Course

Engineering & Materials Contract Management [Virtual]

Category: Commerce, Economics & Management

Upcoming Dates

No upcoming dates at present, contact us for more information

Course Fee

£1,475 + VAT

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