The use of Electronic Bidding Process Platform
The use of Electronic Bidding Process Platform
Introduction
For quite some time in the Nigerian oil and gas industry, the pre-qualification of contractors/ oil services providers was tedious. It was also regarded as money and time consuming. The process and procedure involved was inefficient. Then came the NIPEX Portal (Nigerian Petroleum Exchange Portal) which provided a single electronic platform to enable interactions between the upstream operating companies in the country, suppliers and the Government Petroleum regulatory body (Businessday n.d) . It is a tested technology platform that guarantees speed, process transparency and efficiency. Since its inception in 2005, Nipex it has served as a catalyst for the execution of several transactions for the operating companies and has also, recorded high cost savings from transactions processed through it. We will be looking at its global impact and how it relates to the Project Management perspective.
1. Electronic Bidding Process Platform and its Global Impact
1.1 Managing Change
Change is one thing that is constant, what we consider trendy today, is outdated tomorrow. Projects are the engines of change within organizations. When you decide that you need something new, or you need something old done in a new way, a project is born. (Christopher n.d.). The use of an online platform for Bid evaluation process is a change from the archaic way of bidding.
1.2 Accessibility
This technological tool has broken the barrier and has made accessibility much easier as well as reaching out to distances far away with just a click and this is an evidence of globalization, saving time, and also meeting up with its multi location demands..
1.3 Transparency and Security
It is a tested technology platform that guarantees speed, process transparency and efficiency. It has made it open for genuine companies to participate fair. Also your submissions are safe cannot be accessed by unauthorized persons
2. Electronic Bidding
Introduction
For quite some time in the Nigerian oil and gas industry, the pre-qualification of contractors/ oil services providers was tedious. It was also regarded as money and time consuming. The process and procedure involved was inefficient. Then came the NIPEX Portal (Nigerian Petroleum Exchange Portal) which provided a single electronic platform to enable interactions between the upstream operating companies in the country, suppliers and the Government Petroleum regulatory body (Businessday n.d) . It is a tested technology platform that guarantees speed, process transparency and efficiency. Since its inception in 2005, Nipex it has served as a catalyst for the execution of several transactions for the operating companies and has also, recorded high cost savings from transactions processed through it. We will be looking at its global impact and how it relates to the Project Management perspective.
1. Electronic Bidding Process Platform and its Global Impact
1.1 Managing Change
Change is one thing that is constant, what we consider trendy today, is outdated tomorrow. Projects are the engines of change within organizations. When you decide that you need something new, or you need something old done in a new way, a project is born. (Christopher n.d.). The use of an online platform for Bid evaluation process is a change from the archaic way of bidding.
1.2 Accessibility
This technological tool has broken the barrier and has made accessibility much easier as well as reaching out to distances far away with just a click and this is an evidence of globalization, saving time, and also meeting up with its multi location demands..
1.3 Transparency and Security
It is a tested technology platform that guarantees speed, process transparency and efficiency. It has made it open for genuine companies to participate fair. Also your submissions are safe cannot be accessed by unauthorized persons
2. Electronic Bidding