This Report discusses the risk of supplier failure increasing because of the financial climate and the ongoing risks faced by buyers through not monitoring contractors and contractor risk pro-actively.
“The report recommended a number of measures to help government buyers improve contract management. These include stringent controls surrounding supplier behaviour, better risk management over the life of a contract rather than just at the start, and introducing systems that provide an early warning of suppliers who are struggling.”
We all tend to become better economic managers in the tough times out of necessity. The real challenge is maintaining this type of good governance over agreements and contractor relationships in the good times as well.