Learn in this article what an RFP is, why it’s crucial, and how to create or respond to one effectively. Ideal for businesses, government agencies, and nonprofits aiming for successful project outcomes.
Enabling business teams to self-serve on contracts doesn’t mean that legal loses control. When companies implement software like Juro, legal teams can bake fallback clauses into contracts, set up conditional approvers, and use automated templates to ensure only pre-approved language is used in...
A general contractor’s role in the payment process What does a general contractor do? A GC is responsible for seeing a construction project through from beginning to end. Essentially, a GC acts as a go-between between the property’s owner and everyone who brings the building to life, incl...
it will likely need to either compete for those requirements in response to a specific RFP known as Request for Proposal, or marketed services through a contract vehicle, such as the GSA schedule or similar task order contracts that allow agencies to place orders with limited or no competi...
CLM's Role In Vendor And Contract Lifecycle Management (VCLM) What is the Contract Lifecycle Management (CLM) process? What does effective contract management look like? What are contract lifecycle management (CLM) best practices? How your business manages its contracts - from the systems it uses...
However, as new RFI, RFP, and future contracts are released and staffed, the mandate will become more enforced. Around the government's fiscal year in the fall, the published solicitations will begin to set the new standard. The first ten solicitations will be the pathfinders and help the ...
Hidden costsbecause although not investing in contract management software may seem cost-effective, the cost of missed renewals can soon add up. The inability to scaleas a manual process that works for 10-50 contracts can easily become unworkable if a business grows to 500+ contracts. ...
CMMC certification will soon be a minimum requirement to be eligible for DoD contract awards, but this does not mean that contractors should view their cyber-compliance as “complete” once certification is achieved. DoD has emphasized that the CMMC is a starting ...
An RFP is, in part, an advertisement. It announces that a project is proceeding, and opens the door to qualified candidates who can get the job done. In government, the RFP has been adopted as a way to ensure that cronyism is removed as a factor in the rewarding of contracts. It als...
An RFP is, in part, an advertisement. It announces that a project is proceeding, and opens the door to qualified candidates who can get the job done. In government, the RFP has been adopted as a way to ensure that cronyism is removed as a factor in the rewardi...