The Borealis
Local Business
Development and
SMEs Solution
building
opportunities
performance
mapping
Local Business
Development
and SMEs
module
The Local Business Development and SMEs module is designed to enable the systematic management of the business processes related to local supply and contracting; including receipt of expressions of interest, pre-qualification, capacity building, linking candidates to opportunities and preparation of contract documentation.
The module also facilitates allows for the analysis and reporting of performance against commitments, objectives and KPI; It also allows to keep centralised record.
- Transparent pre-selection process that provides allows local vendors to realize opportunities
- Proactive approach to increase the capacity of local suppliers to the operation, including communication, training and awareness programs with small, local suppliers.
- Encouragement for contractors to participate in and support activities to maximize opportunities for local business support.
What is local business development?
Local business development includes a range of activities dedicated to involve and stimulate growth of local small and medium enterprises (SMEs) and bring development benefits to surrounding communities. It can includes, financing for small business start-up, providing mentoring and capacity building as well as accessing supply chain opportunities and participation in the project.
Why is it important to address those issues?
Building capacity and giving priority to local suppliers and businesses is a way to create opportunities and add value to the economic livelihoods of the communities where the project is held. Good practice requires that a formal process or system be developed to ensure that employment and business support is maximized at the Company operation. This would normally be done by having procedures in place for things such as local procurement, contractor management, recruitment processes, etc.
Local Business Development (SMEs)
- Communicate business opportunities
- Capacity building: Increases the capacity of local firms to provide services to the company.
- Evaluating performance: Encourages the development of best management practices.
- Partner mapping
