Dimensions
109 x 178 x 15mm
The Managers Guide to Understanding Effective Contract Evaluation gives managers and employees an understanding of how organizations review and evaluate contracts in the course of business. The current climate of business is one of heightened awareness of risk and of continued attempts to outsource and transfer such risk, wherever possible. Failure to detect attempts to unfairly transfer such risk can have devastating effects upon an organization. Executives do not wish to be exposed to personal liability for having committed their company to a major loss-making contract or one that lacked basic and necessary safeguards. Worse still would be the case where valuable proprietary rights were actually surrendered.The differences between the competing methods that organizations employ in the evaluation of contracts are explained. The merits and disadvantages of these differing methods are considered, as well as illustrating the impact of each method on the effectiveness of the contract evaluation process.
