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 management, contracting excellence, contract /commercial management

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

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: communication, organization & people, contract /commercial management

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 management, contract /commercial management, organization & people

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 management, organization & people, contract /commercial 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: risk management, contracting excellence, contract /commercial 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 management, technology, contract /commercial management

Are you using your contracting processes to drive quality and efficiency or to embed inefficiency?

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Topics: contract management, technology, contract /commercial management

Everyone knows that “business hates uncertainty.” It poses clear threats to business, but offers significant opportunities as well.

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

Editor’s note: This article is an excerpt from the book “Contract and Risk Management for Supply Chain Management Professionals” published by X. Paul Humbert, Esq1.

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

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