When engaged by a Vendor to provide services our key aim is to extract maximum value out of the contract for Vendor Engagement.
What Commercial Services do you provide for Vendor Engagement?
A typical Vendor Engagement would be as follows (and generally arises where the Purchaser requires additional services):
1. Contract Review – we review the contract to understand the legal terms and conditions, the commercial terms and the scope of services for Vendor Engagement;
2. Scope Determination – we would analyse the scope of services to determine if the ‘new’ services required by the Purchaser are in scope or out of scope
3. Out of Scope – we identify any out of scope services that the Purchaser requires for Vendor Engagement;
4. Proposal or Bid Documentation – we assist in drafting bid or proposal documents that the Vendor can provide to the Purchaser. The bid or proposal for Vendor Engagement would include:
Bid or proposal for Vendor Engagement
- SOW/SOR – a clear description of the services required;
- KPIs – any key performance indicators or service levels that the services must meet;
- Pricing – clear prices or a pricing formula for the services; and
- Contract Documentation – an analysis of the current contract with a view to setting out the most appropriate method for contracting these services for Vendor Engagement (e.g. by way of a Contract Variation Proposal or Contract Change Proposal to the main contract, or a new contract).
5. Negotiation – we can undertake negotiation with the Purchaser to ensure that both parties are satisfied with the new services to be provided for Vendor Engagement.
6. Contract Creation or Modification – once the bid has been accepted and negotiated we can then draft the relevant Contract, Contract Variation Proposal or Contract Change Proposal so that then new services are clearly defined and documented.
How can the Contract Company help me with Vendor Engagement?
Set out above is a typical engagement where we are engaged by a Vendor to provide Commercial Services. We can help with the above and more with Vendor Engagement. Check out our Experience.
We are all about efficiency, so as we like to say, do it once, and do it right.
Got a Contract Question?
Send us the contract with your questions or requirements. We will then provide you a fixed price quote to answer your questions, or to provide a general review of the contract.