Contract Opportunity Assessment

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