Quickly yes, cheaply – it is more cost effective than cheap.
Yes, there are established techniques that get results. It is quicker than you may think – but does depend on the expected magnitude of project loss coupled with project complexity.
A quick (normally a day or so) review of a significant contract that your firm intends signing is money well spent usually. There is always some aspect that can be improved with a little negotiation.
It is all too easy to be pressured into making a commercial decision based on an incorrect understanding of your contractual entitlements. Reviews are quick and cost effective if the result on margin is potentially material.
An independent contract review may sound expensive – but need not be. Business as usual could mean that you are not recovering as well as you might. Do you know where is the waste in your system?
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