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Guide: Mid-term Contract Review: 6 Essential Tips
Many times it’s what a party does beyond providing the service or goods agreed to in the contract that makes a renewal a successful non-event. Adding value to this relationship is a critical part of growing a relationship with a client to make them satisfied and to retain them as long-time customers.
In many ways a mid-term review of a contract uses some of the same ideas and tasks that are used when preparing to negotiate a new contract or a renewal. Understanding the timeline, key deliverable dates, responsibilities, and measurements are all critical to ensuring that both parties are getting the benefit of the bargain. ...Continued
Next Steps
After investing time and resources creating these policies, make sure employees read, understand and apply them to their daily job responsibilities! How? Read the Guide on How to Ensure Employee Accountability & Compliance through Effective Policy Management.
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Education
Manage employee and teacher contracts, sponsorship deals, city and state regulations, and partnerships.
Manufacturing and Retail Industry
Manage supplier and vendor contracts, employee and staff contracts, distribution contracts, and facility leasing and ownership contracts.
Healthcare
Comply with HIPAA, HITECH, ICD 9, ICD 10, and FDR CFR regulations for contract management, and handle active directory contracts for your organization.
Financial Services and Banking
Comply with SEC, FDIC, FINRA, OCC, CFTC, and Federal Reserve regulations on contracts, handle employee contracts, and partnership deals.
Insurance and Employee Benefits
Create and manage employee contracts, improve organizational transparency, reduce risk factors, and mitigate lawsuits.
Energy and Utilities
Abide by local, regional, state and federal regulations, manage contractor information, develop third-party outsourced contracts, and handle facility agreements.
Transportation
Comply with FAA, DOT, FMCSA, FRA and FTA regulations for contracts, outline contracts for drivers and vendors, and reduce potential risks.