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In a previous article, we introduced the FIDIC contract, its specific features, the various FIDIC types and the points to watch with these templates. In this article, we look at one of its (more or less distant) cousins: the NEC contract. 1. NEC contracts: definition and overview Straight to the point: “NEC” stands for New … Read more
In a previous article, we introduced the statement of work (or “SOW”), gave a definition and shared a few quick pointers on the subject. In this article, we move from theory to practice and get into the substance of the SOW (pun intended), one of the main contractual documents a contract manager needs to handle … Read more
In contract management, and more broadly for anyone running a complex project, getting a clear grip on what a “claim” is and what it covers really matters. In many companies, particularly in France, a claim is still often read as a sign of distrust, or even a declaration of war. That negative reading creates unnecessary … Read more
FIDIC (the International Federation of Consulting Engineers) is the organisation behind a series of standard contracts used in France and internationally for construction and engineering projects. These templates, drafted by a body of engineers and lawyers, are built to allocate roles, responsibilities and risks between the parties (contractor and employer). FIDIC publishes several contract templates, … Read more
In contract management, particularly in construction and energy, you regularly come across so-called “FIDIC” contracts. Together with NEC contracts, FIDIC contracts have become the standard over the past few decades for complex construction works, EPC contracts and public-private partnerships. They run through the life of many projects and, as a result, shape the everyday work … Read more
The publication a few weeks ago of a study carried out by the WCC (World Commerce & Contracting) involving almost 200 organisations highlighted the specific features of contracts in the energy sector (more specifically oil & gas and energy or OGE). Over and above the quantitative aspects, this study also identifies key points and areas … Read more
The Cyber Resilience Act (or CRA) is a European regulation which forms part of the adoption by the European Union of a legislative framework which takes account of the cyber threat. This framework, already made up of directives (see the NIS 2 and the Critical Entity Resilience (CER) directives) and regulations (see DORA, the AI … Read more
We put out a call in December, and in just three weeks over 200 contract managers from five different countries responded to the survey conducted in partnership with contractmanagement.fr, making this study a benchmark for understanding the major developments in the profession. This broad participation provides a comprehensive overview of the challenges that contract managers … Read more
Everyone – or almost everyone – dreams of having a contract manager in their team, don’t they? The obstacle often lies in allocating a budget for a function that is still new, often unknown and sometimes wrongly associated with a cost centre. After all, why invest in an expert whose impact is not always immediately … Read more
Contract management is a discipline that originated on the other side of the Atlantic (in the US!). It is therefore often interesting to immerse oneself in their practice of the discipline, in particular to draw inspiration from their best practices, given their greater maturity, especially in terms of processes and documentation of the profession. To … Read more
At the start of my career as a contract manager, I was often confronted with drafting, proofreading or negotiating the famous “SOW”, which in French is pronounced “seau”, or “sot”, or “sceau”. This SOW has nothing to do with his namesakes (nor with the soccer player Moussa Sow). We explain what a SOW is and … Read more
For several years now, IT has played a central role in the smooth running and development of companies and public bodies of all sizes. However, the day-to-day management of information systems is not an easy task, and outsourcing has become a common practice, with a number of advantages and risks that need to be assessed … Read more
HRIS, ERP, PIM, CLM, CRM… software is everywhere, and is now essential to the running of any business. The implementation, maintenance and support of such software involves the negotiation and conclusion of license agreements (also known as SLAs, or Software License Agreements, not to be confused with its namesake, the SLA for Service Level Agreement). … Read more
Contract Management is a fast-growing discipline that plays an essential role in the management of contracts within companies. For experienced lawyers and non-lawyers alike, Contract Management training brings a crucial new perspective to contract management. In this article, we’ll explore why it’s beneficial to train in Contract Management and how to access this essential training. … Read more
In a world where contracts play an increasingly crucial role in commercial operations and, more generally, in optimizing a company’s top and bottom lines, contract management has become an essential discipline for companies of all sizes and in all sectors. Although the impact of a company’s ability to effectively manage its contracts has long been … Read more
Contract Management is an essential business discipline which aims to optimize the management of contracts throughout their lifecycle. This is known as “contract lifecycle management”. Contract Management encompasses a wide range of processes, from the pre-sales phase, through performance management and potential conflict resolution, to contract negotiation and monitoring. In this article, we’ll explore the … Read more
Introduction Summer is here, and it’s the perfect time to relax and immerse yourself in reading. If you’re a contract manager, project manager or any other function involved in preparing, negotiating or monitoring contracts, we’ve got just what you need to make your summer a studious one. In this article, we have selected a series … Read more
When a company decides to outsource the management of its information systems, it generally signs a facilities management contract with a service provider, often confused with a Managed Services Provider (MSP). This type of contract is essential to ensure that the service provider meets the company’s needs and delivers quality services. In this article, we’ll … Read more
