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Contracts Strategy and Management

Course description

Developing your own effective procurement and Supply Chain Management (SCM) strategy can make valuable quantifiable contributions to your company's performance.  This practical course shows you how to adopt a "best-practice" model, and outlines the latest thinking in upstream petroleum industry procurement.

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

Audience

Petroleum managers who deal with international oil and gas legal matters in the course of their business; and legal professionals with little formal, specialized training in oil and gas law, but expect soon to deal with international oil and gas law matters.

Prerequisites

Course content

  • What is a contract?
  • What is the supply chain and how do we manage it?
  • Developing a best-practice procurement process
  • What makes the petroleum industry different?
  • What is a contracts strategy and how do we develop one?
  • The role of contracts policy and procedures
  • Alternative contracts strategies
  • The role of contract risk assessment
  • Alternative tendering strategies
  • Different types of contracts
  • How to prepare contractor selection criteria
  • How to evaluate tender submissions
  • Understanding the "small print"
  • How to manage the contract after it has been awarded

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