CONTRACT

Analyse, track and manage maverick spend

The Observatory's CONTRACT functionality enables you to join your contract and spend data to make it straightforward to analyse, track and manage maverick spend across the 500+ categories in which public sector organisations typically buy goods & services.

Assess which categories represent the best opportunity for saving money

The CONTRACT functionality will help you assess which categories of goods & services represent the best opportunity for saving money through managed redirection of spend to those suppliers with whom you have contracts.

Increase the value of 'spend under contract'

Rank, prioritise and focus procurement resources on the categories that represent the best candidates for issuing an RFQ, RFP or ITT in order to increase the value of 'spend under contract'.

Leverage collaborative contracts

CONTRACT provides the tools you need to support the measurement and monitoring of the value of your spend that leverages collaborative contracts. This ensures that you benefit from terms that have already been negotiated by another contracting body.

Collate and centralise contract information

Underpin the collation and centralisation of summary contract information where you don't currently have a centralised contract register or contract management system in place.

See where to rationalise contracts to deliver process efficiencies and lower prices

Generate visibility of multiple contracts with the same supplier, or multiple contracts in a single category with different suppliers, where rationalisation could deliver process efficiencies and lower prices.

Visualise your spend clearly to manage maverick spend more effectively

CONTRACT facilitates the uploading to the Observatory of summary contract information from your contract register or contract management system. In the event that you don't currently have a centralised contract register CONTRACT provides a template for collation and centralisation of the contracts currently in place. Once uploaded, the summary contract information is linked to your transformed spend data to enable you to generate the charts, graphs, tables and lists that deliver the data and insight you need to more effectively manage maverick spend.