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As a result, organizations may struggle to meet contractual, financial, and regulatory commitments.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How does the guide recommend responding to supplier disruptions?",{"text":68,"@type":64},"The guide emphasizes identifying key contracts, understanding how COVID-19 affects key suppliers, determining knock-on effects on the organization, and developing approaches to mitigate supplier issues.",{"name":70,"@type":61,"acceptedAnswer":71},"What should contract management teams do when contracts become problematic?",{"text":72,"@type":64},"They should assess risk in key contracts, propose measures for problematic contracts, discuss them with the relevant parties, and formulate a specific course of action for each case.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},244380,1791737001,{"code":4,"msg":82,"data":83},"success",[84,88,93,98,103,108,113,118,123],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":86,"slug":87},11,90,"presentations",{"id":89,"doc_module":22,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},12,"Resumes",80,"resumes",{"id":94,"doc_module":22,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},14,"Invoices",70,"invoices",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},15,"Posters",60,"posters",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},16,"Social Media",50,"social-media",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":110,"show_sort_weight":111,"slug":112},17,"Forms",40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":115,"show_sort_weight":116,"slug":117},18,"Letters",30,"letters",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":120,"show_sort_weight":121,"slug":122},21,"Paper Templates",5,"papers-templates",{"id":124,"doc_module":22,"doc_module_name":25,"category_name":125,"show_sort_weight":4,"slug":126},158,"General","general-158",{"code":4,"msg":82,"data":128},{"doc_id":79,"user_id":129,"nickname":42,"user_avatar":130,"doc_module":22,"category_id":85,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":104,"language":136,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":12,"update_tm":140,"read_time":141},2336464648746,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","A Step-By-Step  \nContract Management Response to COVID-19  \nAuthor: Rod Linsley  \nDate: 1st April 2020  \nContents  \nIntroduction 1  \nThe Key Commercial Issue Of COVID-19 2  \nA Contract Management Response To COVID-19 3  \n01. Identify your key contracts and their key terms 3  \n02. Understand how COVID-19 is affecting your key suppliers 6  \n03. Determine the knock-on effects of supplier  \nissues on your organisation 7  \n04. Develop approaches for mitigating supplier issues 8  \n05. Advise all customers about the effects of COVID-19  \non your organisation 8  \n06. Assess risk in your key contracts 9  \n07. Propose measures for dealing with problematic contracts 10  \n08. Discuss each problematic contract with the relevant party(s) 11  \n09. Formulate the course of action to be taken for each problematic contract 11  \n10. Enhance your contracting approach 12  \n11. Log every action taken 12  \nSummary 13  \nThis ebook is a step-bystep guide to managing contracts during the COVID-19 pandemic.  \nIncludes five free Excel Templates.  \nCOVID-19 is exerting acute economic pressure across all geographies, industries and sectors at the same time. This combined with the obvious human and health concerns, is creating an extremely volatile situation for businesses to navigate.  \nCentral to navigating the next 3-6 months successfully will be accurate assessment of contract obligations and risks, as well as sensitive relationship management and tight control over cashflow.  \nIn this article we focus on the actionable steps to betaken by those responsible for contract management in your business.  \nEvery organisation needs to respond in its own fashion to the issues presented by, and government responses to, COVID-19 . Such a response will necessarily require much effort from many parts of the organisation, so the sum of individual function-  \nlevel issues, both external and internal, can be rolled up to reveal a generalised, organisation-wide picture.  \nThis response effort will need to be ongoing for the foreseeable future, with regular updates containing analysis of how the situation is unfolding, and recommendations for actions to ameliorate the situation if at all possible.  \nAll information collected, analyses prepared and recommendations made by the review process during and after the pandemic should be formally documented and stored.  \nTo help get you started with this, we’ve developed a simple Pandemic Issues Log template which you can use to record all the requisite information.  \nDownload the Pandemic Issues Log Template Now   \n1  \nTHE KEY COMMERCIAL ISSUE OF COVID-19  \nWhile in no way diminishing the tragic and devastating human toll from COVID-19, its main effect on commerce can be boiled down to the potential for workforce shortages and business shutdowns to limit the ability of organisations to:  \nObtain goods and services from their suppliers.  \nProvide goods and services to their customers.  \nComply with any other arrangements they have in place with third parties.  \nExecute new contracts with third parties.  \nIn a nutshell, the commercial issue is that organisations may not be able to meet their contractual, financial and regulatory commitments.  \nMany organisations can expect a reckoning, contractwise, even during these early stages of COVID-19 .  \nThe Contract Management team will be heavily involved in your organisation’s response to COVID-19, given that contracts form the foundations of commerce.  \n“Both the genuinely affected and the opportunists might be pulling out their contracts right now, looking for their entitlements with regard to non-performance by their third parties, and any limits to their obligations with regard to their organisation’sown non-performance.”  \n2  \nHere, we’ll take you through 11 key activities relating to your business’s contracts and vendors that will need to be carried out:  \n01. Identify your key contracts and their key terms  \n02. Understand how COVID-19 is affecting your key suppliers  \n03. Determ","cbCaigLP7KU8HYcf","https://ap.wps.com/l/cbCaigLP7KU8HYcf","pdf",5596677,"English","# Introduction\n## The Key Commercial Issue Of COVID-19\n## A Contract Management Response To COVID-19\n## Key Activities\n### 01. Identify your key contracts and their key terms\n### 02. Understand how COVID-19 is affecting your key suppliers\n### 03. Determine the knock-on effects of supplier issues on your organisation\n### 04. Develop approaches for mitigating supplier issues\n### 05. Advise all customers about the effects of COVID-19 on your organisation\n### 06. Assess risk in your key contracts\n### 07. Propose measures for dealing with problematic contracts\n### 08. Discuss each problematic contract with the relevant party(s)\n### 09. Formulate the course of action to be taken for each problematic contract\n### 10. Enhance your contracting approach\n### 11. Log every action taken\n# Summary","[{\"question\":\"What are the main commercial impacts of COVID-19 on organizations?\",\"answer\":\"COVID-19 can limit the ability to obtain goods and services, provide them to customers, comply with third-party arrangements, and execute new contracts. As a result, organizations may struggle to meet contractual, financial, and regulatory commitments.\"},{\"question\":\"How does the guide recommend responding to supplier disruptions?\",\"answer\":\"The guide emphasizes identifying key contracts, understanding how COVID-19 affects key suppliers, determining knock-on effects on the organization, and developing approaches to mitigate supplier issues.\"},{\"question\":\"What should contract management teams do when contracts become problematic?\",\"answer\":\"They should assess risk in key contracts, propose measures for problematic contracts, discuss them with the relevant parties, and formulate a specific course of action for each case.\"}]","A Step-By-Step Contract Management Response to COVID-19 - Summary | PDF",1789216672,6]