Contracting Strategy and Plan
Project Assurance specializes in developing and implementing innovative contracting strategies and plans that are designed to select the most qualified contractors and maximize returns on company’s contracted dollars.
The success of a capital projects and/or plant turnaround depends to a large extent on the qualifications and capabilities of selected contractors, subcontractors and vendors. In addition, the owner companies should ensure that synergistic and cooperative work environment is created for optimizing the contractor’s performance.
Some of our performance-driven services include:
- Facilitate development of Contracting Strategy and Contracting Plan.
- Develop an optimized Contract Breakdown Structure.
- Define the ideal contracting options and arrangements
- Assist clients in the selection of the most qualified contractors, and vendors.
- Development of contracting documents.
Contractor Selection
Project Assurance assists clients in the implementation of Contracting, plans, and helping in the selection of the most qualified contractors, subcontractors and vendors.
Our services include:
- Evaluation of the current market environment
- Identification of capable contractors willing to bid the work
- Evaluation and preliminary screening to develop a bidder’s short list
- Assist in bid development, evaluation and selection of the most qualified contractors
- Final contract negotiations
Contractor Management and Oversight
Contractor Management and Surveillance
The real contracting challenges begin after the award of contract. Project Assurance plays a pivotal role in assisting our clients to ensure that all parties stay in compliance with the contract documents and its spirit.
All contracted parties should ensure that synergistic work environment is created to get highest project and turnaround results.
Some of Project Assurance’s services in this area include:
- Provide the owner’s team with validated and unbiased progress status and forecast.
- Early identification of potential conflicts and problems.
- Periodic peer reviews to ensure all parties are in compliance with the contract.
- Implement Contract Claims Avoidance Program.
Dispute and Conflict Resolution
Dispute and conflict resolution between owners and contractors is over $100 billion dollar per year industry. It not only drains a company’s already limited resources but also impacts the project teams’ morale and spoils client-contractor relations in conducting future business.
Project Assurance offers following services in the area of Dispute and Conflict Resolution:
- Perform risk assessment of a project or turnaround and identify potential owner and contractor conflict risks.
- Implement contracting strategies and institute contractual arrangements that eliminate potential conflicts and claims.
- Establish mutually agreed project controls that ensure conflict-free project tracking, analysis and forecasts
- Implement contractor alignment and team alignment sessions that ensure synergistic and conflict-free work environment
- Help amicably negotiate conflicts between owners and contractors before these become legal claims
Contractor Alignment and Team Building
Breakthrough Program to Create Synergistic Work Environment Between Owner and Contractors’ Teams.
Contractor Alignment and Team Building is a breakthrough program designed to ensure success on capital projects and turnarounds by creating a synergistic focus among the owner and contractors’ teams as it relates to performance goals, work scope, potential risks, success initiatives and organizational accountabilities.
Contractor Alignment and Team Building program is developed based on proven best practices that have demonstrated that pacesetter results can only be achieved when all the participants and organizations work together as a team, proactively mitigate risks, seek innovative solutions and play leadership roles in all phases of project planning and execution.
Key Objectives
This Contractor Alignment and Team Building program is designed to achieve the following key objectives:
- Establish a common understanding among all participants about the company’s business goals, project performance expectations, and then develop execution strategies to achieve these.
- Jointly identify and eliminate problems and weak areas that may impede productivity, hinder progress, escalate costs and adversely impact achievement of desired results.
- Focus owner and contractor teams’ collective efforts on high performance initiatives and solution rather than getting distracted by contractual conflicts, competing plans, contradictory progress reporting and inconclusive forecasts.
- Create synergistic work environment and implement innovative management approaches to shorten schedules, reduce project costs by 10-25% and dramatically improve company’s bottom-line profits.
Contractor Performance Reviews
Contractor Management and Surveillance
The real contracting challenges begin after the award of contract. Project Assurance plays a pivotal role in assisting our clients to ensure that all parties stay in compliance with the contract documents and its spirit.
All contracted parties should ensure that synergistic work environment is created to get highest project and turnaround results.
Some of Project Assurance’s services in this area include:
- Provide the owner’s team with validated and unbiased progress status and forecast
- Early identification of potential conflicts and problems
- Periodic peer reviews to ensure all parties are in compliance with the contract
- Implement Contract Claims Avoidance Program
High Performance Contracting is the key to successful planning and execution of capital projects and plant turnarounds. In the present resource starved market, the success of any project to a large extent depends upon the experience, qualifications and management capabilities of selected contractors.