Contract Management

 View Only

Welcome to the Contract Management Community. Here you will find the latest discussions and resources that can help you in this area. Note: You will need to Sign In or Register to join in the discussions and access resources. 

About Vendor Contract Management: Vendor contract management is the oversight of written agreements with vendors that provide your organization with outsourced products or services. Proper contract management is important because if a vendor contract is signed that doesn’t include all vendor expectations, outline service levels, or identify ongoing due diligence requests, then these expectations may not happen.

Latest Discussion Posts

  • Hi, That's tough if you already have the requirement in your contract, but they just dont comply. Do you know why they do not test their DR plans? One measure you could look to add to the contract, is the requirement to allow your firm to participate ... More

  • Profile Picture

    BC/DR Contractual Remedies

    This message was posted by a user wishing to remain anonymous Hi everyone! I was just wondering what you all were doing as far as contractual remedies when a third-party doesn't meet the BC/DR standards that were agreed to? For example, they don't ... More

  • Profile Picture

    RE: Vendor policies and procedures

    Advance payments or prepayments shall be avoided whenever possible. Best practices suggest that goods and services should not be paid for until they have been received in good condition or performed satisfactorily. Still, it may be necessary to make an ... More

    1 person likes this.
  • Hi Wesley, I hope I understand your question correctly. If not, please let me know. When developing KRIs and KPIs for your Third-party risk management program, it's important to start with the organization's objectives for having the program in the ... More

  • Profile Picture

    Vendor policies and procedures

    This message was posted by a user wishing to remain anonymous Hi folks, I am planning on working on a policy regarding advance payments to small vendors for initial contract expenses, but I would like to have some sort of policy that would make them ... More