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Briefing - Contracts - Legal tips on negotiating contracts for IT projects.
(From Financial Director)
IT projects often go wrong because of badly negotiated, poorly worded contracts and weak project management teams. The following briefing, based on the advice of Kiran Sandford, partner in the IT group of law firm Mishcon de Reya, offers tips on ensuring that supplier contracts for IT projects come in within budget, are on time and meet objectives.
The team
The internal project management team should be in place from the start, and for the duration of the project. It should focus on business objectives. The team should comprise the following individuals:
- IT specialists - include an outside IT consultant who knows your industry well and your IT director.
- Lawyer - he/she will help you put together a contract in plain English that achieves your business objectives and caters for potential stumbling blocks.
- Project manager - select someone to co-ordinate the project and act as a contact point.
- Acceptance of an offer can occur in many ways. (buyer-supplier contracts)
- Magazine article from: Purchasing Decker, Russell July 20, 1989 700+ words
...takes to form a contract binding both parties...formation of business contracts was similarly...that there was a contract even though the...t followed the supplier's instructions...never signed a contract. The supplier sold elsewhere...
- Delphi asks to extend its supplier contracts.
- Newspaper article from: Detroit Free Press (Detroit, Michigan) (via Knight-Ridder/Tribune Business News) November 22, 2005 700+ words
...of its own suppliers to continue...auto-parts supplier filed a motion...extend their contracts. The contracts expire Dec...automotive supplier consultant...said the contract extensions...Butler said. Suppliers have threatened...linked to its supplier contracts ...
- DETROIT EDISON SECURES 10-YEAR SOLE-SUPPLIER CONTRACTS WITH BIG 3 AUTOMAKERS
- Press release article from: PR Newswire August 3, 1994 700+ words
...special manufacturing contracts" as part of an overall...Lobbia said. The contracts, if approved by the...obtains long-term, sole supplier commitments for electric power." The contracts come at a time of industrywide...and possibly distant suppliers. Current law also allows...
- Analyzing vendor and supplier contracts. (Group Practice)
- Magazine article from: Physician Executive Korenchuk, Keith M. March 1, 1992 700+ words
...most instances, these contracts are executed by the...the analysis of these contracts. Preliminary Considerations...analyzing vendor or supplier contracts is that the agreement...described? Reading the contract carefully with this...
- Nextance to Discuss Driving Performance from Customer and Supplier Contracts.
- Press release article from: Business Wire April 24, 2007 700+ words
...sales proposals, contracts, and other relationship...and improving supplier performance...Supply/Customer Contracts," the presentation...problems common to contract negotiation and...performance from contracts during negotiations...afterwards, and why contract management ...
- Officials, Delmarva power representatives discuss long-term supplier contracts.
- Newspaper article from: Delaware State News (Dover, DE) October 18, 2006 700+ words
...long-term supplier contracts Tuesday...get other suppliers to build...year supply contracts. Long...electric supplier would require...electric supplier bids for...could lead to contracts with less...Nov. 1. Suppliers would have...
- U.S. Businesses Losing $153 Billion through Lax Enforcement of Supplier...
- Press release article from: Business Wire June 30, 2003 700+ words
...and management of supplier contracts cost businesses...just-published Contract Management Benchmark...such as printing, contract labor, and information...involving offshore suppliers; and identifies...technology buyers and supplier organizations...
- Boeing Awards Major Supplier Contracts for 7E7 Jet.
- Newspaper article from: Knight Ridder/Tribune Business News April 16, 2004 700+ words
...the final three major supplier contracts for the upcoming 7E7...value of its part of the contract as $4 billion, over...nacelles and struts contract awards, Boeing Wichita...billion estimate for the contract's value -- making...
