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Commercial Assurance
Driving greater value from your third party relationships
The scope and complexity of third party relationships have continued to increase as companies outsource, build capital projects, enter into joint ventures and invest abroad. However, the approach to contracting and third party risk management remains the same as it was many decades ago. Reliance on legal terms is insufficient when value is lost, risk is increased and service is compromised through poor relationships, contracts and management.
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 savings 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.
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
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 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
Request for information
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"An ecosystem of trust needs to exist between you and any stakeholder or partner who is making and keeping promises on your behalf"
Contact us
Partner – Commercial Assurance National Lead, PwC United Kingdom
Tel: +44 (0)7718 928 344
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