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Improving the procurement and tender processes: a case study of Conson Joint Operating Company,Vietnam | |
Author | Dinh Dang Son |
Note | A project submitted in partial fulfillment of the requirements for the degree of Master of Business Administration (Executive) in International Business – Management of Technology (VN), School of Management |
Publisher | Asian Institute of Technology |
Abstract | Tendering for goods and services is widely use in nowadays business that allows firms to choose the best services providers to supply equipment, materials, services and other resources required to carry out a project, this process usually involves sub-processes such as purchasing, acquisition, logistics support, quality assurance and contract management. However, many firms made many costly mistakes when carry out its procurement process due to selecting the inappropriate contractors that lead to the whole project failure and bankruptcy of the company. CONSON JOIN OPERATING COMPANY (CSJOC) is an offshore oil & gas exploration company in Vietnam; CSJOC now is planning to enter the development phase, in this phase, CSJOC need to build an offshore facility for oil & gas production with the estimated value around US$650 millions. Selecting the best offshore contractors to carry out these projects is the main task of CSJOC’s Contract & Procurement Group, its help CSJOC to ensure the project running smoothly within schedule and budget; however, when look at the records of CSJOC contractors’ performances from the past, it showed that there were many problems such as schedule delay, equipment failure, inexperience personnel and poor performance of contractors with costly extra money that CSJOC had had to bear. CSJOC presumes that some of the problems probably come from the procurement process due to selecting the inappropriate contractors. This research will focus on the CSJOC’s procurement process during the past and its current activities in order to find out the problems and propose a solution to improve its procurement process so that CSJOC could select the best contractors and service providers that will help CSJOC to avoid the costly downtime and contribute to its reputation and sustainable business. |
Year | 2009 |
Type | Project |
School | School of Management (SOM) |
Department | Other Field of Studies (No Department) |
Chairperson(s) | Winai Wongsurawat |
Examination Committee(s) | Huynh Trung Luong;Gopalaswamy, Arun Kumar |