Contract Management Blog

There are two main types of market research: qualitative and quantitative. Within those two categories, there are many different types of studies. This is a point that some contract managers tend to oversee when signing up for a research study. As valuable as qualitative research can be, quantitative research fits some projects better. It all depends on the project’s objectives. Let’s review the types of situations in which “hard data” from quantitative studies is needed.

The current economic troubles from China, Greece, and Puerto Rico surely bring back unsavory memories from past financial crisis, such as the one from 2008. One big question in any contract manager’s mind is: “Can China”s, Greece’s, and Puerto Rico’s problems affect my current contracts?” In this article, let’s analyze some of the potential effects of these current world events in your contracts.

It’s understandable d why companies try to determine ROI for market research. If research doesn’t positively impact the bottom line, then it shouldn’t be done. But calculating ROI for market research can be tricky, and using traditional ROI measurements can miss the full picture. Here are some benefits of market research that are difficult to quantify.

Contract management is a critical area of any business organization because contractual relationships are the lifeline of any business. Without clear parameters for transactions, businesses would have a hard time maintaining a sustainable operation.

The judicial system has provided different legal interpretations of these terms across jurisdictions, and even within jurisdictions. This doesn’t help either party. One party will be pressing to set a lower standard, while the other will be pushing for a higher one. In this article, we will provide an overview and analysis of best efforts clause practices.

Too much time and money is often wasted in negotiations. Regardless of their industry, businesses could be saving resources by handling contract negotiations more efficiently. Here are four strategies to streamline contract negotiations and prevent common pitfalls.

While the contents of the hacked Sony servers will surely be fodder for gossip magazines for many months to come, the focus should be on the red-flashing warning signals, particularly in contract management, for corporate America. Here are the top four contract management lessons from the Sony hack.

In a recent report from Grant Thornton, 50% of businesses involved in government contracting indicated that revenue from government contracts grew from the previous year from the previous year. However, there were 21% that experienced no significant change and 29% that experienced reductions in revenue. For most of the businesses, 93% of their revenues come from government contracting. Payment is a major issue in government contracts. Here are three useful strategies to prevent that a government contract goes wrong.