UC-102
Contractor Pre-Qualification and Bid Scoring
Scores contractors on financial stability, bonding, HSE record and past well performance to set who is allowed to bid, ahead of tender.
14-22Build Duration
5-15xIndicative ROI
The Challenge
Selection leans on day-rate and reviewer availability, so contractors with chronic AFE overruns, thin balance sheets or poor TRIR stay on the list. With dozens of contracts, review quality varies by reviewer.
How It Works
- Ingests qualification packages, insurance certificates, financials and contract history.
- Scores capability, safety and financial strength, and benchmarks rates against peers.
- Procurement issues a pre-qualified bidder list and normalised bid comparison before tender.
What It Removes
- Bidders with a chronic AFE overrun record
- Day-rate comparisons that hide the real cost
- Award decisions resting on reviewer availability
Input Data RequirementsContractor qualification packages, insurance certificates, financial statements or credit assessments, historical well cost and variance data
Output FormatPre-qualified bidder list, capability and safety scorecards, normalised bid comparison, rate outlier flags, negotiation points by contractor
“I can see which contractors actually held their AFE on past wells before I let them into the tender.”