European IT Contract Guide

November 17th, 2006 at 10:08am David Bush - Iasta

As per a recent article in SupplyManagement.com, Intellect, the UK trade body for the IT, telecoms, and electronics industries and law firm Beachcroft just released the Contract and Commercial Guidelines (pdf, members only, link off of Intellect home page or e-mail sjyates @beachcroft.com.uk) to help buyers and suppliers when drafting or negotiating contracts for IT products and services.

This is because “the contract can no longer be divorced from the deal as something that only lawyers need to worry about” in today’s procurement operations. This is not only a good resource for European procurement professionals, but for American procurement professionals who need to draft contracts with European suppliers.

A good guide can simplify the negotiation phase of sourcing, streamline your processes and improve your efficiency, leaving you more time to focus on contract management, which is where the savings actually materialize from a sourcing effort. After all, planned savings are only realized from effective contract management.

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Entry Filed under: Contract Management, General, Suppliers