Henri Poincare is a group associates of industry leaders and domain experts who are focused on delivering professional advisory services to support sustainable growth for emerging business in Energy and manufacturing sectors within the Middle East and North Africa.
Provide contractual insight to bridge the commercial gap between customers and contractors to improve project execution and economics. Remain on budget:
Contracts Harvesting & Review
Improve contract economics through detailed review of the commercial terms to identify and capture payment concerns.
Contracts Architect & Negotiation
Define the optimum contract structure to improve future implementation and reduce disputes. Identifying the best deal and provide support from initiation to closure.
according to EY special oil and gas mega-project report; only 89% of oil & gas megaprojects are overrunning budgets in the Middle East. This failure to plan and forecast has become the main concern of the industry. Not only in the Middle East, but also to North America who is overrunning budget on 56% of the mega oil and gas projects. It’s an industry issue!
The ability to design the contract correctly would be the very first step. Experts may blame the complexity of the project, or the business-environment conditions, however, it was proven that contractual and commercial terms, scope, controls and quantified risks has been the source of 94% of the overruns.
Organisations are encouraged to review contracts against plans, commercial terms and invoiced amounts against scope to validate payments and improve the projects economics. The validation of the out-of-scope payments is a critical two-way component to the business.
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You may contact us at anytime to learn more about Henri Poincare Associates services and the process to help improving your business deployment and expatiation in emerging markets ... please feel free to drop us a line!