Effective contract negotiation plays a prominent role in the
procurement cycle. The lack of a comprehensive contract, as well as
an in-depth review of the contract, poses a risk to both parties,
but more specifically the buyers. The absence of price protection
and the inclusion of misleading price terminology are two examples
of potential pitfalls during contract negotiations that lend
strength to the seller.
Intelligent contract negotiations rely on facts instead of
assumptions or suppositions. At Dryden Group, we understand the
importance of research before commencing the negotiation process. We
take the time to uncover the facts that relate to the current supply
chain environment and determine how they will impact your
negotiations. When combined with our years of procurement contract
expertise, you can be sure you will be fully armed when entering the
We will work closely with your procurement team to ensure a successful
and mutually beneficial outcome for you and your suppliers. Our
professional negotiation services also include contract drafting that
will protect your rights and provide an equitable agreement for all
Our professional negotiation services
also include contract drafting that will
protect your rights
and provide an equitable agreement for all parties.
Benefits of Our Contract Negotiation Services
The many advantages of our contract procurement process include:
Comprehensive Review of terms and conditions: Inconsistent
purchasing practices and the failure to secure competitive rates are
common symptoms of insufficient contract management. We will execute
a complete review of all contract terms that involve pricing,
conditions, compliance, supplier service obligations and performance
metrics of purchasers and suppliers. We’ll ensure you are working
with reliable, reputable suppliers, and if necessary, help you
locate more suitable vendors.
Conflict resolution steps: Conflicts can arise during the
performance of even a well-drafted contract. We will ensure the
implementation of appropriate measures to resolve disputes equitably
Identifying the meeting point: The most successful
negotiations are those where the parties can achieve a meeting of
the minds. Our skilled, experienced negotiators have the savvy to
identify the most pressing needs of each side and find the means to
bring them together.
Contract Negotiation Options
When we negotiate on your behalf, our team at Dryden Group may
consider several courses of action, including:
Setting up favorable payment terms.
Maximizing the potential of your accounts payable.
Evaluating your payment terms based on your current relationship.
Negotiating longer payback terms.
Spreading out your accounts payable.
Creating a singular point of communication with your supplier.
Tactfully handling payment disputes.
Consulting with other industry associations.
Seeking lawyers for arbitration or litigation.
Why Choose a Professional Contract Negotiator?
With all of our years in the industry, our experts at Dryden Group
understand procurement contracts inside and out. We're fluent in the
industry jargon and have the informational insights necessary to
determine if your current rates are fair in the marketplace. If
necessary, we can even find new procurement avenues that offer a more
competitive rate or negotiate on your behalf to get a more just price.
A professional contract negotiator from Dryden can help you with the
following terms of your contract:
Pricing: Dryden enables you to secure a reasonable
procurement spend price and avoid unmanaged or mismanaged
procurement spend. We'll make sure you have standardized control and
contractors for production, overhead and general supplies.
Clear conditions: We help our clients get contracts that
have clear price protections, payment terms and delivery schedules.
We'll even create competing contracts if necessary.
Compliance: When you partner with Dryden Group, you can be
sure that the contract you get is compliant with every regulation
and standard in your industry while still staying at a profitable
price point for you. We have experience working with contracts in
the cybersecurity, technology, intellectual property industries and
Keep roles clear: Dryden takes the guesswork out of your
contract. We'll make sure that your contract has clear sections
regarding material losses, insurance, confidentiality and rights of
access. We turn the balancing act of contract negotiation into a
clear art and ensure that every role has its own dedicated contract
section for clarity.
Performance metrics: Every contract needs a clear set of
performance metrics so you can efficiently measure your supplier's
performance. We determine and introduce fair KPIs that allow you to
track and manage your supplier's success with ease. These metrics
may include KPIs like deliveries on time, ordered vs. received
products and ordered vs. invoiced price.
Trust Dryden Group for Your Negotiation Needs
Dryden has more than a decade of experience negotiating with some of
the largest organizations in the procurement industry. Whatever your
budget, we can save you money so that you can get the most out of your
indirect commodities. Your bottom line is always our top priority.
Visit us in person or
contact us online
to learn more so we can start negotiating your contract today.