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Contractual Structure of EPC Contracts

Estimated reading time: 7 minutes EPC (Engineering, Procurement and Construction) contracts is a common form of contracting agreement found in the Construction and Oil and Gas industry. The engineering and construction contractor will carry out the detailed engineering design of the project, procure all the equipment and materials necessary and lastly construct to deliver a…

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Types of tender and Tendering Process for Bid Management

Estimated reading time: 6 minutes     A well-defined bid management and tender process provides a positive evaluation approach that is mutually beneficial to both suppliers and vendors. A wholly balanced and highly efficient bid and tender management process improves the quality of the supply chain while reducing costs and managing risks.   What is…

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Oil and Gas

Estimated reading time: 8 minutes    While there is an ever-increasing demand for jobs in the oil and gas sector, roles in the sector are evolving as well. It requires an educated and highly skilled workforce thanks to the new technology being introduced to the sector every year.   To keep up with the industry…

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training course malaysia

Estimated reading time: 5 minutes   In this fast-paced world, we constantly witness evolving work demands and skills requirements. A survey done by BCG revealed that 61% of people believe that global megatrends greatly affect their jobs and will continue to do so. As a result, many have started upskilling themselves and are willing to…

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Corporate Training

Estimated reading time: 5 minutes   In an organization, training and development activities are aimed at improving the skills and knowledge of its individuals. An organization’s training curriculum and strategy can greatly impact its’s ability to meet the industry regulations and standards. This is more pronounced in the oil and gas industry, as indicated by…

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firms mergers and acquisition

Estimated reading time: 5 minutes   The merger and acquisition activity have risen tremendously over the past few years specially in the energy sector. From around $248 billion in the year 2009 to around $512 billion in 2016. One of the major reasons we witnessed such massive growth is due to advancement in technology.  …

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Project risk management process

Estimated reading time: 5 minutes     Projects involve many risks such as cost risks, schedule risks and resources risks. Hence as a project manager, you need to be aware of any and all risks that could affect your project. Risk management is not a reactive approach, but a proactive approach that should be part…

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Managing Project Costs & Budgets

Estimated reading time: 5 minutes   When planning and managing for project costs, several factors come into play and the ability to successfully manage them will improve the chances of project success. While the 2 most common factors that lead to project delay and increased in project costs are design errors and scope change, there…

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