AMSTERDAM and DALLAS, June 13 /CNW/ -- Bahrain Petroleum Company (BAPCO)
has signed a partnership agreement with Quadrem, a leading Oil and Gas
e-Marketplace provider, for the first phase development of e-tendering and
Quadrem was selected following a Public Open Tender, placed in December
2006, which attracted 14 bids. A thorough evaluation of these bids was
completed on 25th April, 2007.
A BAPCO spokesman explained that implementation of e-tendering and
e-procurement solutions is part of an overall BAPCO initiative to improve
efficiencies, reduce costs and provide extended transparency in procurement,
and will support e-government initiatives and Tenders Board regulations.
BAPCO Tenders and Purchase Orders will be transmitted electronically via
Quadrem's secure platform to participating suppliers and contractors.
Recipients will then send Acknowledgements and Bid Responses back
electronically to BAPCO, closing the loop. He stated that Quadrem has a very
high standard of data security and encryption, which will ensure the
confidentiality of supplier and contractor information.
The first phase implementation should enable process efficiencies,
improved communication and cost savings for all parties and will address the
needs of local suppliers and contractors. Supplier Engagement Workshops are
planned over the coming months for suppliers and contractors who are asked to
participate in the pilot phase.
On successful completion of this phase, BAPCO plans to extend
e-procurement into a full long-term solution, in order to provide a global
roll-out of the e-tendering and e-procurement initiative to all its suppliers
and contractors. BAPCO is fully committed to a long-term electronic
procurement strategy and believe there are many benefits to be gained for both
BAPCO and its suppliers and contractors in using electronic processes in the
Quadrem established its Middle East Office in Dubai in 2005. Since then,
it has been promoting the development of the Oil and Gas e-procurement market
throughout the region.
Charles Jackson, CEO of Quadrem International, added, "We are pleased
that BAPCO, the national oil company in the country where oil was first
discovered in the GCC, has chosen to select us as their e-procurement partner.
We are confident and excited to take the benefits of e-procurement to BAPCO
and their supplier community."
For further information:
For further information: Andrew Stafford, +971 4 3915487,
firstname.lastname@example.org, or Katherine Kirkpatrick, +1-972-543-8044,
email@example.com, both of Quadrem Web Site: http://www.quadrem.com