What to Look For In A Local Partner That Will Be Your First Choice In Your Energy Project?
Doing business in Tanzania and Africa takes work. When the truth is complicated and hidden, finding what you need to know to make informed decisions in a business relationship is critical to the long-term success of your project
Whether you are looking for a consultant, equipment supplier, or subcontractor to support your energy project’s success in Tanzania, making an informed decision based on complete and accurate information will be your best protection against business loss.
Here are some characteristics to consider when looking for a local partner in Tanzania and Africa.
1.Exposure and experience in the market.
The energy industry is unique because our value chain has many players with different interests.
A person who knows this market and is versatile with relevant players will enhance your clarity and help asses risk and maximize opportunities.
Before committing, you must assess your prospective local partner’s experience level and track record.
Working with experienced local partners who understand the unique challenges of our industry and local business environment is critical to get outstanding results compared to “good enough.”
2.Trustworthiness and integrity.
Another essential trait to look for in your local partner is his ability to deliver as they promised. Testimonials and references from previous work can help you make the right decisions. Also, agreeing on the deal with a letter of agreement or contract is vital to avoid misunderstanding and dissatisfaction. It would be best if you insisted on getting everything in writing.
I hope this help.