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Contracts Strategy & Management

HOT Engineering
Course summary
5 days
3,150 EUR excl. VAT
English
Vienna
Next available date: 26/08/2019 - Vienna
Open / Scheduled

Contracts Strategy & Management

Contracts Strategy & Management course

Contracts Strategy & Management - A Practical 5-Day Course in Procurement & Supply Chain Management (SCM)

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

This course makes extensive use of oil industry case studies, examples and exercises, with delegates working in syndicates to analyse problems and recommend solutions.

Suitability - Who should attend?

This course is most suitable for professionals who 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.

Outcome / Qualification etc.

By the end of the course participants will feel confident in their understanding of:

  • 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

Training Course Content

The course covers:

  • 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
    - 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 do we 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
  • Alternative contracts strategies
    - Oil industry examples and case studies
  • 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

Expenses

The course fee includes tuition, course material, refreshments and lunch per session day and a 100 EURO non-refundable registration fee. Course fees do NOT include accommodation or living costs. Applicable taxes will be added.

The course is held at a top quality hotel with excellent meeting facilities.

Provider: HOT Engineering

HOTEngineering - Oil & Gas Courses, Reservoir Solutions & Quality Assurance

HOT – World Class Training for Oil & Gas Professionals

HOT is a leading oil and gas training provider and E&P consulting company. We come together as a multidisciplinary team, combining 33 years of training and consulting experience to deliver state of the art public courses, bespoke in-house courses, long-term...


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Reviews by course attendees

Course Delegate, Maersk Oil
(4)
This course was structured very well and covered all the information expected. Since I have been working with the procurement process I already had an idea, but the training gave me insight and clarified many questions I had. All the information was relevant and very helpful. It was good to have the course personalised based on questions.
Course Delegate, Ministry of Energy & Petroleum
(5)
This is an exceptional program, very incisive and practically orientated. My knowledge in contracts strategy has increased greatly and looking forward to taking back to my place of work.
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