Canadian Exploration Company Moves F&A Services Offshore
Summary
The client, Canada's largest independent oil and gas exploration and production company, faced renegotiating its contract for outsourced Finance and Accounting (F&A) services. The company operates in Southeast Asia, North America, and the North Sea, and also explores in North Africa, Latin America, and the Caribbean.
Client Challenge Develop a strategy as to when and how to best enter into negotiations for a new five-year contract for outsourced F&A services. The new contract would include about 70 FTEs (Full-Time Employment)and some element of offshore service provision.
How Alsbridge Helped
Prepared a market assessment and ran a brief Request for Information (RFI)
Reviewed and updated the draft business case and reviewed the existing contract
Prepared all draft contract schedules and draft terms and conditions developed by an external law firm using an Alsbridge term sheet as key input
Developed the business case and led the client’s negotiating team
