A discussion of international contract management and the importance of satisfied suppliers.
Written in 2008; 1,458 words; 6 sources; APA; $ 48.95
Paper Summary:
This paper discusses the development, negotiation and successful administration of international contracts. The writer explains the need to understand the cultural perspective of the other party and the role of the contract manager in building a supplier/partner relationship. The writer stresses the importance of operational, business and strategic communication and lists essential factors in good contract management. The writer also describes the results of poorly managed contracts and concludes with a definition of a good supplier.
Outline:
Introduction
Challenges
Cultural Environment Knowledge
From the Paper:
"The task in international contracting is basically the same concept as domestic contracting and yet international contracting is a great deal more complex in nature. Gabbard states that in order to understand the complexity in the international contracting environment one must understand the legal environment in which international contracting takes place which is generally within the realm of: (1) U.S. law; (2) The law of the country in which the purchase or sale is made; and (3) International Law. (2006)"
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