tags contract-construction 
SIG Speaks
OCTOBER 12, 2023
In this paper, I will highlight the effects of AI on reporting, outsourcing, and contract management as we learned in the lessons. It has been estimated that inefficient contracting may cause firms to lose between 5% to 40% of value on a given deal, per the Harvard Business Review.
SIG Speaks
DECEMBER 6, 2022
For example, module 8 states that the Legal Team handles the contract management of the executed contracts in the contract module. Referring to Module 10, Lesson 2, “Exit Management Components,” I believe that most Procurement departments put an Exit Plan/Transition Plan in place before they have decided to terminate a contract.
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SIG Speaks
MAY 9, 2023
Most large-scale construction of tunnels, bridges, or roads for public or private players is dealt with by contractors who are masters of their field. An alert organization will draft the contract so that all the work is well-defined. Best Practices Definition : The coordination of two organizations is complex.
SIG Speaks
AUGUST 3, 2023
I didn’t know much about either, but soon thereafter, my director started talking about AI capabilities in contracting. AI or machine learning is excellent for running mundane tasks like searching for specific contract clauses. The first SIG conference I attended was back in 2018 in Washington, D.C.,
SIG Speaks
NOVEMBER 30, 2022
2 Extended Reality Is quickly becoming a useful tool in the Education, Entertainment, Gaming, Industrial Training, Automotive, Construction, and Healthcare industries. Machine-Learned Contracting Process. The extended-reality market will triple in value by 2028, according to one estimate.2 3D Prototype Printing. register now. .
SIG Speaks
NOVEMBER 4, 2022
If we take the termination of a collaboration contract as an example, it may look simple for those who have not been involved in such events yet – “you simply send a thank you email to your former supplier, and that’s it.” This could not be more wrong in most cases than this. Let’s focus on the final stage of the exit plan for a moment.
Groove Technology
JANUARY 17, 2022
We were able to see how blockchain contributes to numerous digital currencies and smart contracts. In 2022 and beyond, we see themes such as smart contracts, anti-piracy software, election censorship tools, and blockchain platforms becoming more widespread. All of our sensitive data is encrypted using blockchain technology.
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