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Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Contract Economics

Contract Economics is a way to help businesses view the value of their full range of contracting activities.

It measures overall value and return on investment; allowing businesses to know if a contract is fit for purpose. 

Businesses can assess their contract economics by: 

  • Examining the costs of creating, negotiating and finalising contracts. 
  • Monitoring negotiations and delays in time-to-signature
  • Developing a deeper understanding of contract risks and how to mitigate them. 

Risks can be captured, measured and mitigated with greater confidence.

Tighter management of contractual obligations