried into execution by different contractors.How to manage the project procurement effectly to reduce construction cost and improve the unit standardization,is the keypoint to enhance competitive power of F company.This paper analyse the challenge and problems of material purchase management by the EPC overall project,criticize the common way which the owner giving up purchase management for the EPC project,provide the viewpoint of adjusting the agent relation to amend information asymmetry and reduce transaction cost based on the agent relation theory and through cases analysis.The paper use materials classification methods on the project purchase management,and provide the key issue:project purchase management detail strategy of f company based on adjusting agent relation for the whole paper.This paper provide three new management modes,bottleneck purchase,frame agreement purchase and strategy purchase for the EPC project under the condition of applying basic pruchase management principle.The paper introduce the specific procedure to put the new modes into practice,and expect it has some useful effort for these petrochemical EPC project in china.