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Detailed Analysis
The Contract Opportunity Assessment will include a review of:
- Vendor information
- Termination dates
- Renewal notice periods and renewal terms
- Detailed information on key pricing drivers
- Analysis as to whether the contract is favorable, opportunistic or problematic from a pricing perspective
- Strategic roadmap of contract negotiation opportunities with recommendations on when to initiate negotiations with each vendor
- Overall strategy for the contract portfolio including possible strategies such as alignment, renegotiation, leaving in place, competitive bidding or further pricing review
Contracts Evaluated:
- Core banking agreements
- Internet banking agreements
- Bill pay agreements
- Item processing agreements
- Electronic funds processing agreements
- Electronic funds network interchange agreements
- Card branding agreements
- Telecommunications service agreements
- Key ancillary systems agreements
Balance of Power
How community institutions can make sure their voices are heard when negotiating with third-party vendors.
