Adnoc simplifies tendering process by standardising legal terms

  • Date: 04-May-2021
  • Source: The National
  • Sector:Economy
  • Country:UAE
  • Who else needs to know?

Adnoc simplifies tendering process by standardising legal terms

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.