Local Content in Procurement is the first book of its kind. Recognizing the substantial economic and social value brought to host countries and local communities through the procurement practices of large private and public companies, this book by Dr Michael Warner – Director of the consultancy firm Local Content Solutions and former architect of the Local Content standards for BG Group – provides a first-hand account of the Local Content regulations, strategies and procurement processes needed to realise these social benefits.
Acknowledging that the employment and industrial benefits of large-scale procurement have been sorely overlooked, this book is both a how-to manual and a thoughtful insight into the challenge of creating sustainable jobs and competitive national industries through expenditure on bought-in goods and services.
With literally trillions of dollars of goods and services being procured over the next ten years in exploring and developing for oil, gas and mineral resources across the globe, the book focuses on these sectors, yet also has wide application to the utilities, construction, infrastructure, manufacturing and defence sectors.
Local Content in Procurement has been written for those working for the procurement, strategy and social responsibility departments of major private and public companies and international suppliers, for industrial and economic policy-makers and regulators of local content, and for all those involved in the management of procurement expenditure to develop national and local industries.
Table of Contents
Introduction 1. Competitiveness and protectionism: Is local content a road to economic competitiveness of a pathway to protectionism?2. Local content optimisation: Modelling the economic impact of local content on commercial interests and public policy3. Procurement strategy: The role of contracting and procurement strategy in effective local content management4. Case study: Procurement as a driver of national competitiveness in the Poinsettia Project, BG Group, Trinidad and Tobago5. Major contract tenders: Factoring local content into the formulation of invitations to tender and tender evaluation for major contracts6. Accessible procurement: Designing procurement procedures to facilitate access for local suppliers7. SME development programmes: Capacity building of SMEs to participate in procurement8. Aid procurement: An opportunity to stimulate private sector development through local supply chains9. Metrics and measurement: Unpacking the performance reporting of local content and local supplier development