Siemens Energy and Industry sectors have signed a co-operation agreement with Fluor Corp which establishes Siemens as a preferred supplier to Fluor and its global projects business.
Early involvement of Siemens will help to ensure that components with long lead times are available and reduce the likelihood that supply bottlenecks or unexpected high price fluctuations occur.
An additional component of the agreement is that Siemens will also handle the co-ordination with licensing authorities or other project partners for defined sub-projects. In the course of this long-term cooperation, the two companies will be coordinating their work and planning processes to better meet the increased project requirements. The focus will be on risk minimization and the acceleration of planning and implementation processes for major projects.
Wolfgang Heuring, Siemens’ corporate executive sponsor for Fluor and CEO of Siemens Energy’s Medium Voltage business unit said: ‘This cooperation will enable the two companies to provide the maximum benefit to the end client at an early stage. We can thus simplify the project development process and make optimum use of the resources of the two companies. The two businesses will decide on a case-to-case basis how Siemens can provide the end client with the best possible support.’
Steve Hamman, Fluor’s executive sponsor for Siemens added: ‘The formalization of our relationship will enable closer co-operation in the future between our two companies, including greater support for mitigating costs and schedule risks on complex projects.’