Project Creation Request
– Request for project creation to be made with finance team with requisite documents and supporting documents acceptable for project opening will be as under: –
In case of regular/ recurring projects-
– Agreement duly signed by client with counter acceptance of CP or vice versa.
In case of one time/ non-recurring projects-
-Agreement duly signed by client with counter acceptance of CP or vice versa.
-Purchase Orders in favour of CP.
1 Note: – No projects shall open basis email confirmation of clients
a) Agreements/ Purchase Orders should include following terms
– Agreement should clearly specify payment terms as advance or maximum credit period of 30 days.
– All expenses arising on account of statutory compliance on the transaction agreed between client & CP or on account of change in law to be mandatory reimbursed to CP by client (in case of cost-plus margin model).
– Invoicing frequency shall be fortnight (in case of one-time projects) or monthly (in case of regular/ recurring projects).
- Note: – For One-time projects cost shall be paid only post acceptance of invoice by the client.
b) Details Required for Project Creation
– Project Name
– Project Description
– Start & End Date of Project
– Project Manager
– Vertical Head
– Business Development Manager
– Client Manager Name
– Client Email ID
– Client Companyy Full Name
– Client Address
– Client Manager Contact Number
- Note: – In case of any deviation in SOP for project creation an exceptional approval from CEO will be required.