Contract Management

Inadequate oversight & follow through of contractual rights

Lack of clear ownership on various segments of the contract

Weak Contract Archival & Monitoring mechanism leading to decision delays, legal costs & financial damages

Inconsistent terms & conditions

Firefighting and short sighted reactions 

Missing value capture potential

Review and document existing contractual Rights & Obligations with time and performance linked terms & conditions

Identify the key terms and conditions with proper risk assessment

Early Warning System to flag rights & obligations before they become urgent

Identify internal ownership for various aspects of the contracts

An early warning system method for tracking key dates, rights and  obligations

Contract Performance Monitoring and Assessment

Responsibility, Authority and accountability matrix

Continuous contract Risk & opportunity Assessment

Monitor outliers & non-standard terms & conditions