Contracting Best Practices: Plugging Holes that Create Contract Leakage
When: Tuesday, April 11th at 5:15pm - 8:15pm
Where: Tewksbury Lodge – 249 Ohio Street, Buffalo, NY 14204
Topic: Contracting Best Practices: plugging the holes that create contract leakage
Speaker: Markley Ward
Presented by: This is a joint dinner meeting between the PMI Buffalo chapter and the ISM (Institute for Supply Management) Buffalo chapter.
Auditors have a unique viewpoint on supplier contracts. We are asked to interpret the language of the contract years after it was signed, and usually after the original signers are gone. What did they mean when they said "personnel" ($900k overbill)? What does the word "month" mean ($1.2M overbill)? When do volume discounts kick-in, and are they retroactive ($350k overbill)?
In this discussion, we will walk through some of the common financial pitfalls made with supplier contracts. We will discuss real life examples, and also walk through some best practices when executing a supplier contract. By the end of the meeting, you should have several things you can go back to your office and implement that could save your company thousands, if not millions of dollars. This session is for first year buyers and seasoned CPO's alike.
Bio: Markley Ward is responsible for the oversight of Clarity Consulting Group's contract compliance initiatives. He helps clients implement highly effective compliance programs, including supplier audits, accounts payable reviews, contract administration initiatives, and supply chain best practice implementations.
Prior to this role, Mr. Ward spent more than 19 years as a consultant and project manager, helping some of the largest companies in the world implement processes and technologies that enhance compliance to internal and external policies and procedures. Mr. Ward has an MBA from Utah State University.
5:15-6:00pm – Networking
6:00-6:45pm – Dinner
6:45-7:00pm – Chapter business updates
7:00-8:15pm – Speaker
PDUs: 1.25 for Business Acumen
Cost: $35 for members, $40 for non-members (cash/credit bar)
We will be capping the maximum number of attendees across the ISM & PMI Buffalo chapters, so please register before April 3rd if at all possible.
Registration will be closed at midnight on April 8th.
It is no longer possible to register for this event