Buyers go for more regular reviews
28 August 2012
Most big purchasers now renegotiate contracts every six months rather than wait three to five years, according to a report from software firm Ariba.
Eighty of 100 procurement directors surveyed in the UK, France, Germany, Spain and the Netherlands said they were moving to half-yearly reviews and renegotiations because they felt they could get better deals.
Nearly three-quarters of respondents said the renegotiations were based on getting a better quality of service rather than reducing unit costs.
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