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Contracts Review

Contract Review

Risk Indicators

Organizations which ponder questions like these may benefit from an iMC Contracts Review engagement…

  • Is our contract inventory adequate?
  • What do we think we’re buying?
  • Do the contractual metrics drive the intended outcomes?
  • How well is the current contracting process working?
  • Do the contract owners and managers understand how to drive value out of their contracts?
  • Are we effectively managing our business critical vendors?

Our Process

Contract Review Process

Review Outcomes

At a minimum, our Contracts Review process results in the following outcomes:

  • Identify hard dollar savings
  • Identify value added services
  • Identify contracting process improvement opportunities

Case Study

iMC team members conducted a Contracts Review for a state government entity with 26 at risk contracts. Some of the results were…

  • Agency spending $700K on a “training contract” that should have been a much less expensive web hosting contract
  • Agency spending $410K with an ineffective family adoption vendor
  • Agency spending $150,000 for a psychologist which never saw patients
  • Agency 5 year contract with third party had escalating annual 5% increases

Net Result:
$37 million in hard dollar savings and $137 million in value added services