Contract value loss can be prevented and mitigated by focusing on your contracts throughout the contract lifecycle. Whether representing a party or acting as a 3rd party neutral, Ryan Tan Law will not only provide valuable contractual and legal advice, but also beneficial technical and managerial recommendations.

Before releasing a statement of work (SOW), or responding to one, make sure what you are asking for or proposing makes sense. Does it meet business needs and will you realize your expected benefits? Is it unambiguous? Is it clear as to what is needed or is being proposed? An accurate SOW or proposal developed in the planning phase is a critical step that avoids schedule, scope and budget issues.
Example Activities

After a vendor is selected, but before signing contracts, reviewing both the original SOW and the winning proposal for alignment prior to executing the contract is a valuable exercise. At this stage identifying gaps, contradictions, and ambiguity between expected obligations and proposed obligations provides the parties time to resolve issues before finalizing and executing the contract.
Example Activities

Whether at the beginning, middle, end, or throughout an engagement, it is important to assess contract adherence to identify areas of non-compliance, risk, and issues. This provides parties to the contract with valuable information in the form of performance metrics and recommended strategies to mitigate risks and resolve issues. The goal is to maximize value, minimize risk, and to have a project that is overall successful.
Example Activities
Protecting taxpayer dollars spent on public sector contracts by minimizing value leakage, maximizing performance, and improving project engagement dynamics.
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