INCREASING PRODUCTIVITY THROUGH STAKEHOLDER ENGAGEMEMTS

According to him, such engagements will afford stakeholders the opportunity to know the necessary requirements needed for various activities in the upstream industry such as bidding, local content activities, among others.

He said this at a meeting held by the Business Advisory and Enterprise Development (BAED) Department of the Commission in collaboration with Tullow Ghana Limited (TGL). The meeting was aimed at equipping the upstream supply chain on the processes of reverse auction.

“I believe that one of the things we have been saddled with in the past was lack of engagements with our stakeholders. Now, the aim is to bring all parties together and with time we will be able to bridge the gap of lack of knowledge,” he revealed.

He added that the Commission is committed to engaging stakeholders to apprise them of the requirements needed as far as the industry is concerned.

Also speaking at the meeting, Manager, BAED, Mr. Jonathan Narh-Dometey, said that the training programme will afford stakeholders and the supply chain community a better understanding on the requirements of the reverse auction.

He explained that in reverse auction, suppliers make bids for competition and the bidding starts at the highest price and progressively declines, in contrast to forward auctions where bids rise as the auction moves ahead adding that the winning offer is the least expensive.

Ghana Capital and Procurement (C&P) Manager, TGL, Madam Otuko John-Teye, took the participants through the requirements of the tendering process and the mechanics of a reverse auction. She emphasised that the reverse auction provides a platform for greater transparency and fairness to the bidders and enables faster turnaround.

She stated that the reverse auctions conducted using digital technology fosters transparency to the contracting process especially on final negotiations and allows bidders to be notified of tender outcome at the end of the auction.

Madam John-Teye also explained that the reverse auction does not work in all cases of bidding. “Usually, they are also based on the value threshold which will attract suppliers,” she added.

She further emphasised that a local content plan, Health Safety and Environment among others are key factors that are taken into consideration during the contracting process.

The training was one of many series of virtual trainings organised by the BAED in collaboration with TGL to provide stakeholders and the supply chain community with tendering and business advisory services.

Source: Petroleum Commission