Business units should assign a designated contract coordinator for the contracts process

“Use a designated contract coordinator from each in-house business unit, thereby streamlining the processes from ‘review and revise’ to final negotiation and execution of contracts in each unit. This minimizes the number of employees needed to finalize contracts.” This idea comes from 75 cost-cutters in the ACC Docket, Vol. 27, March 2009 at 45 (See my post of Aug. 16, 2006: end-to-end process for contract management.).

My view continues to be that contract administration should not reside in the law department (See my post of Aug. 19, 2007: huge role for contract administrators; May 5, 2006: contract administrators; March 18, 2005: separate contract managers from others; Nov. 22, 2008: contract management software with 11 references; and Feb. 22, 2009: reference materials on contract management.). Accordingly, I favor clients taking on as much of contract coordination as possible.