Tendering & Procurement
Early management of suppliers and bids is critical for a successful drilling project. One of the most important aspects in any drilling project , (and one of the most costly, if it goes wrong) is the tendering process. Sometimes referred to as the “bidding”, the “bid process” or “pre-award contract processes”, the tendering process covers tender preparation through to contract award. The requirements and assumptions play into the final commercial agreement for project delivery.
At this early stage, we assist, owner organisations in providing potential tenderers with conceptual designs, technical requirements, owner information, commercial models, and terms and conditions on which to base their tender. As the sums of money involved here are in the hundreds of millions, if not billions of dollars, omitting information or supplying incorrect information as part of the tender package can be expensive for one or both parties.