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Most organisations face the ongoing challenge of maintaining value from contracts and transactions with third parties. This is especially true when the services, products and contractual terms involved are complex, difficult to understand and lack transparency.
Our Commercial Assurance team can enable your organisations to quickly identify saving opportunities resulting in greater value, and also reap the benefits of process enhancements, knowledge transfer and ongoing assurance needed to sustain value across the contract lifecycle. Our experience shows that there are significant financial and operational benefits from a structured approach to managing these critical third party relationships.
Key challenges
- Cost reduction
- IT programmes
- Capital projects
Cost reduction
Effectively managing risk and optimising the outcomes from third-party relationships is an ongoing challenge for most organisations.
With outsourcing levels and reliance on third-party providers on the rise, these relationships and underpinning contracts require a greater degree of proactive contract and commercial management to ensure they deliver what the business needs in the most cost-efficient manner.
Our Commercial Assurance team apply a contract governance and audit approach through a commercial lens to help our clients enhance the outcomes of their programmes and relationships involving third-parties.
How can we help?
- Contract review
- Supplier compliance
- Commercial modelling
- Contract management
- Negotiation
- Contract readiness and set-up
- Contract exit
IT programmes
We provide ongoing QA for clients undergoing large-scale technology-enabled change programmes.
Our approach brings together broad expertise across programmes, technology and commercial contracting to identify key risks and embed monitoring and QA mechanisms to set our client programmes up for success.
How can we help?
- Third party strategic selection
- Contract formation
- Decision support
- Business case challenge
Capital projects
Capital projects are rarely out of the headlines, whether for failed procurements, supplier legal challenges, delays or cost overruns. Mitigating such risks can be demanding and with global capital expenditure predicted to exceed $9trn by 2025, programme owners are being faced with increasing levels of complexity and commercial risk.
So what really happens on projects, and how can governance of these risks be improved? We believe more attention is needed between the major review points and below the programme and project boards in order to link governance with the reality of projects and facilitate timely, well informed decisions.
How can we help?
- Procurement and commercial delivery partner
- Capital estate revenue and expenditure assurance
- Contract exit and project close out
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“At the heart of our business are diverse and talented teams to help achieve our goal of being pioneers in a world of changing risk. Join us and you’ll be part of an inclusive culture that enables risk professionals to thrive by nurturing innovation and curiosity. Our investments in technology and digital give our people the tools and skills they need to help our clients solve the problems of tomorrow, not just today.”
Contact us
Partner – Commercial Assurance National Lead, PwC United Kingdom
Tel: +44 (0)7718 928344
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