Taking a Strategic View

Some asset owners look at individual contracts in isolation, seeking to optimize engineering, costs, and timing without fully considering the implications for interrelated current contracts or for future ones. By contrast, high-performing companies base their approach to contracting on a deep knowledge of their capital strategy and understand how today’s contracts will affect those they undertake later.

With multiple contracts under way, high-performing companies adopt a long-term view that may strengthen their relationship with key suppliers. Such relationships help the asset owner to cut costs, secure access to capacity, and foster innovation.