OIL & GAS ENGINEERING PROJECTS & CONTRACT MANAGEMENT
Course Content:
- Classification of Contracts in the Petroleum Industry
- Stages in Typical Petroleum Industry Contract Administration & Contract Management Flow chart.
- Contracts Approval Process
- Preparation of Contract Terms & Conditions, Clauses, Scheduling etc.
- 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
- Procurement Logistics Coordination in Engineering Project Contract
- 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
- Engineering & Materials Contract & Supplies Negotiation
- Contracts Performance Monitoring & Control.
- Contract Termination & Client’s Recoverable Costs
- Project Risk Management
