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 Calgary April 2014 Luncheon - Vendor and Contract Risk Management

4/16/2014 11:30 AM
4/16/2014 1:00 PM
Calgary Fairmont Palliser Hotel 133 - 9th Avenue SW, Calgary, Alberta T2P 2M3 |  

Creating value through contract compliance and vendor management

An important step toward successful completion of the ongoing capital spend is cost management. This starts with understanding of the current state of vendor compliance on current contracts, and what enhancements are required for future contractual risk mitigation. Contract compliance and vendor management have become a critical part of a company’s cost management plans. Internal Audit groups for many companies are demonstrating value added services to their internal clients by identifying cost recovery potential, cost prevention opportunities, and advisory services around strengthening of contract development and administration. Keys to reaching this value added success include, understanding of those contract areas which pose the greatest risk to the company, demonstrated understanding of subject matter to the project teams, as well as return on investment.”

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