Engineering & Materials Contract Management

Course Contents:

1. Classification of Contracts in the Petroleum Industry
2. Stages in Typical Petroleum Industry Contract Administration & Contract Management Flow chart.
3. Contracts Approval Process
4. Preparation of Contract Terms & Conditions, Clauses, Scheduling etc.
5. Problems & Challenges of Successful Contract Management:
   • Including Stock Optimization,
   • Inventory Management,
   • E-Procurement,
   • Integration of Contract Software with Accounting Packages,
   • Contract Time Scheduling
   • Engineering Projects, Contract & AFE Administration
6. Procurement Logistics Coordination in Engineering Project Contract
7. Success Factors for Contract Management:
   • Internal Processes & Process Development for Bid Evaluation & Bid Analysis Methods
   • Suppliers’ Selection Criteria
   • Establishment of Benchmarks & Best Practice
   • Compliance Monitoring
8. Engineering & Materials Contract & Supplies Negotiation
9. Contracts Performance Monitoring & Control.
10. Contract Termination & Client’s Recoverable Costs