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IACCM Contract Management Forum

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Babcock International Group
2020-07-03 13:37:48

The increasing costs of negotiating a contract due to the uncertainty surrounding Brexit

The company I work for has boiler plate contracts to use as templates, however these are adapted to ensure a more tailored approach, depending on the individual opportunity. The time spent negotiating recent contracts has increased due to the uncertainty surrounding Brexit and the potential implications this may have.
 
 •  stratagility  •   2020-07-24 01:23:42
Sarah,

The Brexit scenario, coupled with COVID-19 are indeed leading to extended negotiating periods.

Given that Brexit will not be finalised for some time, the only practical way to deal with this would be to include provisions for a process to agree changes to customs duties / tariffs / excises etc. in your contracts.

Hope this helps.
 
 
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