Excellent list of improvements in managing contracts.

Commitment Matters

Many will be familiar with IACCM’s work to identify the scale of value leakage from contracts and to identify the major causes for loss. Unless you work in the Construction and Engineering sector, you may not be aware of similar work undertaken by international consultancy EC Harris.

At this week’s IACCM Asia Conference, Mike Allen (Partner and Regional Lead at EC Harris) presented ‘Global Disputes by the Numbers – and Contracting’s Role in Avoidance’. To an even greater extent than IACCM’s research, Mike’s work has pointed at weaknesses in contract management lying at the heart of most disputes – and therefore highlighting that improvements in contracting competence can potentially yield a rich return.

In concluding his presentation, Mike talked about a number of the improvements he is observing among market leaders. These reflected many of IACCM’s conclusions and I thought I would consolidate to produce a ‘Top Ten’ –…

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