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Edition and Publication:
< Natural Gas and Oil > Editorial Department
Hosted by:
China Petroleum Engineering & Construction Corporation Southwest Company
Authorized by:
China Petroleum Engineering & Construction Corporation
Co-hosted by:
Overseas Research Center of Research Institute of Petroleum Exploration and Development
Editor in Chief:
Du Tonglin
Vice Editor in Chief:
Tang Xiaoyong,Pu Liming
Address:
No.6, Shenghua Road, High-tech District, Chengdu, Sichuan, China
Postal Code:
610041
Tel:
028-86014709
028-86014500
Email:
cnpc-ngo@cnpc.com.cn
Issue:ISSN 1006-5539
CN 51-1183/TE

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Application of Quota Correction in the Bid for International Petroleum Construction Project

Author of the article:Chen Xinming, Zhou Xiaoqin, Ma Hua, Li Xun, Zhou Fulin, Liu Tao

Author's Workplace：China Petroleum Engineering Co., Ltd. Southwest Company

Key Words：International petroleum construction project; Budget quota; Bid pricing; Quota correction

Abstract：There are enormous differences between domestic and international petroleum construction project in engineering characteristics, laws and regulations, and market environments, etc. International petroleum construction projects come with greater risks in a more competitive context than their domestic counterparts, and contractors should be equipped with a higher degree of capability in terms of technology, financing and risk management. The international petroleum construction project's contract is normally awarded by open tendering, and a competitive price is the crucial factor in the international bid. For pricing the tender, the difference of the expenditures of the domestic and the international petroleum construction projects shall be identified. The revised budget quota price is gotten in accordance with the principle of budget quota, and with targeted revising on the basis of differences. The revised budget quota pricing is a method of estimating the price of the international petroleum construction project, and result is as a reference for bid pricing.