Course

Petroleum Industry Supply Chain & Engineering Contracts Management [Virtual]

Category: Commerce, Economics & Management

Upcoming Dates

No upcoming dates at present, contact us for more information

Course Fee

£1,650 + 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

Who Should Attend?

  • Economists
  • Engineers
  • Lawyers
  • Management Staff
  • Operations & Commercial Staff