Prioritizing High-Value Oil and Gas Service Contracts Template

More sales templates

In the competitive oil and gas industry, prioritizing high-value service contracts is crucial for maximizing revenue and strengthening business relationships. This template guides Sales and Process Managers through the process of identifying, negotiating, and finalizing high-value contracts using a Priority Matrix.

By following this step-by-step guide, you can ensure that your team focuses on the most lucrative opportunities, improving overall business performance and client satisfaction.

Get this template on priority matrix

Prioritizing High-Value Oil and Gas Service Contracts for Priority Matrix

Prioritizing High-Value Oil and Gas Service Contracts in Priority Matrix

Focus on high-value oil and gas service contracts to increase revenue and improve business relationships.

You can start using Prioritizing High-Value Oil and Gas Service Contracts or other Sales Project Templates with Priority Matrix in just a few steps:

  1. Click to sign in or create an account in the system
  2. Start adding your items to the matrix
  3. If you prefer to use the Mac and Windows app download Priority Matrix and take your data with you
If you have any questions and you can't find the answer in our knowledge base, don't hesitate to contact us for help.


Proposed Tasks

High Value, Immediate Action

  • Task 1 due in 1 day: Evaluate Current Contracts
    Review all existing contracts and evaluate their value. Identify those that are due for renewal and assess whether they should be renewed or not.
  • Task 2 due in 1 week: Identify High-Value Potential Contracts
    Research potential contracts and identify those that could bring in high value. Consider factors such as profitability, strategic importance, and potential for long-term partnership.
  • Task 3 due in 2 weeks: Develop Proposal for High-Value Contracts
    Develop a compelling proposal for each of the high-value potential contracts identified. The proposal should highlight the benefits of our services and how we can add value to the client's operations.
  • Task 4 due in 3 weeks: Negotiate High-Value Contracts
    Engage in negotiations with potential clients for high-value contracts. Aim to secure the best possible terms for our company.
  • Task 5 due in 1 month: Finalize High-Value Contracts
    Finalize the terms and sign the high-value contracts. Ensure all legal and financial obligations are clearly outlined and understood by all parties.
  • Task 15 due in 9 months: Prepare for Contract Renewals
    Prepare for the renewal of contracts that are due. Evaluate their performance and decide whether to renew or not.
  • Task 16 due in 10 months: Negotiate Contract Renewals
    Negotiate the terms for contract renewals. Aim to secure favorable terms for our company.
  • Task 17 due in 11 months: Finalize Contract Renewals
    Finalize and sign the contract renewals. Ensure all obligations are clearly outlined and understood.

High Value, Long Term

  • Task 6 due in 1 month: Implement Contract Deliverables
    Begin implementation of the deliverables outlined in the high-value contracts. Monitor progress closely to ensure we are meeting our commitments.
  • Task 7 due in 2 months: Review Performance of High-Value Contracts
    Review the performance of the high-value contracts to ensure we are meeting our obligations and the client is satisfied. Identify any areas for improvement.
  • Task 19 due in 13 months: Plan for Next Year's Contract Priorities
    Based on the performance review, plan for next year's contract priorities. Update the Priority Matrix as necessary.
  • Task 20 due in 14 months: Communicate Next Year's Contract Priorities to Team
    Communicate next year's contract priorities to the team. Ensure everyone understands the priorities and their roles in achieving them.
  • Task 14 due in 8 months: Re-evaluate Contract Priorities
    Re-evaluate our contract priorities based on the performance of the contracts over the past year. Adjust our strategy as necessary.
  • Task 18 due in 12 months: Review Overall Contract Performance
    Review the overall performance of all contracts over the past year. Identify trends, areas for improvement, and potential opportunities for the future.

Low Value, Immediate Action

  • Task 8 due in 3 months: Identify Low-Value Potential Contracts
    Identify potential contracts that are of lower value. These may still be worth pursuing, but with less urgency.
  • Task 9 due in 3 months: Develop Proposal for Low-Value Contracts
    Develop proposals for the low-value contracts identified. While these contracts may not bring in as much revenue, they can still contribute to our overall business goals.
  • Task 10 due in 4 months: Negotiate Low-Value Contracts
    Engage in negotiations with potential clients for low-value contracts. Even though these contracts are of lower value, it's still important to secure the best possible terms.
  • Task 11 due in 5 months: Finalize Low-Value Contracts
    Finalize and sign the low-value contracts. As with the high-value contracts, ensure all obligations are clearly outlined and understood.

Low Value, Long Term

  • Task 12 due in 6 months: Implement Low-Value Contract Deliverables
    Begin implementation of the deliverables for the low-value contracts. Even though these contracts are of lower value, it's still important to deliver on our commitments.
  • Task 13 due in 7 months: Review Performance of Low-Value Contracts
    Review the performance of the low-value contracts to ensure we are meeting our obligations and the client is satisfied. Identify any areas for improvement.