Contracting Excellence Journal

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In a world where environmental, social and corporate governance (ESG) is at the top of Corporate Agendas and where 181 CEOs have publicly stated that putting purpose above profit is essential, I would argue that we should all care.  Here’s why.

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Topics: contract management, contract simplification

In April 2017, the Association of Consulting Architects prepared an Industry Discussion Paper on Procuring Architectural Services.1 This paper sends a clear warning that all buildings should be designed to fit their intended purpose.  “They should be efficient to build, maintain and operate, and should have a positive impact on the communities they serve”.  

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Topics: procurement, contracting excellence, contract management, communication, IACCM

The theme this year for UN World Autism Awareness Day was Assistive Technologies, Active Participation.1  So could this and other similar events lock arms with the future of work?  I eagerly think so.  Here’s why…

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

I feel living within the IT industry right now is like living in the middle of a storm with many disruptions. We hear repeatedly how IT companies are transforming themselves while at the same time driving the transformation of customers, whose own challenges are shaking the pillars for so called more traditional IT businesses. Our words in fashion, are becoming a popular part of our jargon – agility, digital business models, ecosystems, etc..

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Topics: contracting excellence, contract management, communication, IACCM

EDITOR’S NOTE - If you are not using metrics to measure your legal and contracting processes, this article will tell you why this neglect is very shortsighted even though it’s popular with many contract and legal experts.   Amber explains how using metrics can replace risk of failure with measurable value to your clients and legal departments. She also spotlights common misconceptions held by too many professionals…

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Topics: contracting excellence, contract management, communication, IACCM

Is a great deal a good idea?

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Topics: negotiation, contracting excellence, contract management, communication, IACCM

If your team has been spending many hours brainstorming for days -- trying to create a contract playbook but you’re getting nowhere -- there’s hope.   Henal Patel tells how his organization discovered a way to get the job done quickly. You can do this too.  Here is what he has learned about the contract playbook design and one tool you might want to use to create your own unique playbook.   

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Topics: contracting excellence, organization & people, contract management, communication, IACCM

The following commentary is a reprint of an article written by the author for Elevate Services.  It posted on that website Feb 12, 2019 and is reprinted here by permission of the author and his firm, Elevate Services.  

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

Too many organizations in the world still do not have a solid contract management program in place.  This often pulls hidden risk into the business -- risk that can be easily avoided.  Just becoming aware of this and being willing to take protective measures is an essential first step in the right direction.

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

In contracts about complicated services, the hardest terms to draft appear in statements of work. SoWs for large projects demand long lists of duties from the vendor. And usually they’re interwoven with supporting tasks from the customer and its other suppliers, along with countless contingencies, assumptions, and exceptions. Putting all those pieces into an effective contract challenges the best drafters. The result is often hundreds of pages of baffling mess. Yet the path to good drafting is simple: write outcome-driven descriptions. In other words, describe the technology the vendor will create or run or both, and then stop typing.

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Topics: contracting excellence, contract management, communication

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