Long before the contract termination date, the computer services manager and others should be evaluating whether some other vendor might do the work better, whether the client has come to believe that it can do the outsourced work more advantageously in-house, or whether the contract should be renewed. If the decision is to renew, then the client should analyze in what ways the arrangement could be improved and whether a more advantageous price could be obtained, and begin to negotiate a revised contract — hopefully to the benefit of both the service firm and the client. The new contract should also reflect the many circumstances that undoubtedly have changed since the original contract was written, such as new technology used by the vendor and new products, customer groups, or geographical territories for the client.
Was this article helpful?
What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.