Contract Drafting & Contract Maintenance
Supplier contracts play a pivotal role in every company by establishing a clear and legally sound framework for efficient collaboration among supply chain participants. Contracts provide a structured basis for collaboration, minimising uncertainties, and significantly contributing to the overall success and sustainability of business relationships. The significance of contracts with suppliers and contractors can therefore not be overstated.
The types of contract suites used in the procure-to-pay process can vary based on the specific needs and preferences of the company. However, the common types of contracts that are often part of the procure-to-pay process include:
Contracts founded on the general terms and conditions of a company
FIDIC
NEC
JBCC
How can we help?
Our service offering focuses on addressing key elements required to establish robust and mutually beneficial contracts. This includes clarifying each party’s responsibilities, determining optimal pricing structures, specifying lead times and service levels, and incorporating strategic escalation mechanisms for price adjustments. We also outline clear invoicing and payment terms, define deliverables, milestones, and Key Performance Indicators (KPIs) to align with your objectives as well as address legal aspects, such as force majeure, default, termination, and confidentiality.
Our team of contract specialists possesses a unique proficiency in drafting agreements that adeptly capture and integrate the commercial, legal, and technical intricacies essential to the success of the arrangement. Our team has expertise in drafting various types of contracts, including:
Supplier agreements for various goods and services
Contractor agreements for various services or maintenance work
Service level agreements
Lease agreements and many more
What are the Benefits?
Our contract drafting and maintenance services go beyond the creation of static agreements. We provide dynamic and responsive solutions that actively contribute to risk management, cost optimisation, supply chain reliability, and the establishment of enduring relationships.
Minimised opportunity for disputes
Reduce the likelihood of misunderstandings and disputes as the roles and responsibilities of each party, along with key elements such as deliverables, milestones, and Key Performance Indicators, are clearly defined and addressed. This clarity promotes smoother collaboration and minimises the potential for conflicts.
Cost Containment
Contain costs and achieve financial predictability and control through our contracts, which strategically incorporate escalation mechanisms or formulas. This approach will empower you to manage your budget more effectively, ensuring that your spending aligns with your company’s financial objectives.