Inadequate Public Sector Contracts Lead To £11bn Loss Each Year

Last Updated on Thursday, 20 August 2009 16:40 Written by prupert Thursday, 20 August 2009 15:36

An interesting article posted in Management Today recently, highlighted how failure in the Public Sector to properly negotiate when setting up new contracts leads to wastage of around £11bn each year. Whilst the article goes on to offer some support for Public Sector negotiating teams, in that often their hands are tied by some tight guidelines, there is always room for manoeuvre.

This article comes as no surprise to OTR-Group. From its experiences providing Contract Advisory and Review services via OTR-Legal, it often comes across situations where contracts have been been drawn up that are hugely skewed in favour of the supplier. However, with the correct advice and expert guidance, it is entirely possible to agree upon a solution that keeps all parties happy.