Clearly defined mechanisms or repercussions for failure to meet specified contractual commitments. Remedies are designed to drive improved performance and may involve payment of money, reduction in contract volume or term, or other financial repercussion for the contractor.
Procurement Courses
For Individuals
- PSPP: Procurement program for individual
- CMP: Contract Management Program – Essentials for Individuals
For Teams
- PSPP: Procurement program for Team
- CMP Contract Management Program – Essentials for Teams
- Webinars: Webinars for my Team
Disclaimer: The views and opinions expressed in this article are those of the Subject Matter Experts and do not necessarily reflect the official policy or position of The Procurement School.