Gatekeeper Contract and Vendor Management Glossary

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

Contract Volatility

Contract Volatility is a risk indicator.

It is often used to indicate a contract that has  undergone unpredictable change and could still do so in the future. 

Contract volatility can be caused by a number of factors including: 

  • Price changes 
  • New regulatory obligations
  • Failure of either the supplier or the organisation to comply with contractual obligations

RAG Status can be assigned to different events, highlighting the level of volatility they introduce to a contract.