Adnoc simplifies tendering process by standardising legal terms

SourceThe National
SectorEconomy
CountryUAE

The Abu Dhabi National Oil Company streamlined its tendering process to make it quicker and easier for companies to bid for work.

Adnoc standardised terms and conditions used for the procurement of drilling and oilfield equipment and services. This means that all of the company’s pre-qualified bidders are now subject to the same agreements, which could cut the timeline for legal negotiations from months to weeks, the company said.

“This initiative significantly speeds up Adnoc’s tendering process,” Jasim Saeed, Adnoc’s senior vice president of group procurement, said.

“The approach underscores our efforts to drive commerciality across our business and proactively respond to the demands

...read more...