Our Contract Compliance service provides an in-depth review of your negotiated contracts with suppliers to uncover any instances of non-compliance and errors that may have gone unnoticed.
Our aim is to unlock value from your contracts in terms of historical recovery, future savings and cost reduction. Beyond this financial scrutiny, our review provides you with a valuable asset – a crystal-clear perspective on contract intent, realisation and a detailed review of the contractual relationship with the supplier. By shining a light on areas where contracts might fall short or need improvement, we help you mitigate the risks and potential liabilities that can arise as your business evolves.
We frequently observe varying outcomes within different categories across our diverse client base. This is because each contract is unique, and areas of concern for one client may not apply to another. The categories we explore are
CATEGORIES COVERED
Agency & Resourcing
Construction
FM & Equipment
Marketing & Media
IT/Technology
Logistics & Packaging
Professional Services
Rent & Rates
DURING THE AUDIT, WE CONDUCT A COMPREHENSIVE CONTRACT REVIEW, COVERING VARIOUS CLAIM TYPES, INCLUDING:
- Labour and payroll charges, including statutory taxes
- Cost Mark-ups
- Overcharges against agreed terms
- Rebates – Identifying missed rebates, incorrect rates, turnover errors, or calculation mistakes.
- Pricing – Ensuring charges align with contract schedules.
- Quantity Discrepancies – Examining discrepancies like labour hour overcharges.
- Management Fees/Licence Fees – Verifying compliance with contractual agreements.
- Service Levels – Assessing SLA performance and addressing any credit owed for underperformance.
- Spreadsheet Calculation Errors – Correcting calculation errors related to the above.
- Duplication of Charges or Payments – Identifying and rectifying any double charges or payments.
Let Us Help You Realise The True Intent And Value Of Your Contracts