Contracting Excellence Journal

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Clarity, flexibility, direct link to project management – that’s what sets NEC contracts above ‘traditional’ standard forms.

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Topics: contract /commercial management, contracting excellence, contract management

Is innovation important to your success?  If so, can you make it happen?   Many do not know how -- even though innovation is vital to business value and successful results. 

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Tim Cummins, CEO of IACCM, and Sulaiman Ibrahim Al-Hubaishi, Senior Vice President Supply Chain, were among 50 attendees at the IACCM Member Meeting, hosted by Saudi Electricity Company on April 15, 2018 at their facility in Riyadh, Saudi Arabia.

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Topics: contract /commercial management, contracting excellence, organization & people

In case you haven’t heard, IACCM has been conducting introductory sessions for new IACCM members to answer pressing questions about…

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Topics: contract /commercial management, organization & people, communication

Do we exist within the contracting paradox - “the delusion that we write contracts to make plans, but we cannot really plan accurately”1 And, as a nice twist, we trick ourselves into believing that we can plan?2

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Topics: contract /commercial management, organization & people, contract management

Their self-service contracts are signed with a single ‘click,’ and the service they receive is instant. Agile self-service customer deals are the future – but if your contract lifecycle management (CLM) systems can’t cope you could soon pay the price.

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Topics: contract /commercial management, organization & people, contract management

Obviously risk management is supposed to manage risk. But in over thirty years of working in the field, and having seen thousands of risk registers, I’ve found that about half of the things people identify as risks are actually not risks at all.

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Topics: contract /commercial management, contracting excellence, risk management

If you hesitate to pilot new contracting technologies and hope to stick to tradition, you’re not alone. But ready or not, many automations are upon us, including block chain, process automation, Artificial Intelligence (AI), and digitization.

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Topics: technology, contracting excellence, supply chain management, contract management

Procurement has not experienced a positive image with C-suites for many years. Seen as being divorced from corporate strategy, procurement is accused of failing to create value.

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Topics: contracting excellence, organization & people, contract management

Deadline is May 25, 2018 for meeting compliance standards set by the General Data Protection Regulation (GDPR). With penalties for non-compliance set at up to 4% of annual revenue, it’s a clear area for focus – but are you ready? 

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Topics: contract /commercial management, technology, contract management

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