Description

Designed for you, if you are...

• Involved in or have responsibility for the entire procurement process, i.e. a line operational manager, specialist (the 'end user'), contracts manager or contracts specialist

How we build your confidence

The benefits from attending

• Developing and implementing a highly effective procurement strategy and plan for your organisation to reduce the overall cost of purchasing
• Managing your supply chain in order to deliver maximum value at minimum cost
• Developing and implementing a best-practice process for the management of contracts and the supply chain
• Adopting innovative ways to select contractors and prepare tender documents
• Selecting the type of contract and compensation terms that best achieves the contract's objectives
• Preparing tender evaluation criteria and evaluate a tender submission
• Managing contract risk

Topics

• What is a contract?
  - The contract as a legal instrument
  - The contract as an investment tool
• What is the supply chain and how do we manage it?
  - Illustration of supply chain management (SCM)
  - Benefits of defining SCM
  - SCM analysis for opportunities to save money
• Developing a best-practice procurement process
  - A suggested process for managing contracts from beginning to end
  - The role of end-users and the contracts specialist
• What makes the petroleum industry different?
  - The role of government, national oil companies (NOCs) and co-venturers
• What is a contracts strategy and how to develop one
  - Oil industry case studies and examples
  - The essential ingredients of a contracts strategy
  - The process of developing a contracts strategy
• The role of contracts policy and procedures
  - The vital relationship between contracts strategy, policy and procedure
  - Oil industry examples of contracts policy and procedure
• The role of contract risk assessment
  - The importance of contract risk assessment in strategy and contractor selection
  - How to carry out a contract risk assessment
• Alternative tendering strategies
  - Functional versus technical specifications
  - Oil industry examples
• Different types of contracts
  - Strengths and weaknesses of alternative contract types
  - How to choose an appropriate contract compensation method
• How to prepare contractor selection criteria
  - Oil industry examples
  - Traditional versus non-traditional selection criteria
• How to evaluate tender submissions
  - How to ensure best-value selection
  - How to avoid common mistakes
• Understanding the "small print"
• Getting to grips with contractual language and terms and conditions
• How to manage the contract after it has been awarded
  - The role of the "kick-off" meeting
  - Preventing and resolving disputes
  - Managing cost and performance
  - How to give contractor feedback

Customer Feedback