Last month, IACCM announced the formation of a group to oversee and comment upon good and bad practices in contracting and related policies and practices. There is an abundance of material - ranging from payment terms, to bonus schemes that induce poor commitment decisions, to trade practices with emerging economies, to anti-competitive or burdensome terms imposed through market power. A key purpose of the group is to raise the profile of the contracts community as a key source of good governance.
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