Managing contracts is difficult AND expensive. Commercial Officers has found that on average, 10% of contract value is lost due to mismanagement.Contracts are used in over 70% of businesses, and are required for large-scale projects to ensure both parties understand the requirements for arriving at a pre-determined goal. If you’re eating a pizza, do you eat 7 slices and throw one away? Probably not, so why approach contracting yields differently? This is where Commercial Officers steps in. The main areas in which contract management falls short are: 1️⃣ Poor defined specifications2️⃣ Failure to engage stakeholders3️⃣ Inflexible structuring4️⃣ Misallocation of Risk5️⃣ Lack of responsibility and accountabilityOver the past 25 years, I’ve worked with private and government organizations to address strategic sourcing, management consulting and assisted clients through all 12 steps of the contract management process. My efforts have demonstrated savings in excess of $100 million. Interested in a conducting a preliminary contract management assessment?Let’s review: Jbergman@commercialofficers.com or use the booking link in my bio.