What are the different types of supplier contracts?

What are the different types of supplier contracts?

There are multiple types of contracts that can be agreed with varying degrees of risk for the supplier and client. In essence, the contract type breaks down into two basic categories: Fixed price contract: This will usually have fixed price milestone deliverables, sometimes with penalties if the supplier fails to deliver.

How are suppliers involved in a complex project?

The degree to which suppliers are involved and responsible varies but the more complex the project the greater need for suppliers.

Can a prime contractor subcontract to a supplier?

Suppliers may subcontract specialised work or they can be appointed as the prime contractor who will take overall responsibility for the delivery of the project. The ownership of the relationship from the client to supplier is essential, as is the governance.

Who are the troublesome suppliers, issues and their management?

Goodman, E. & Henry, P. (2009). Troublesome suppliers, issues, and their management. Paper presented at PMI® Global Congress 2009—North America, Orlando, FL. Newtown Square, PA: Project Management Institute.

What is computer hardware enterprise software and solutions?

DESCRIPTION: Computer Hardware Enterprise Software and Solutions (CHESS) is the Army’s designated Primary Source for commercial IT. CHESS provides a no-fee flexible procurement strategy through which an Army user may procure commercial off the shelf (COTS) IT hardware, software and services.

Are there any rules for negotiating software contracts?

In the world of tech contracts, business-people and lawyers tend to screw up the same handful of clauses, in roughly the same ways. If you can avoid those mistakes—five of them—you’ll greatly improve your contracts and protect your bottom line. Ready to get your contracts in order?

What should I look for in a software contract?

If the vendor is customizing software, the contract should have customized specifications, describing the features and functions you need. If the vendor’s giving you something off-the-shelf, the vendor’s standard specifications may do the trick. Find them and read them.

What is a nondisclosure clause in a software contract?

A nondisclosure clause says the recipient won’t use confidential information for any purpose other than whatever’s intended in the contract—and won’t share it with anyone else. It’s a great tool for protecting secret recipes, business plans, customer lists, source code, and the like.