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Contracts Strategy and Management

MDT International
Course summary
5 days
2,750 GBP excl. VAT
Professional Training
Next available date: 29/09/2019 09:00 - Dubai
Course Dates
Dubai
29/09/2019 09:00 
2,750 GBP
20/09/2020 09:00 
2,750 GBP
Kuala Lumpur
21/10/2019 09:00 
2,750 GBP
06/04/2020 09:00 
2,750 GBP
London
09/12/2019 09:00 
2,750 GBP
02/03/2020 09:00 
2,750 GBP

Course description

Contracts Strategy and Management

Contracts strategy and management - 5 day procurement and supply chain course

This Contracts strategy and management course focuses on procurement in the upstream petroleum industry, using various oil industry examples, exercises and case studies to give delegates practical, realistic experience of the procurement and supply chain areas.

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.

What you will learn

  • 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

Suitability - Who should attend?

This course is aimed at personnel at all levels and in all disciplines who have responsibility for, and involvement in, the entire procurement process. This includes line operational managers and specialists (the "end users"), as well as contracts managers and contracts specialists.

Outcome / Qualification etc.

Participants on this course are eligible for 35 hours of CPD accreditation on completion. 

Training Course Content

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 (NOC's) 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

Course Fee: £2750.00 (+ VAT for attending UK courses). Fees include your attendance at the relevant training course/s and the provision of a comprehensive training course manual, course completion certificate, plus lunch and refreshments during the training day. Fees do not include accommodation and living costs.

MDT International can also provide this course on an in-house course basis, to discuss please submit enquiry. 

About provider

MDT International - Finance, Commercial & Management Courses for the Oil & Gas Industry

MDT delivers commercial training courses in most major established and emerging international oil and gas hubs. Whether you're taking part in an open course, or benefiting from the customised experience of our in-house training, you know what you’ll learn from some...


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Contact info

MDT International

MDT International Ltd
45 Albert Street
AB25 1XT Aberdeen

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www.mdtinternational.com


Reviews

Shaikha, Occidental
(5)
Very interesting and eye opening experience.
Omar, Kuwait Petroleum Corporation
(4)
I am very satisfied with this course.
Latifat , NNPC
(5)
This course completely fulfilled my requirements, excellent trainer and I hope to be able to attend more MDT courses in the future!
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