Moving from an agreement on project terms with a contractor to a signed contract requires special skill. If not managed effectively, the process can drag on for months. And the longer it takes to finalize the contract, the longer it will take the project sponsor to realize the contract’s value and benefits.MEC help compress the time from an agreement in principle to a signed contract, reduce contract risk and ensure you get the best possible terms.
MEC supports the seamless execution of supply agreements, master agreements, statements of work and NDAs by working directly with the procurement and legal teams, freeing up category managers to address more spend, and driving deeper savings in the process. MEC Contract management solution provides the following benefits: