Contract Lifecycle Management involves not only the proactive management of compliance to the negotiated terms and conditions of your agreements, it is highly dependent on how the specification and contract is constructed.
I keep six honest serving men,(they taught me all I knew); Their names are What and Why and When, And How and Where and Who
When he wrote this at the start of last century, Rudyard Kipling identified one of the most critical of contracting success factors. Successfully managing a contract is directly related to how well you specify the service up front, whatever field you work in. This is true, whatever contracting methodology you select. If you put in the work and get the specification right, managing the contract through delivery will be far easier than if you do not.
Producing a good specification is worth the effort to make your life easier when managing delivery of the contract.
Dont base your relationship on general conditions, draft your legal document using the specification as a guide, and make it outcomes based. This will give you a far more usable document with clear guides and control mechanisms that can be utilised to proactively manage the contract.
If you get the specification right, then contract lifecycle management software can be used to proactively manage a successful relationship.
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