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I have spent a lot of time on contract negotiation and management for engineering and EPC contracts. I can confirm that more or less, excel, SharePoint, and ema
by _n_b_ 7y ago
I have spent a lot of time on contract negotiation and management for engineering and EPC contracts. I can confirm that more or less, excel, SharePoint, and email fits with my experience of how things are done in the wild. (I do have some home-grown specialized tools I use for things like claims tracking.) Every big contract is different, and tools with lots of requirements are often not as adaptable to those nuances as a trusty excel sheet that you've honed through the years.
However, my experience in utility EPC space is that contracts are negotiated primarily by sales & supply chain people and reviewed by lawyers, and then turned over to contract managers, who only get their legal departments involved for advice or when there is an escalating problem that looks like it might head for arbitration or court. So asking general counsels about this seems like the wrong audience--at least out in my little segment of the real world, it's contract managers who mange contracts, not lawyers.