RMC-02-167 VALUE BASED CONTRACTING

Description:

The drive to reduce cost and improve margin is never ending; stimulating new areas of innovation that are constantly being tested in the marketplace. The US Refining Industry is currently embarking upon a step change in its Contracting Solutions one which promises to “reduce cost, improve productivity in the workplace and potentially provide a more attractive environment for new recruits” – too good to be true? Value Based Contracting is such a Solution. Not so much a recent innovation but a tried and tested product. In use for over thirty years, mainly in Europe, when used correctly it can have a significant impact on your “bottom line” – savings of up to 45% have been achieved when compared with the more traditional cost reimbursable procurement method. Interested? Read on.