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An exceptional day in Kuwait - with Sally Guyer, CEO, along with speakers from Kuwait Oil, Fluor, Pinsent Masons, Capgemini and others who discussed hot topics around how to Create Value Through Change.
We have all witnessed it. Whether it's our kids and their obsession with computer games and mobile phones, or the way that email has come to dominate our working day, or the extent to which physical meetings have been replaced by conference calls and webinars, technology continues to transform communications and the nature of human interactions. And that has very real consequences for the quality of life and the value that is generated from relationships. So is technology destroying contract performance?
Going into the new year, the pace of business continues to increase. With the rapid speed at which organizations now operate, the likelihood of introducing errors into your contracts are at an all-time high largely due to dated and manual contract processes. But you can level-up your Contract Management for the New Year.
The International Association for Contract and Commercial Management Inc (IACCM) announces its acquisition of Global SRN LLC.
A shift in procurement practices from awards based on price to awards based on value is much discussed and, for most people, long overdue. All the evidence suggests that many organizations continue to struggle with making the change.
From a Business Standardization perspective, the Contract Briefing Template is a wonderful tool. If I were to spearhead all of the contracting in my organization, I would feel confident in having members of my team review contracts knowing they were following this particular protocol which is also a perfect jump off point for crafting a renewed agreement. I truly believe I will put this template to good use when I am called to review a contract with a potential vendor.
I am building a Delegation of Authority (DoA) from scratch for a small enterprise. It will be sponsored by the CEO and then flow down as usual to the various functions. I have a blank sheet of paper - can anyone please provide a (redacted) real life example so that I can get the creative half of my brain working on it. I am in the UK. Thank you kindly.
I work in a multi cultural environment. My company is truly a global player, and I manage a team spread out the Americas Region: USA, Canada and Latin America. This subject is very close to my heart, and I am a truly believer in the benefits of diversity and multi-cultural teams. The usual feedback of my team members is that they appreciate the multi cultural environment and the richness of interacting with people from different culture, languages, backgrounds. Cultural diversity can totally help a lot in creativity, team building and certainly results.
Hi, my colleagues and I are putting together a survey for our stakeholders and suppliers. the Objective is to gauge the standard of service and engagement and identify any areas for improvement. Does anyone have any suggestions of good questions to ask of these audiences please?
I am brainstorming ideas for a supplier contract where I want to ensure the technology and services to be provided by the supplier for resale to our end-customer over a long term contract do not disappear, either through supplier insolvency or acquisition. If this were a software deal, I'd ask for source code escrow from the supplier. What would an equivalent level of protection be for a hardware/services solution?
Collaboration has been around since the dawn of civilization and perhaps well before, so it is interesting that there is so much focus being placed upon it today by so many corporations. Why? • What is collaboration anyway? • What are the six Leadership skills 'must haves' for collaboration? • How will it make business better? https://www.linkedin.com/pulse/collaboration-why-fuss-richard-sterling
Collaboration has been around since the dawn of civilization and perhaps well before, so it is interesting that there is so much focus being placed upon it today by so many corporations. Why? • What is collaboration anyway? • What are the six Leadership skills 'must haves' for collaboration? • How will it make business better? https://www.linkedin.com/pulse/collaboration-why-fuss-richard-sterling
Thanks for the interesting article. From my experience, i've encountered number of client who likes to dominate the contract administration and project execution process. Does anyone know if there are any case studied that i reference and also share my opinion?
Great webinar by Jim Bergman on the benefits and challenges of Relational Contracting. Does Relational Contracting require long term commitment over multiple contracts for the parties to realize the benefits? How do we ensure that the benefits (price competitiveness, quality of service, innovation etc.) that can also accrue from competitive sourcing are not lost ?
Some businesses have already started their new financial year; others will start on 1 January. What are some of the contracting issues that your start-up or small business is facing in this new year? Where their customers are part of a larger group, my clients are seeing pressure exerted by the group to establish more stringent acceptance procedures for software solutions and for the vendor to accept more liability in fixed-price projects. What are the trends in conditions are you seeing from your customers if you are a vendor, and what changes are you planning to implement with your vendors if you are on the buy side?
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