IT Companies in Quandry as Clients Turn against COLA | In the News
Everest Group
FEBRUARY 9, 2022
With over $35 billion in software managed services contract value due for renewal in 2 years, IT firms may sweat over cost-of-living-adjustment clause. Prateek Gupta , Practice Director, Everest Group, says there was a decline in contracts with the COLA clause between 2018 and 2020 because of buyers’ pressure back then.
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