Contract Review and Audit
Regardless of how well your project is performing, how much profit you are making, or how good your relationship is with you trading partners, the contract you have signed with them is a living, breathing legal agreement and there are certain factors you must comply with, some constant, some annual and some may be ad hoc requiring a trigger event to come into force.
On long-term contracts, if you are lucky enough to maintain the same personnel who understand the deal throughout the contract term to manage your contract there is always the danger of ‘not seeing the wood for the trees'. Over time, you may have relaxed your stance on matters such as keeping your correspondence file up to date, or applying indexation provisions as timely as you were entitled to under the contract, we have seen numerous organisations caught out by this practice at vast expense.
A key service provided by Contract Management Direct is a quick-hit, fixed price contract review and audit. We can advise you on areas such as if you are working at-risk or without commercial cover, or non compliance with contractual notice provisions etc. A fresh pair of eyes belonging to one of our expert contract advisors is an effective, value for money ‘insurance' policy for your contracts.
