Category: Contract Management

A service credit is a payment for a non performance by a supplier. It’s normally measured using a KPI. Context and Usage The hierarchy is an SLA, then the KPI’s and then service credits. Here’s a breakdown of what this entails: Service Level Agreements (SLAs): A service credit will typically be part of the SLA…

Creating a comprehensive contract management checklist involves several key steps to ensure effective oversight and compliance. Here’s a detailed checklist you can use: Remember, tailoring this checklist to your specific industry, organization, or type of contracts is crucial for its effectiveness. Adjust and expand it as needed to suit your particular contract management requirements.

Procurement Extension letter template FAO: [Insert Contact Name from Notice Provisions of Contract] [Contactor’s Company Name] [Contractor’s Company Address] [insert date] Dear Sirs, Extension of [insert title of Agreement] between organisation] and [insert Contractor’s Company name] dated [insert date of contract] [include the words ‘(as amended)’ here if the Agreement has been amended/extended previously] (the…

While there is no single common format for supplier business reviews, it is clear that there are some proven best practices. These meetings should be part of the contract management process, and while it may seem obvious what to do, it’s important to consider what you’re trying to achieve with these reviews. These are key…