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.
6-8Build Duration
30-62xIndicative ROI
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.”