The Stunning Cost of Poor Contract Organization

Poor organization has been the downfall of countless companies, with millions of dollars wasted due to negligence or simple carelessness. The cost of such poor organization obviously depends on the size of a company and the industry it serves. Nonetheless, for companies in which contracting forms an integral facet of the business, poor contract management may have catastrophic financial consequences. After all, the fallout associated with contract failures can have a host of legal ramifications, the vast majority of which tend to be quite costly. Here are some simple examples of how poor contract organization and management can result in major cost leakage:

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