Simplifying the Contracting process in a Complicated World

In a March 4th, 2009 speech President Barack Obama made a commitment relative to “changing how government contracts are awarded and who can get them.”  The President went on to say that “The move will make the process more competitive and will save taxpayers up to $40 billion” per year.

Specifically the U.S. President emphasized that “reforming our broken system of government contracting,” which includes; massive cost overruns, contracts being awarded without competition, contractors overseeing other contractors, outright fraud and, the absence of oversight and accountability” are the targeted problem areas upon which his new initiative will focus.

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In Canada, MP Irene Mathyssen’s introduction of Bill C-392, which is legislation that is intended “to give Canadian companies and manufacturers priority status in regard to government procurement standing,” represents yet another program which is designed to improve the contracting process within the public sector.

And these problems and resulting initiatives are not unique to the public sector, as we will discover in our July 9th broadcast “Simplifying the Contracting Process in a Complicated World,” as private sector companies also struggle with their own contracting inefficiencies.

Joining me on July 9th to provide his views on emerging contracting practices is Andy Akrouche, who is the founder and managing partner of Strategic Relationships Solutions Inc. “SRS” and developer of the SRS SourceX system.  Against this backdrop of change, this is what Akrouche has to say about the present state of the contracting process:

“It is time for vendors, clients and stakeholders to break away from the rigid models of the past and begin working together within collaborative frameworks that facilitate mutual growth and sustained benefit over the long haul.  It is also time for central procurement agencies and material management organizations to embrace advanced inclusive approaches and technologies to simplify procurement and put the trust back in the system.”

What are the specific mechanics associated with achieving this Utopian ideal?  Join us on July 9th for what promises to be a very interesting and insightful 45 minute segment.

Segment Link: Simplify the Contracting process in a Complicated World

NOTE: Access articles, studies and contracting intelligence through the Principles of Effective Contract Management Resource Group on LinkedIn.