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As we’ll discuss, tendercontracts are becoming an increasingly viable option for businesses to attract new suppliers and contracts. However, many businesses may not know where to turn when it comes to tendercontracts. Public sector tenderingcontracts have many benefits.
Now there is a time and a place for price negotiation of course, but if you are an organisation where speed, innovation and agility is really important, key suppliers who play essential roles need to be handled differently. . However, supplier collaboration is much easier to talk about than implement.
The Court of Justice judgment in Kolin Inşaat Turizm Sanayi ve Ticaret ( C-652/22 ) (‘ Kolin ’), which addresses for the first time the legal position of third country economic operators wishing to bid for a procurementcontract in one of the Member States, must in my view be read in this changing context. 46 and 47).
The contract drafter needs to be clear on what is being procured and hence the penalties and insurance requirements need to align with the deliverables. A good example is insurance requirements which can cause procurementcontracts to fail. Contract management is foundational to an effective procurement process.
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