Ferrovial - Annual Report 2012

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Selection and continuous evaluation of suppliers

Ferroser has in place a process by which all suppliers must enter their details and receive classification in the structure of materials. Once registration has been requested, the Purchases Department decides whether the registration should be granted, depending on whether there is an agreement already in place with an endorsed supplier or not, and whether the supplier is able to carry out the service. Once the supplier has been approved it will be authorized to work with Ferroser.

When the price is under € 10,000 there is no further supervision, but if the annual cost is higher than that, the Purchases Department organizes a bidding process and invites these suppliers, based on the criteria it considers necessary according to our bidding terms and conditions.

Ferroser developed a supplier quality application in 2012, which has defined basic supplier validation requirements from the standpoint of Administration, Health and Safety, Corporate Responsibility, Quality and Purchases. Each department must validate this information and if the supplier complies with these requirements, the Purchases Department can invite this supplier to tender. Otherwise, the supplier is not validated and must send the mandatory documentation within a certain period of time. Lastly, a supplier may be vetoed, based on the incidents that may have occurred: three incidents in a year and the supplier is blocked.

A total of 204 incidents relating to suppliers in the Services Division were registered in 2012. Of all the incidents, 70 were related to the environment and/or health and safety.

Around 12% of all the suppliers and subcontractors working with the company in 2012 underwent an evaluation process. Of the total evaluated, 77 registered incidents and were therefore warned as indicated above.

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This is an electronic version of the 2012 Annual Report prepared by Ferrovial, S.A. for its stakeholders, which aims to be complete and accurate. The contents of this version can be checked by referring to the print version. A copy of the print version in PDF format is available to download on this web page