Recognizing the substantial economic and social value brought to host countries and local communities through the procurement practices of large private and public companies, this book provides a first-hand account of the Local Content regulations, strategies and procurement processes needed to realize these social benefits.

Introduction 1. Competitiveness and protectionism: Is local content a road to economic competitiveness of a pathway to protectionism?2. Local content optimisation: Modelling the economic impact of local content on commercial interests and public policy3. Procurement strategy: The role of contracting and procurement strategy in effective local content management4. Case study: Procurement as a driver of national competitiveness in the Poinsettia Project, BG Group, Trinidad and Tobago5. Major contract tenders: Factoring local content into the formulation of invitations to tender and tender evaluation for major contracts6. Accessible procurement: Designing procurement procedures to facilitate access for local suppliers7. SME development programmes: Capacity building of SMEs to participate in procurement8. Aid procurement: An opportunity to stimulate private sector development through local supply chains9. Metrics and measurement: Unpacking the performance reporting of local content and local supplier development