Contract and Procurement Assignment

User Generated

Envfv840

Business Finance

Description

- All assignment requirements are attached.

- Company should be in (Oman)

- 0% Plagiarism.

- At least 7 Slides of power point.

Unformatted Attachment Preview

Task: Synopsis: Contract and procurement management practices include planning the procurement process, developing procurement Scope of Works, Request for Proposal (RFP), supplier selection, competitive bidding, price negotiation, teaming arrangements, contractor & subcontractor management. It will also cover selecting the proper contract type and explains the strengths and weaknesses of all possible contract approaches. TASK: This is a group based assignment and it requires preparation of a comprehensive report on procurement strategy that has been implemented by the industries. Each group will choose ONE organization and carry out the following tasks: 1. Identify the contract and procurement process in the organizations from early stage until completion of project. Explain on how the procurement requirements are identified and validated (Procurement assessment criteria). 2. Discuss all types of contract that has been used in the organization. 3. Evaluate the most appropriate procurement strategy that can be considered as the best to implement by giving your own justifications. 4. Find out whether the organization has proper mechanism to manage conflicts and what are their appropriate methods to resolve conflicts.
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Explanation & Answer

Attached.

Contract and Procurement
Process:
Case of Oman LNG

Co ntra c t a nd
Pro c ure me nt Pro c e s s
Oma n LNG follows a compe titive te nde ring proce s s
whe re the s itua tion a llows for buy ing g oods a nd
services. The competitive delivery mechanism in Oman
Oman LNG has the following steps.
Stage 1: Prequalification of Companies
Stage 2: Preparation of Shortlisted Companies

Stage 3: Invitation to Tender
Stage 4: Evaluation of Tenders
Stage 5: Award and Announcement of Results

Types of contracts used
Concession (Tax-and-Royalty)C...


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