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Last year, IACCM developed a new methodology for managing third party relationships. It is called the VCU Framework and at its core it is a tool to evaluate and manage uncertainty, while protecting value for both parties.  In December, we started work with a group of leading members to operationalize this exciting new approach.

IACCM contracts methodology VCUFramework IACCMmodel

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At the IACCM’s 2018 Americas conference, sourcing and legal department representatives from some of the top companies in the world met to discover more about the future of contracting.  The hot topics were:

IACCM Smartcontracts commercialtransactions relationalcontracting future iaccmprinciples

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Tim Cummins, President of IACCM; Professor, Leeds University School of Law; Chair, International Commercial & Contract Management

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If you confide in Victor Perton that you are discouraged and pessimistic, he’s likely to smile, pull out a mirror, let you see your reflection, and hand you a marker.  What’s he up to?  It’s your first lesson in optimism!

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Caroline Anstey, Senior Adviser, InterAmerican Development Bank; Senior Fellow, Results for Development Institute

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Many buyers use Performance Based Contracts (PBCs) to contract for outcomes, because they are attracted by the simplicity of using PBCs. But this could be a costly mistake if you do not first carefully plan, set up and execute the  requirements of your PBC.1/2  

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Uncertainty of the US global trade policies is not new these days.  Add to that the trade wars escalating and tariffs on imports increasing – all of it making some organizations nervous and ready to relocate.  Find out why our author Rosemary Coates tells us to buckle our seatbelts and get prepared.  Our takeoff and rise into a turbulent sky will get bumpier for contract management before calm settles in.  

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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”.  

procurement contracting excellence contract management communication IACCM

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Dr. Stefania Passera, Contract Design and Visualization Consultant, Passera Design / IACCM

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Sky rocketing risks caused by escalating numbers of smart and dumb things connected to the internet can break you in four ways:

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