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 Click to edit Master text styles     Second level          Third level                        Contract                ...
Strengthening the Pillars of Business       Click to edit Master text styles           Second level                 Aim:...
Background & Skills   CorGuv is 51/2 years formed after a successful SOX    implentation.       Click to edit Master tex...
Customers                              Apache North Sea.     Click to edit Master text styles         Second level     ...
The Scope of Contract Compliance Services Monthly Contract Checks            Checks on Scope, Rates, Invoices & Processes...
Independent Contract Compliance Review Initial Health Check    3-5 days internal audit (normal rates).    Initial report...
Value Through Improvements                                                                                      Future Lev...
Example    5 year contract, £7,000,000 p.a      Click to edit Master text    Time taken – 25 days. styles           Se...
Why we have Something Special to Offer      Experience – 30+ years in Supply Chain, Contracts,       Management, QS or Au...
Case Studies (CorGuv)     Average recovery could be 5-10 times the cost.      Click to edit Master text styles      NIC...
Business Benefits     Performance        In-depth insights and feedback of your contracts real performance.        Impr...
Summary      Based on our Core knowledge of post-award performance       we can apply our experience at any point in the ...
Summary      Click to edit Master text styles           Second level               Third level   Cost Recoveries       ...
Summary      Click to edit Master text styles           Second level                  Long-Term Improvements            ...
Summary      Click to edit Master text styles           Second level                          Experienced staff         ...
Summary      Click to edit Master text styles           Second level               Third level   Independence          ...
Summary      Click to edit Master text styles           Second level                     Deterrence of Fraud            ...
Testimonial    "CorGuv have undertaken a number of contract compliance    assignments on behalf of Apache . All of these a...
 Click to edit Master text styles                 Strengthening     Second level          Third level                  ...
Early Intervention                        Potential for Loss/Gain                                   Recoveries: Higher    ...
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Cor Guv Presentation General V1.1

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Demo of CorGuv\'s capabilities

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Cor Guv Presentation General V1.1

  1. 1.  Click to edit Master text styles  Second level  Third level Contract Compliance – Fourth level » Fifth level A Presentation by
  2. 2. Strengthening the Pillars of Business  Click to edit Master text styles  Second level Aim:  Third level – Fourth level » Fifth level To inform clients of the Contract Compliance Services & Capabilities offered by CorGuv. 2
  3. 3. Background & Skills  CorGuv is 51/2 years formed after a successful SOX implentation.  Click to edit Master text styles  Background & Skills:  Second level  Contract level  Third Compliance/Management  Forensic Investigations. – Fourth level » Fifth level  Business Process & Risk Analysis.  Project Management & Governance.  Internal Control - System Design & Implementation.  Joint Venture Auditing 3
  4. 4. Customers  Apache North Sea.  Click to edit Master text styles  Second level  BG Group.  Third level  Centrica Energy. – Fourth level  level » Fifth Premier Oil.  Marathon Oil.  Total E&P UK.  Venture Petroleum  BP Exploration. 4
  5. 5. The Scope of Contract Compliance Services Monthly Contract Checks Checks on Scope, Rates, Invoices & Processes, Man hours, Overtime, Burdens, Equipment & Running Charges FULL SCOPE OF CorGuv’s SERVICES Rates, Variation Orders, Amendments.  Click to edit Master text styles  Second level Forensic Investigations  Third ‘Beyond the Paper’  Investigative approach – level – Fourth level  Third Party pricing checks. Feedback on ‘Actual’  Cross-Referencing different» Fifth level data-bases. Performance  Process Reviews. Root Cause Analysis. Review & Improvements to:  Procurement Processes.  New Contracts.  Award. Long Term Benefits from a Holistic Approach5 5
  6. 6. Independent Contract Compliance Review Initial Health Check  3-5 days internal audit (normal rates).  Initial report.   Click to edit Master text options. Proposal to proceed with commercial styles  Agreement  Secondproceed. on how to level  Third level Forensic Audit – Fourth level  Audit on contractor’s books.  » Fifth level Monetary and procedural.  Findings and negotiating strategy.  Root Cause Analysis for future contract improvements. Negotiations on Findings  Agree Negotiating Strategy.  Negotiate Recoveries. 6
  7. 7. Value Through Improvements Future Leverage on: 1. Risk Reduction. 2. Reduction of Overcharging.10% 3. Reduction of Fraud  Click to edit Root Causetext styles to: Master Analysis applied exposure. 4. Cost Effective Contracts. 1.Existing Contract Conditions.  Second level Tenders. 2. New 5. Contractual Relationships. Future Savings 3.Invoicing Process.  Third level 4.New Contracts.5% Strategy – Fourth level Scoping Recoveries » Fifth level Tender Monetary Improvements Evaluation Findings Award 7
  8. 8. Example  5 year contract, £7,000,000 p.a  Click to edit Master text  Time taken – 25 days. styles  Second level  Actual Cash recovered £600,000:  Third level £24,000 per day – Fourth level  Total Reward, £95,000: £3,800 per day. » Fifth level  Time Charged client-risk - £16,000: £640 per day.  Contract Strategy Changes - £4,000,000: £160,000 per day 8
  9. 9. Why we have Something Special to Offer  Experience – 30+ years in Supply Chain, Contracts, Management, QS or Audit. All our staff are selected for their Curiousity, Persistence, Maturity, & Focus on the client-supplier relationship.  Click to edit Master text styles  Scope –Depth, Supply Chain, Root Cause Analysis, Follow-up,  Second Improvements. Sustainable level  Third level  Investigative Techniques – our proprietary process ensures we find issues. – Fourth level  Focus – Commercial/Ethical, dedication to the task, can be an » Fifth level addition to company audit programs.  Independent – Willing to seek out reality, no conflicts of interest, completely confidential.  Results – our Project Management approach delivers benefits/value in a limited time.  Commercial Flexibility –Standard Rates, Fixed Price or Risk/Reward as appropriate. 9
  10. 10. Case Studies (CorGuv)  Average recovery could be 5-10 times the cost.   Click to edit Master text styles NIC overcharges of £3.0m.  Second level  Identification of excess profits of £1.5m due to unethical third party invoicing. Third level  – Cost level  £700 m Project –Fourth Recovered - £40-50 m. » Fifth level  Checking of sub-contract costs showed 65% discount of £1.5 m not passed on to client over 3 year period.  Over charge on local delivery of 45% margin reduced to 5% (£1.0 m).  Review of timesheets for engineering contract identified accounting allocation errors resulted in over charging by £1.5m. 10
  11. 11. Business Benefits  Performance  In-depth insights and feedback of your contracts real performance.  Improved contract/procurement strategies - through feedback of actual performance.  Improved service delivery.  Improved contract management.  Click to edit Master text styles  Costs Second level   Cost Recoveries, if due.  Third level  Sustainable future cost savings – through improvement of contract strategy & drafting. – Fourth level  Reduction in the potential for unethical activity. » Fifth level  Relationships  Improvements with JV partners.  Improvements in client/supplier relationships – through improved transparency, openness & trust.  Time  Time saved on dispute resolution.  Time saved on invoice checking - due to improved invoice process/documentation.  Risk/Reward deals - that avoid on-going consultancy costs and maintains our commitment. 11 Assurance that Contracts are cost effective, commercial & Ethical. 11
  12. 12. Summary  Based on our Core knowledge of post-award performance we can apply our experience at any point in the Contract Cycle:  Post-Award contract performance, Forensic Audits.  Click to edit Master text styles  Procurement & Award Phase.  Second level  Contract drafting.  Third level  Contract Management. – Fourth level  Contract Strategy.  Setting up Compliance Regimes. » Fifth level  Health Check is a low cost entry point. The Benefits . . . . . . . . . We Recover for our clients what is rightfully 12 theirs. 12
  13. 13. Summary  Click to edit Master text styles  Second level  Third level Cost Recoveries – Fourth level Historic Errors & » Fifth level Overcharging. 13
  14. 14. Summary  Click to edit Master text styles  Second level Long-Term Improvements  Third level – Fourth level Contract Management and » Fifth level Strategy. 14
  15. 15. Summary  Click to edit Master text styles  Second level Experienced staff  Third level – Fourth level Integrity, Curiosity, Maturity » Fifth level . 15
  16. 16. Summary  Click to edit Master text styles  Second level  Third level Independence – Fourth level Free from operational » Fifth level pressures. 16
  17. 17. Summary  Click to edit Master text styles  Second level Deterrence of Fraud  Third level – Fourth level Fear of being detected. » Fifth level 17
  18. 18. Testimonial "CorGuv have undertaken a number of contract compliance assignments on behalf of Apache . All of these assignments have been performed efficiently & effectively and with minimal effort/inputto edit Master text styles client . Without doubt CorGuv  Click required from us as the has delivered value on each assignment. Cash recoveries alone have  Second level been substantial although that was not the primary objective in every assignment.level  Third CorGuv have also assisted us to further clarify & strengthen our contracts which has subsequently saved even greater – Fourth level costs in future contracts. CorGuv have a well developed process for keeping audit costs to a minimum whilst maximising benefits. In » Fifth level particular, they treat the whole process as a project, focusing on delivering value, including supporting us right up to the point where recovery negotiations are complete. In short CorGuv offer a compelling blend of experience and commercial knowledge that delivers a complete service and I have no hesitation in recommending their services." General Services Manager, Apache North Sea 18
  19. 19.  Click to edit Master text styles Strengthening  Second level  Third level the Pillars – Fourth level »of Business Fifth level 19
  20. 20. Early Intervention Potential for Loss/Gain Recoveries: Higher costs and lower leverage Future Savings limit the value.  ClickSavings: Lower costs text styles to edit Master Recoveries and higher leverage  Second level maximise the value.  Third level – Fourth level Cost of Correction » Fifth level Operation 20

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