Good practice in contracts management can deliver real strategic
and operational benefits and greater value from
contracts. Savings in the region of 10% to 25% of annual spend can
be claimed and compliance can be improved.
Contractual arrangements govern most business
transactions and organisations that manage contracts poorly can
suffer from a lack of visibility and control, leading to increased
business risk and cost.
Successful implementation of a contracts
management system can support improved business practices and the
realisation of benefits.
This guideline draws on the experience of many
leading organisations to focus on the key issues that all
organisations need to address.
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