I already wrote an article on the importance of a well-written statement of work. Now I asked ChatGPT, the new AI kid in town, to do the same. This is the result. Can you write an article about the importance …
We have seen rapid adoption of blockchain technology in aerospace, aviation, and defense. But what is blockchain? And where is it already being used? Will blockchain technology revolutionize today’s aerospace, aviation, and defense ecosystems, and if so, in which areas? …
This is an update from a post I published on April 9, 2021 on artificial intelligence automating contract managers and lawyers. I asked the same questions as here below in LinkedIn groups (here and here). Below this article, you will …
Agile business requires agile contract management. And agile contract management requires agile types of contracts. But why would you want to “go agile”. The agile methodology seems really the domain of IT and software development but how does that work …
For the aerospace & defense and high-tech equipment suppliers and the original equipment manufacturers (OEMs), airlines, and operators, around 9 to 10% is the average negative impact on their bottom-line performance resulting from weaknesses in commercial and contract management. Especially, now …
The other day a short article on the LawSites blog about Evisort that caught my attention. Evisort is a California-based company, founded in 2016, and focusing on artificial-intelligence-enabled contract lifecycle management. The founders of Evisort recently announced a series B …
Is it possible to apply ‘agile’ contract management in industries like aerospace, aviation, defense, and other high technology equipment and systems suppliers? Aerospace and high-tech companies work with advanced technologies in expanded supply chains producing complex products and services. Programs …
The other day I had a discussion with some colleagues about contract lawyers, commercial contracts, and negotiation skills in high-tech industries. We discussed whether – when it comes to negotiating commercial contracts – lawyers always are the best negotiators? Are …
You may already have heard about agile contracting, but you don’t know what it exactly is? Is there a big difference with traditional contracting? What does ‘agile’ mean in relation to contract management. And when do you need agile contracting? …
How do you track value erosion? Like many other organizations, your focus will (should?) also be on enhancing business value. So on revenue improvement, cost reduction, and risk management over the lifespan of your contracts. One crucial way to achieve …