Involved In The Oil & Gas Industry
Operators- There is main role of operators in oil and gas industry because they execute the planning procedures in order to achieve aims and objectives. Success of oil and gas projects is based on the activities of operators. In order to achieve proposal provided by the contractor, company is required to recruit skilled and efficient operators. It will assist them in providing assurance to the contractor that work will be accomplished in effective manner.
Investors- Investors provides funds for the operational activities to the company. They are required to provide sufficient funds for the completion of contract on timely manner. Contractor will not allot the project to the organization until they have sufficient funds for the purpose of completion of operational activities.
Duty holders- As a duty holder, individual or entity is obliged to accomplish their responsibilities in an effective manner. They are required to assure quality in the delivery of final product. This aspect will work as positive point for the company in order to win proposal. If duty holders are skilled and reliable then contractor will be attracted to the provided bid by company.
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Price and finance package to avail the contractual agreement
Oil and gas industry in UK is expanding their operations in order to enhance their contribution in the economic development. For this purpose, they are entering in global mergers and acquisitions. They are developing new projects to support their strategies. To avail the contract from contractor, our company will provide both monetary and non monetary benefits. For this purpose company will prepare management strategies in order to grab the contract with an African NOC to build a LNG plant in their country. In our planning strategy, we will cover the aspects of both British and African economy. Core of our bidding will be attractive price and sustainable finance package. In addition to this factor, we will cover the following areas in order to make bid more competitive-
1.Engineering and design services- Initially, company will provide full-field development plans which will cover the brief overview of strategy. In this plan of action, process will be described that is the way in which company will achieve their aims and objectives. It will include the commercial, technical and risk studies. This planning document will be supported by FEED services and design packages.
2.Description of material and services- Company will provide the description of procurement of all materials and equipment. Description of quotations of prices will be supported by their quality. It will also include the information regarding transportation of material and labour. By this information, contractor will be able to assess pricing strategy of the company to make viable decision. Quotations of material will be according to the competitive market prices. Cost advantage will be enjoyed by both the parties.
3.Allocation of risk between owner and contractor- This is the most primary aspect on which company will focus. In this part, description will be provided regarding allocation of risk between parties in order to prevent the future contradictions. Level of risk and involvement will vary according to economic conditions of countries. Further, roles and responsibilities will be described regarding cost, schedule and quality. There will be no mark up price on the contractual cost as concept of shared risk is implemented in the bid of tender.
4.Flexible approach- In the bidding proposal, flexible approach will be implemented by the entity so easy modifications in terms and conditions can be made. For this purpose, rigidity and complexity will be avoided in the tender agreement. With this strategy, contractor will be assured that terms that are described by them will also be inserted in the contract in order to create win-win situation for both the parties.
5.Regulatory regimes- Proposal provided by the company will be in accordance with the legal norms of UK and Africa. For effective proposal, international regimes will be followed in order to prevent the contradiction of legislation. In this manner, company will be able to accomplish their objectives without facing restrictions due to legal provisions. In addition to this, company will take benefit of international law which is not covered in the provisions of domestic law. By using this strategy, company will be able to provide additional benefit to the contractor as they will not have to follow legal formalities for the accomplishment of commercial activities.
6.Clause of escalation- Company will insert escalation clause according to the changes in economy or industry. By this strategy, contractor will be assured that company is not taking undue advantage of escalation clause in order to earn unjust benefits. Fixed rate of escalation clause will not be stated in the contractual agreements so, both parties can have equal opportunity to negotiate with the rate of escalation clause.
Description of contractual agreements with the UK contractor
Contractual agreements can widely vary in their details. However, all the contractual agreements are required to establish to two basic issues that is the manner in which profits will be distributed between contracting parties and similarly the way in which cost will be allocated. Thus, it is essential to select an appropriate contract in order to accomplish the operational tasks in effecti