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Contracts Strategy and Management: In-house

MDT International
Course summary
5 days
Corporate Training for Teams
Next available date: Enquire for in-house training details - Online courses
Course Dates
Online courses
Enquire for in-house training details

United Kingdom
Enquire for in-house training details
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Course description

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

This Contracts strategy and management in-house course from MDT International 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.
It introduces delegates to the latest best practice model in the industry and outlines how an effective procurement and Supply Chain Management (SCM) strategy can impact positively on a company's performance.

The course will cover a number of topics, including:

  • developing an effective procurement strategy to reduce overall purchasing costs
  • managing contracts and the supply chain according to the latest best-practice
  • managing contract risk
  • managing the supply chain in a way that maximises value and minimises costs

Suitability - Who should attend?

This Contracts strategy and management course is suitable for any employee involved in an organisation's procurement process, regardless of his or her level or exact discipline.
This includes contract specialists and managers, as well as operational managers and 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

Course delivery details

Our online courses are delivered live via Microsoft Teams and consist of two x 2-hour sessions per day.

Why choose MDT International

Over 90% of participants say our training met or exceeded their expectations

MDT have worked with 500+ organisations worldwide

Our trainers have 25+ years of experience in the O&G Industry

Expenses

Contact MDT International if you would like to arrange this in-house course. 

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About provider

MDT International - Auditing, Finance & Accounting courses for the Oil & Gas industry

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

Average rating 4.6

Based on 9 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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Reviews
Course rating
(4.6)
Based on 9 reviews.
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