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Who's keeping score? Contract scorecards for supplier performance.

Revenew's contract administration programs keep score with Contract Scorecards that show how well each supplier is living up to what's in the fine print. We follow up with Action Plans that outline the steps needed to get things back on track. And stay on track. With no impact on project schedules.

Words matter: closing contract language risk.

During contract reviews, we inevitably find opportunities to improve contract language. Expensive loopholes to close. Ways to raise transparency. Lower risk. And capture dollars. Even small changes in terminology can deliver huge benefits.

Practice Leader

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Frank Henry

White Paper

Applying an "auditor's lens" to compliance captures - and corrects - contract leakage.

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A fresh eye on contract templates.

Frequently-used contract templates can usually benefit from an overhaul. Our contract specialists scrutinize every line for opportunities. Is more clarity needed? A rebalance of assumed risk? Terms that are auditable? Stronger templates lead to improved work processes. Greater cost recovery. Better compliance. So you’re better protected from risk.

Frequently Asked Questions

What is contract administration? Contract administration is the ongoing work of making sure a signed contract is actually fulfilled: verifying pricing, terms, and obligations from inception through contract closeout. Revenew's programs provide that verification continuously, with scorecards, action plans, and stronger contract language along the way.
What is contract leakage? Contract leakage is the gap between the value negotiated in a contract and the value actually realized. It typically comes from billing errors, ambiguous contract language, and unapplied rates or rebates. It's a visibility gap, not anyone's failure, and it compounds quietly until someone verifies compliance line by line.
How is supplier compliance measured? Contract Scorecards show how well each supplier is performing against the fine print, and Action Plans outline the steps to get things back on track without impacting project schedules.
Can a contract administration program transition in-house? Yes. Programs can be designed from the start to build your team's capability and transition in-house over time.
How is contract administration different from a contract compliance review? A contract compliance review is a point-in-time audit of supplier billing against contract terms. Contract administration is the ongoing program built around it: continuous verification, scorecards, and contract language improvement across your portfolio.