Loading...
 
 

The 10 Critical Pitfalls of Modern Contract Management - Webinar Recording & White Paper

Published: 02 Mar 2016 Average Rating: 3.7 / 5 Print
 

Author: Tim Cummins, Jonathan Dutton

A recent survey by IACCM indicated that the average cost of poor contracting is 9.2% of an organisation's annual income - and even higher for large capital projects, up to 15% of the contract value. And a 2013 study by the European Commission discovered that 65% of major projects 'fail' or severely under-perform, with average cost overrun of 80%.

Yet much of this failure can be eradicated through improved Contract Management and better commercial process and practices.

Through a series of workshops to augment their survey, desk research and own experiences, IACCM have identified TEN issues, or critical 'pitfalls' that most frequently lead to poor performance in service contracts.

Join the CEO of IACCM, Tim Cummins, and Jonathan Dutton for this webinar broadcast live from the Connecticut in the US, as he explains the ten most common contract management pitfalls unearthed by the research, as well as the SIX ways we can proactively turn these ten pitfalls into ATTRIBUTES of a successful contract management strategy.

 

This content is only available to members.

Register Now   Sign In
 

Related Discussions

Please sign in or register to post on this forum

The Boeing Company
2020-07-29 17:48:12

Modular Contracting Discussion / Help Needed!

HI: I would love to chat about your entity's experience with implementing a Modular Contracting system. From a look, feel, and integration perspective, I am par...
 
 
 
 
Replies: 3

Toronto transit commission
2020-03-27 15:19:59

Commercial Management Structure, Model, and Governance in Public Sector

Hi Everyone; Hope you and your loved ones are doing well and staying safe! We are in the process of Commercial Management Function establishment. We do have Materia...
 
 
Replies: 1

Hitachi ABB Power Grids
2020-02-27 23:57:03

Corona Virus

If anyone has encountered the same discussion - any ideas how to qualify and cover corona-virus and such nature of potential disruptions in the contract? What approxim...
 
 
 
 
Replies: 3

Pretorius Consulting
2019-09-18 17:50:21

Pricing Article Changes

Does anyone actually price changes to the Articles of the contract? For example, changing the venue for arbitration (5% of the contract value) or the change order pro...
 
 
 
 
Replies: 3

Pretorius Consulting
2019-09-18 17:43:44

10 Pitfalls to Avoid in Contracting

I note that the post is from November 2015. Would you say that the statistics for these 10 have remained the same in 2019? Is it possible to get more information abo...
 
 
 
Replies: 2

Schlumberger India
2017-01-13 06:46:58

Payment Default by Customer

Even after having Payment Terms as XX days, at times Customer is not paying as per agreed payment cycle time. What are all the methods we can use to expedite the Cus...
 
 
 
Replies: 2

Schlumberger India
2016-12-13 04:21:00

Digital Security Clause

We have been asked by our client to comply with the "Digital Security" clause of the contract which is based on ISO 27002. I would like to understand about ...
 
 
Replies: 1
Anonymous
2016-11-01 10:03:24

Advance Bank Guarantee

For receiving the advance payment, Client asked for BG and Contractor gives the same keeping the validity till delivery date (as XX-MM-YYYY) and received the amount. ...
 
 
 
 
 
 
 
Replies: 6

Sompo International
2016-10-23 02:55:59

Contract Benchmark Data

I have been trying to hunt down general bench-marking data on contracts since I became a member in May of this year and have been studying in the CCM Practitioner prog...
 
 
 
 
 
Older entries »
Replies: 4