UC-080
Same-Service Contract Rate Benchmarking
Compares rates actually paid for the same service across vendors, wells and basins, and flags where a contract sits above the field.
TBDBuild Duration
XXXXIndicative ROI
XXXXBuild Cost
XXXXValue
The Challenge
Identical services are often contracted at different rates across vendors, assets, and projects, while manual comparison of contracts limits visibility into cost-saving opportunities.
How It Works
- Ingests rate contracts, vendor invoices and PIMS cost records held in Excel and SharePoint.
- Normalises each line to a service unit and compares the rate across vendors, wells and basins.
- Procurement leads see the outlier rates and the amount at stake before the next renewal.
What It Removes
- Paying above-field rates for the same service
- Rebuilding a rate comparison for every tender
- Overpayment surfacing only after invoices clear
Input Data RequirementsRate contracts, vendor invoices, PIMS cost records, Excel rate sheets, SharePoint contract archive
Output FormatSame-service rate benchmark table, overpayment register by vendor and well, renewal negotiation pack
“I can see what we paid for the same service on the last five wells before I sign the next contract.”